{"id":21630,"date":"2026-04-26T20:44:35","date_gmt":"2026-04-26T17:44:35","guid":{"rendered":"https:\/\/www.merceknet.com\/tr\/?p=21630"},"modified":"2026-04-26T20:54:39","modified_gmt":"2026-04-26T17:54:39","slug":"insaat-sektorunde-buyume-suruyor-erisilebilir-konut-baskisi-artiyor","status":"publish","type":"post","link":"https:\/\/www.merceknet.com\/tr\/2026\/04\/26\/insaat-sektorunde-buyume-suruyor-erisilebilir-konut-baskisi-artiyor\/","title":{"rendered":"\u0130n\u015faat sekt\u00f6r\u00fcnde b\u00fcy\u00fcme s\u00fcr\u00fcyor, eri\u015filebilir konut bask\u0131s\u0131 art\u0131yor"},"content":{"rendered":"

T\u00fcrkiye M\u00fcteahhitler Birli\u011fi (TMB), 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fine ait \u0130n\u015faat Sekt\u00f6r\u00fc Analizi Raporu\u2019nu yay\u0131mlad\u0131. Raporda, in\u015faat sekt\u00f6r\u00fcnde b\u00fcy\u00fcme e\u011filimi devam ederken, bu b\u00fcy\u00fcmenin s\u00fcrd\u00fcr\u00fclebilirli\u011finin konuta eri\u015fim ko\u015fullar\u0131 ve talep yap\u0131s\u0131ndaki dengelenmeye ba\u011fl\u0131 oldu\u011fu belirtildi. Raporda, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011fine ili\u015fkin g\u00f6stergelerin, \u00fcretim kabiliyetinin korundu\u011funa ancak ilerleyen s\u00fcre\u00e7te sekt\u00f6r\u00fcn dayan\u0131kl\u0131l\u0131k testiyle kar\u015f\u0131 kar\u015f\u0131ya oldu\u011funa vurgu yap\u0131ld\u0131. Sekt\u00f6rel b\u00fcy\u00fcmenin s\u00fcrd\u00fcr\u00fclebilirli\u011finin; konuta eri\u015filebilirli\u011fin art\u0131r\u0131lmas\u0131na, ye\u015fil d\u00f6n\u00fc\u015f\u00fcm standartlar\u0131na uyum sa\u011flanmas\u0131na ve kentsel d\u00f6n\u00fc\u015f\u00fcm\u00fcn \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131yla dengelenmesine ba\u011fl\u0131 oldu\u011funun alt\u0131 \u00e7izildi.<\/p>\n

Ekonominin genelinde 200\u2019\u00fcn \u00fczerinde alt sekt\u00f6re yaratt\u0131\u011f\u0131 talep ve istihdam g\u00fcc\u00fcyle lokomotif rol\u00fc \u00fcstlenen in\u015faat sekt\u00f6r\u00fcn\u00fcn \u00f6nde gelen kurulu\u015flar\u0131n\u0131 temsil eden T\u00fcrkiye M\u00fcteahhitler Birli\u011fi (TMB), ekonomi \u00e7evreleri ve sekt\u00f6r taraf\u0131ndan ilgiyle takip edilen \u0130n\u015faat Sekt\u00f6r\u00fc Analizi Raporu\u2019nun Nisan 2026 say\u0131s\u0131n\u0131 yay\u0131mlad\u0131. \u201cK\u00fcresel Ekonomi Sava\u015f\u0131n Darbo\u011faz\u0131nda<\/strong>\u201d ba\u015fl\u0131kl\u0131 analizde, k\u00fcresel ve ulusal ekonomi ile in\u015faat sekt\u00f6r\u00fcne ili\u015fkin verilerin de\u011ferlendirildi\u011fi kaydedildi.<\/p>\n

Raporda, in\u015faat sekt\u00f6r\u00fcn\u00fcn 2025 y\u0131l\u0131n\u0131n son \u00e7eyre\u011finde kaydetti\u011fi %8,6\u2019l\u0131k b\u00fcy\u00fcme ile 2022 y\u0131l\u0131n\u0131n ikinci yar\u0131s\u0131ndan itibaren yakalad\u0131\u011f\u0131 ivmeyi 13. \u00e7eyre\u011fe ta\u015f\u0131d\u0131\u011f\u0131 ve kesintisiz b\u00fcy\u00fcmesini s\u00fcrd\u00fcrd\u00fc\u011f\u00fc vurguland\u0131. Bununla birlikte, s\u00f6z konusu b\u00fcy\u00fcmenin b\u00fcy\u00fck \u00f6l\u00e7\u00fcde deprem sonras\u0131 yeniden imar faaliyetleri ve b\u00fcy\u00fck \u00f6l\u00e7ekli kamu yat\u0131r\u0131mlar\u0131yla \u015fekillendi\u011fi ifade edilen raporda, sekt\u00f6r\u00fcn, y\u00fcksek finansman maliyetlerinin yat\u0131r\u0131m kararlar\u0131n\u0131 belirledi\u011fi ve bu durumun \u00f6zellikle konuta eri\u015fim ve yeni \u00fcretim dengesi \u00fczerinde etkili oldu\u011fu temkinli bir \u201ce\u015fik d\u00f6nemi\u201dne girdi\u011fi de\u011ferlendirildi.<\/p>\n

