Turkey Real Estate Market Overview Half Year 2022

The total number of passengers at airports across Turkey increased by 87% compared to the same period of the previous year and reached 75 million. While the total passenger traffic at Istanbul Airport was recorded as 27.6 million for the same period, the total passenger traffic at Sabiha Gökçen Airport was realized as 13.7 million, with a significant increase of 126% and 55%, respectively, compared to the previous year. Passenger Count

TURKEY TRADING PERFORMANCE

100 120

80,0%

60,0%

0 20 40 60 80

40,0%

20,0%

Occupancy

(Euro)

0,0%

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 January - June

ADR (€)

RevPar (€)

Occupancy (%)

ISTANBUL TRADING PERFORMANCE

100 120 140 160

0% 20% 40% 60% 80%

0 20 40 60 80

(Euro)

Occupancy

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 January-June

ADR (€)

RevPar (€)

Occupancy (%)

HOTEL SUPPLY

0 1.000 2.000 3.000 4.000 5.000 6.000

1.500

1.000

500

0

Number of Beds

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 H.1.

No of Establishments

No of Establishments

No of Beds

28 |TURKEY REAL ESTATE OVERVIEW