Population growth and inter-regional migration have been and will be significant drivers for the Turkish real estate markets. The last census counted a population of roughly m at the end of 2007, significantly less than previously forecast from the census 2000 data. Nevertheless, the population is growing at a fast pace com- pared to most industrialised countries. In addition, two further trends are noteworthy. Urbanisation is advancing and migration patterns within Turkey favour economically burgeoning provinces. According to our forecast on the basis of UN projections the overall population of Turkey will grow strongly but at a moderating pace.
