Construction expenses have continued to grow in the months of 2018, with the cost index rising to 172.7 points in August 2018 (base year being 2015). The roads and railways cost index has seen a particularly large increase, amounting to 196 points that same month.
Regarding the distribution of new building permits, 2017 had seen a peak in figures for dwellings and other residences for communities at more than 137,000. By comparison, the number of permits given for the construction of industrial facilities, reservoirs, silos, warehouses and non-residential farms had decreased compared to the previous year.
In 2016, the leading building contractor in Turkey was Renaissance Construction. The company was founded in St. Petersburg, Russia, but is owned by Turkey based Rönesans Holding. In 2017, Rönesans Holding reported an annual revenue of approximately 4 billion U.S. dollars.