\"\"<\/p>\n

Maliyet bask\u0131s\u0131 ve finansman ko\u015fullar\u0131 konuta eri\u015fimi s\u0131n\u0131rl\u0131yor<\/strong><\/p>\n

Raporda in\u015faat maliyet endeksindeki y\u00fcksek seyir, enerji ve i\u015f\u00e7ilik giderlerindeki art\u0131\u015fla birle\u015ferek firmalar\u0131n k\u00e2rl\u0131l\u0131klar\u0131n\u0131 bask\u0131lamaya devam etti\u011fi kaydedildi. T\u00dc\u0130K verilerine g\u00f6re \u015eubat ay\u0131nda in\u015faat maliyet endeksi ayl\u0131k bazda %1,51, y\u0131ll\u0131k bazda ise %25,72 art\u0131\u015f g\u00f6stermi\u015ftir. Ayn\u0131 d\u00f6nemde malzeme endeksi y\u0131ll\u0131k %23,73, i\u015f\u00e7ilik endeksi ise %29,12 oran\u0131nda y\u00fckselmi\u015ftir. Ciro endeksinde y\u0131ll\u0131k bazda art\u0131\u015f g\u00f6zlendi\u011fi raporda, \u201c2026 y\u0131l\u0131 \u015eubat ay\u0131nda in\u015faat ciro endeksinin %20,2 artmas\u0131na kar\u015f\u0131n ayl\u0131k bazda %3,0 gerilemesi sekt\u00f6r faaliyetlerinde dalgal\u0131 bir g\u00f6r\u00fcn\u00fcme i\u015faret etmektedir\u201d ifadesine yer verildi. \u00d6te yandan, \u0130n\u015faat G\u00fcven Endeksi\u2019nin 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde e\u015fik de\u011fer olan 100\u2019\u00fcn alt\u0131nda kalmas\u0131 finansman ko\u015fullar\u0131n\u0131n yat\u0131r\u0131m i\u015ftah\u0131 ve dolay\u0131s\u0131yla eri\u015filebilir konut \u00fcretimi \u00fczerindeki bask\u0131s\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fc kaydedildi.<\/p>\n

Konut piyasas\u0131nda eri\u015filebilirlik sorunu belirleyici oluyor<\/strong><\/p>\n

Raporda, 2025 y\u0131l\u0131 sonunda 1,76 milyon adede ula\u015fan konut sat\u0131\u015f hacmine ra\u011fmen, talep taraf\u0131nda dengelenmenin sa\u011flanamad\u0131\u011f\u0131na dikkat \u00e7ekilirken, 2026 y\u0131l\u0131 Mart ay\u0131nda ilk el konut sat\u0131\u015flar\u0131n\u0131n y\u0131ll\u0131k bazda %1,3 artarak 35 bin 725 oldu\u011fu, ikinci el sat\u0131\u015flar\u0131n ise %3,6 azalarak 77 bin 642 seviyesine geriledi\u011fine i\u015faret edildi. Toplam sat\u0131\u015flar i\u00e7inde ikinci elin %68,5 pay ald\u0131\u011f\u0131na de\u011finilen raporda, yeni konut \u00fcretimi ile eri\u015filebilir talep aras\u0131ndaki dengenin kurulamad\u0131\u011f\u0131 vurguland\u0131. Ayr\u0131ca raporda, ipotekli sat\u0131\u015flar\u0131n %35,9 artmas\u0131na ra\u011fmen toplam i\u00e7indeki pay\u0131n\u0131n %22,9 seviyesinde kalmas\u0131, finansman ko\u015fullar\u0131n\u0131n konuta eri\u015fim \u00fczerindeki s\u0131n\u0131rlay\u0131c\u0131 etkisini s\u00fcrd\u00fcrd\u00fc\u011f\u00fcne i\u015faret edildi.<\/p>\n

