Ended 2017 with the sales of 1.1 million squaremeters and amounting to 7.7 billion TL, Emlak Konut GYO aims to continue its success in 2018.
Emlak Konut GYO that is Turkey’s largest Real Estate Investment Trust announced its evaluation of 2017 and its objectives for 2018. Emlak Konut GYO made sales of 1.1-square meter size and amounting to 7.7 billion TL excluding VAT between January 1 – December 31, 2017.
Evaluated 2017 figures, Murat Kurum, Emlak Konut GYO General Manager spoke as follows: “As Emlak Konut, we considered 2017 as a year of recovery and standing on, as it commenced after the challenging process we experienced in July 2016 and with the commotions experienced beyond our border. In this scope, we said “It’s Time to Unite for Strong Turkey” in the beginning of 2017, and join hands with financial institutions and reached record-breaking sales in a short time. In the remaining period of the year, we provided some facilities such as different payment options and debt settlement in our projects, for the purpose of supporting the sector’s positive acceleration. When we check today, it is seen that we attained our objectives set in early 2017. Within 2017, we made sales of 1.1 million-square meter size and amounting to 7.7 billion TL. Furthermore, we target a net profit amounting to 1.8 billion TL in 2017.”
Murat Kurum also evaluated the sector’s performance in 2017 and Emlak Konut’s other activities within the year. “Real estate sector and our national economy that constitute an integrity showed how resistant they are against external factors, in 2017. When we analyze TÜİK data, we see that the total first and second hand residence sales within 2017 are above the figures of the last year. When we look at the growth figures for the third quarter, we see that our economy grew by 11.1 pe rcent. This rate is the highest one among the third quarter values announced in all countries. Indeed, the dream of a local automobile that has been present for years turned into concrete project in 2017. Export figures recovered and the second highest export level in the history of the republic was reached. We can easily say these figures, but they are actually seen to be a great management success. And we carried out several other activities than residence sales, which support our government’s efforts. When we consider our activities in 2017, we purchased lands amounting to 1.27 billion TL. We successfully completed 9 income sharing tenders realized in 2017. We created a value of 13 billion TL in these tenders. Our company completed several large-scale projects within 2017. When we have a check, rate of sales in our projects delivered within 2017 reached 95%. In 2018, on the other hand, rate of sales in our projects planned to be delivered has already reached 74%,” said Murat Kurum.