S\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcmenin \u00fc\u00e7 ana belirleyicisi<\/strong><\/p>\n

Raporda, in\u015faat sekt\u00f6r\u00fcn\u00fcn \u00fcretim kabiliyetini korudu\u011funa de\u011finilen raporda, \u201cSekt\u00f6r\u00fcn istihdamdaki a\u011f\u0131rl\u0131\u011f\u0131 ekonomik stabiliteyi desteklese de b\u00fcy\u00fcmenin s\u00fcrd\u00fcr\u00fclebilirli\u011finin; konuta eri\u015filebilirli\u011fin art\u0131r\u0131lmas\u0131na, ye\u015fil d\u00f6n\u00fc\u015f\u00fcm standartlar\u0131na uyma ve kentsel d\u00f6n\u00fc\u015f\u00fcm\u00fcn \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131yla dengelenmesine ba\u011fl\u0131 oldu\u011fu anla\u015f\u0131lm\u0131\u015ft\u0131r. \u00d6n\u00fcm\u00fczdeki d\u00f6nemde ba\u015far\u0131 \u00f6l\u00e7\u00fct\u00fcn\u00fcn art\u0131k sadece \u00fcretim hacmiyle de\u011fil; k\u00e2rl\u0131l\u0131k y\u00f6netimi, dijital d\u00f6n\u00fc\u015f\u00fcm h\u0131z\u0131 ve kamunun s\u00fcr\u00fckledi\u011fi ivmeyi \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131yla destekleme kapasitesiyle \u00f6l\u00e7\u00fclece\u011fini g\u00f6stermi\u015ftir\u201d ifadelerine yer verildi.<\/p>\n

\"\"<\/p>\n

T\u00fcrkiye M\u00fcteahhitler Birli\u011fi\u2019nce 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finin de\u011ferlendirildi\u011fi raporda, in\u015faat sekt\u00f6r\u00fcne ili\u015fkin \u00f6zetle \u015fu tespitlere yer verildi:<\/strong><\/p>\n

\u0130N\u015eAAT \u00dcRET\u0130M\u0130NDE B\u00dcY\u00dcME S\u00dcR\u00dcYOR:\u00a0<\/strong>2025 y\u0131l\u0131nda %10,8 b\u00fcy\u00fcyen in\u015faat sekt\u00f6r\u00fc, genel ekonomik b\u00fcy\u00fcmenin \u00fczerinde performans g\u00f6stermi\u015ftir. 2026 y\u0131l\u0131 \u015eubat ay\u0131 itibar\u0131yla in\u015faat \u00fcretimi y\u0131ll\u0131k %5,9 artarken, sekt\u00f6r 13 \u00e7eyrektir devam eden kesintisiz b\u00fcy\u00fcme e\u011filimini korumu\u015ftur. Ancak b\u00fcy\u00fcmenin b\u00fcy\u00fck \u00f6l\u00e7\u00fcde kamu yat\u0131r\u0131mlar\u0131 ve deprem sonras\u0131 yeniden imar faaliyetlerine dayanmas\u0131, s\u00fcrd\u00fcr\u00fclebilirlik a\u00e7\u0131s\u0131ndan soru i\u015faretleri yaratm\u0131\u015ft\u0131r.<\/p>\n

F\u0130NANSMAN KO\u015eULLARI VE G\u00dcVEN ENDEKS\u0130 TEMK\u0130NL\u0130 G\u00d6R\u00dcN\u00dcME \u0130\u015eARET ED\u0130YOR:\u00a0<\/strong>2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde \u0130n\u015faat G\u00fcven Endeksi e\u015fik de\u011fer olan 100\u2019\u00fcn alt\u0131nda kalmaya devam etmi\u015f; Ocak ay\u0131nda 85,7, \u015eubat ay\u0131nda 83,9 ve Mart ay\u0131nda 80,6 seviyesinde ger\u00e7ekle\u015fmi\u015ftir. Y\u00fcksek finansman maliyetleri yat\u0131r\u0131m kararlar\u0131n\u0131 s\u0131n\u0131rlarken, sekt\u00f6r genelinde temkinli bir g\u00f6r\u00fcn\u00fcm h\u00e2kim olmu\u015ftur.<\/p>\n

KONUT P\u0130YASASINDA TALEP DENGES\u0130 KURULAMADI:\u00a0<\/strong>Mart ay\u0131nda ilk el konut sat\u0131\u015flar\u0131 %1,3 artarken, ikinci el sat\u0131\u015flar %3,6 azalm\u0131\u015ft\u0131r. Toplam sat\u0131\u015flar\u0131n %68,5\u2019inin ikinci elden ger\u00e7ekle\u015fmesi, yeni konut \u00fcretimi ile talep aras\u0131ndaki dengenin sa\u011flanamad\u0131\u011f\u0131n\u0131 g\u00f6stermi\u015ftir. \u0130potekli sat\u0131\u015flarda art\u0131\u015f g\u00f6zlense de toplam i\u00e7indeki pay\u0131n s\u0131n\u0131rl\u0131 kalmas\u0131, finansman ko\u015fullar\u0131n\u0131n talep \u00fczerindeki bask\u0131s\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fcne i\u015faret etmi\u015ftir.<\/p>\n

T\u0130CAR\u0130 GAYR\u0130MENKULDE YATIRIM \u0130\u015eTAHI SINIRLI:<\/strong>\u00a0\u0130\u015f yeri sat\u0131\u015flar\u0131nda hem ilk el hem ikinci el segmentinde daralma ya\u015fanm\u0131\u015ft\u0131r. Mart ay\u0131nda ilk el sat\u0131\u015flar %5,4, ikinci el sat\u0131\u015flar ise %12,3 oran\u0131nda azalm\u0131\u015ft\u0131r. Bu durum, ticari gayrimenkul taraf\u0131nda yat\u0131r\u0131m kararlar\u0131n\u0131n temkinli seyretti\u011fini g\u00f6stermi\u015ftir.<\/p>\n

C\u0130RO ENDEKS\u0130NDE ARTI\u015eA RA\u011eMEN DALGALI SEY\u0130R:\u00a0<\/strong>2026 y\u0131l\u0131 \u015eubat ay\u0131nda in\u015faat ciro endeksi y\u0131ll\u0131k %20,2 art\u0131\u015f g\u00f6sterirken, ayl\u0131k bazda %3,0 gerilemi\u015ftir. Bu g\u00f6r\u00fcn\u00fcm, sekt\u00f6rde faaliyetlerin dalgal\u0131 bir seyir izledi\u011fine i\u015faret etmi\u015ftir.<\/p>\n

YURT DI\u015eI M\u00dcTEAHH\u0130TL\u0130K H\u0130ZMETLER\u0130 ZAYIF BA\u015eLADI:\u00a0<\/strong>2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde yurt d\u0131\u015f\u0131nda \u00fcstlenilen proje tutar\u0131 780,3 milyon ABD Dolar\u0131 seviyesinde kalm\u0131\u015f ve toplam 9 proje ger\u00e7ekle\u015ftirilmi\u015ftir. K\u00fcresel jeopolitik gerilimler ve finansman ko\u015fullar\u0131ndaki s\u0131k\u0131l\u0131k, sekt\u00f6r\u00fcn yurt d\u0131\u015f\u0131 performans\u0131n\u0131 s\u0131n\u0131rlam\u0131\u015ft\u0131r. ABD-\u0130srail-\u0130ran geriliminin T\u00fcrk yurt d\u0131\u015f\u0131 m\u00fcteahhitlik hizmetlerine etkisi de\u011ferlendirildi\u011finde, T\u00fcrk m\u00fcteahhitlik firmalar\u0131n\u0131n \u0130ran\u2019da bug\u00fcne kadar toplam 4,6 milyar ABD Dolar\u0131 tutar\u0131nda proje \u00fcstlenmi\u015f oldu\u011fu, ancak son \u00fc\u00e7 y\u0131lda yeni proje \u00fcstlenilmemi\u015f olmas\u0131 nedeniyle mevcut durumda \u0130ran\u2019da devam eden i\u015f stoku bulunmad\u0131\u011f\u0131 g\u00f6r\u00fclm\u00fc\u015ft\u00fcr. Bu \u00e7er\u00e7evede, s\u00f6z konusu sava\u015f\u0131n sekt\u00f6re do\u011frudan s\u00f6zle\u015fme kayb\u0131 etkisinin s\u0131n\u0131rl\u0131 oldu\u011fu de\u011ferlendirilmektedir. Buna kar\u015f\u0131l\u0131k, ayn\u0131 d\u00f6nemde K\u00f6rfez \u00fclkelerinde yakla\u015f\u0131k 19 milyar ABD Dolar\u0131 tutar\u0131nda 93 proje \u00fcstlenilmi\u015f olmas\u0131; \u00f6zellikle Suudi Arabistan, Birle\u015fik Arap Emirlikleri ve Kuveyt\u2019in \u00f6ne \u00e7\u0131kmas\u0131, risklerin K\u00f6rfez pazarlar\u0131na y\u00f6nelik oldu\u011funa i\u015faret etmektedir. Bunun yan\u0131 s\u0131ra, s\u00fcrmekte jeopolitik gerginli\u011fin\u00a0K\u00f6rfez \u00fclkelerindeki kamu yat\u0131r\u0131m programlar\u0131 ve makroekonomik dengeler \u00fczerinde etkilerinin olabilece\u011fi de\u011ferlendirilmektedir. K\u0131sa vadede enerji fiyatlar\u0131ndaki art\u0131\u015f\u0131n baz\u0131 K\u00f6rfez ekonomilerinin gelirlerini destekleyebilece\u011fi, ancak \u00e7at\u0131\u015fman\u0131n uzamas\u0131 halinde g\u00fcvenlik harcamalar\u0131nda art\u0131\u015f, yat\u0131r\u0131m \u00f6nceliklerinde de\u011fi\u015fim ve proje karar s\u00fcre\u00e7lerinde yava\u015flama ya\u015fanabilece\u011fi \u00f6ng\u00f6r\u00fclmektedir. \u00d6zellikle son d\u00f6nemde yo\u011fun i\u015f \u00fcstlenilen Suudi Arabistan, Birle\u015fik Arap Emirlikleri ve Kuveyt pazarlar\u0131nda; yeni ihale kararlar\u0131nda temkinli yakla\u015f\u0131m, finansman s\u00fcre\u00e7lerinde gecikmeler ve i\u015fveren taraf\u0131nda riskten ka\u00e7\u0131nma e\u011filiminin artabilece\u011fi de\u011ferlendirilmektedir.<\/p>\n

JEOPOL\u0130T\u0130K R\u0130SKLER VE LOJ\u0130ST\u0130K MAL\u0130YETLER \u00d6NE \u00c7IKIYOR:\u00a0<\/strong>K\u00f6rfez b\u00f6lgesinde yo\u011funla\u015fan projeler \u00e7er\u00e7evesinde jeopolitik geli\u015fmeler; tedarik zincirlerinde aksama, sigorta ve ta\u015f\u0131mac\u0131l\u0131k maliyetlerinde art\u0131\u015f ve proje takvimlerinde gecikme risklerini beraberinde getirmi\u015ftir. Bu durumun, sekt\u00f6r\u00fcn operasyonel s\u00fcre\u00e7leri \u00fczerinde bask\u0131 olu\u015fturabilece\u011fi de\u011ferlendirilmektedir.<\/p>\n

B\u00dcY\u00dcMEN\u0130N S\u00dcRD\u00dcR\u00dcLEB\u0130L\u0130RL\u0130\u011e\u0130 \u00d6ZEL SEKT\u00d6R YATIRIMLARINA BA\u011eLI:\u00a0<\/strong>Mevcut b\u00fcy\u00fcmenin kamu yat\u0131r\u0131mlar\u0131 a\u011f\u0131rl\u0131kl\u0131 yap\u0131s\u0131, b\u00fct\u00e7e disiplini kapsam\u0131nda kamu harcamalar\u0131n\u0131n s\u0131n\u0131rland\u0131r\u0131lmas\u0131 durumunda sekt\u00f6r\u00fcn daralma riskiyle kar\u015f\u0131 kar\u015f\u0131ya kalabilece\u011fine i\u015faret etmektedir. S\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcmenin sa\u011flanmas\u0131, \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131n\u0131n yeniden devreye girmesine ba\u011fl\u0131 g\u00f6r\u00fcnmektedir.<\/p>\n

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T\u00fcrkiye M\u00fcteahhitler Birli\u011fi\u2019nin 2026 ilk \u00e7eyrek raporuna g\u00f6re in\u015faat sekt\u00f6r\u00fc b\u00fcy\u00fcmesini s\u00fcrd\u00fcrse de y\u00fcksek maliyetler, finansman ko\u015fullar\u0131 ve konuta eri\u015fim sorunu sekt\u00f6r\u00fcn s\u00fcrd\u00fcr\u00fclebilirli\u011fi a\u00e7\u0131s\u0131ndan risk olu\u015fturuyor.<\/p>\n","protected":false},"author":2,"featured_media":21635,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[7458,2728,2060,7459,7457],"class_list":["post-21630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analiz","tag-ekonomiraporu","tag-insaatsektoru","tag-konutpiyasasi","tag-muteahhitler","tag-tmb"],"yoast_head":"\n\u0130n\u015faat sekt\u00f6r\u00fcnde b\u00fcy\u00fcme s\u00fcr\u00fcyor, eri\u015filebilir konut bask\u0131s\u0131 art\u0131yor - Merceknet Haber<\/title>\n<meta name=\"robots\" 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