{"id":51127,"date":"2026-10-28T10:34:13","date_gmt":"2026-10-28T07:34:13","guid":{"rendered":"https:\/\/emlaktuel.com\/?p=51127"},"modified":"2026-10-28T10:34:13","modified_gmt":"2026-10-28T07:34:13","slug":"insaat-sektoru-yurt-icinde-maliyet-yurt-disinda-jeopolitik-risk-kiskacinda","status":"publish","type":"post","link":"https:\/\/emlaktuel.com\/?p=51127","title":{"rendered":"\u0130n\u015faat sekt\u00f6r\u00fc yurt i\u00e7inde maliyet yurt d\u0131\u015f\u0131nda jeopolitik risk k\u0131skac\u0131nda"},"content":{"rendered":"

T\u00fcrkiye M\u00fcteahhitler Birli\u011fi (TMB), 2026 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fine ait \u0130n\u015faat Sekt\u00f6r\u00fc Analizi Raporu\u2019nu yay\u0131mlad\u0131. Raporda, in\u015faat sekt\u00f6r\u00fcn\u00fcn y\u0131l\u0131n ikinci \u00e7eyre\u011finde %1,9 daralmas\u0131yla son y\u0131llardaki b\u00fcy\u00fcme e\u011filiminin kesintiye u\u011frad\u0131\u011f\u0131 belirtilirken, y\u00fcksek finansman ve i\u015f\u00e7ilik maliyetleri ile \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131ndaki zay\u0131flaman\u0131n sekt\u00f6r \u00fczerindeki bask\u0131s\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fc ifade edildi. Kamu yat\u0131r\u0131mlar\u0131 ve deprem b\u00f6lgesindeki yeniden in\u015fa faaliyetlerinin sekt\u00f6r\u00fc desteklemeye devam etti\u011fi, buna kar\u015f\u0131n yurt d\u0131\u015f\u0131 m\u00fcteahhitlik hizmetlerinde jeopolitik belirsizlikler ve k\u00fcresel finansman ko\u015fullar\u0131n\u0131n proje \u00fcstlenimlerini s\u0131n\u0131rlad\u0131\u011f\u0131 vurguland\u0131.<\/span><\/strong><\/p>\n

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Ekonominin genelinde 200\u2019\u00fcn \u00fczerinde alt sekt\u00f6re yaratt\u0131\u011f\u0131 talep ve istihdam g\u00fcc\u00fcyle lokomotif rol \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 yak\u0131ndan takip edilen \u0130n\u015faat Sekt\u00f6r\u00fc Analizi Raporu\u2019nun 2026 y\u0131l\u0131 \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek say\u0131s\u0131n\u0131 yay\u0131mlad\u0131. \u201cK\u00fcresel Ekonominin Yeni Fay Hatlar\u0131\u201d<\/strong> ba\u015fl\u0131kl\u0131 raporda, yurt i\u00e7i ekonomik geli\u015fmeler, in\u015faat sekt\u00f6r\u00fcne ili\u015fkin temel g\u00f6stergeler ve yurt d\u0131\u015f\u0131 m\u00fcteahhitlik hizmetlerinin performans\u0131 birlikte de\u011ferlendirilerek sekt\u00f6r\u00fcn mevcut g\u00f6r\u00fcn\u00fcm\u00fc ile \u00f6n\u00fcm\u00fczdeki d\u00f6neme ili\u015fkin beklentiler ele al\u0131nd\u0131.<\/p>\n

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Konut talebindeki zay\u0131flama b\u00fcy\u00fcmeyi s\u0131n\u0131rl\u0131yor<\/strong><\/p>\n

Raporda, T\u00fcrkiye ekonomisinin 2026 y\u0131l\u0131n\u0131n ikinci \u00e7eyre\u011finde %2,3 b\u00fcy\u00fcd\u00fc\u011f\u00fc, ayn\u0131 d\u00f6nemde in\u015faat sekt\u00f6r\u00fcn\u00fcn ise %1,9 darald\u0131\u011f\u0131 hat\u0131rlat\u0131ld\u0131. B\u00f6ylece son y\u0131llarda ekonominin \u00fczerinde b\u00fcy\u00fcme performans\u0131 sergileyen in\u015faat sekt\u00f6r\u00fcn\u00fcn b\u00fcy\u00fcme e\u011filiminin kesintiye u\u011frad\u0131\u011f\u0131na dikkat \u00e7ekildi. Sekt\u00f6rdeki daralmada y\u00fcksek finansman maliyetleri, s\u0131k\u0131 kredi ko\u015fullar\u0131 ve \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131ndaki temkinli yakla\u015f\u0131m\u0131n belirleyici oldu\u011fu de\u011ferlendirilirken, deprem b\u00f6lgesindeki yeniden in\u015fa faaliyetleri ile kamu yat\u0131r\u0131mlar\u0131n\u0131n sekt\u00f6r\u00fc desteklemeyi s\u00fcrd\u00fcrd\u00fc\u011f\u00fc, buna kar\u015f\u0131n konut talebindeki zay\u0131flaman\u0131n b\u00fcy\u00fcme performans\u0131n\u0131 s\u0131n\u0131rlad\u0131\u011f\u0131 kaydedildi.<\/p>\n

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\u00d6te yandan, 2026 y\u0131l\u0131n\u0131n ikinci \u00e7eyre\u011finde zincirlenmi\u015f hacim endeksine g\u00f6re toplam sabit sermaye yat\u0131r\u0131mlar\u0131 %0,6 artarken, in\u015faat yat\u0131r\u0131mlar\u0131n\u0131n %0,9 azald\u0131\u011f\u0131 belirtilen raporda, sekt\u00f6r\u00fcn toplam istihdam i\u00e7erisindeki pay\u0131n\u0131n %6,8 seviyesinde ger\u00e7ekle\u015fti\u011fi ifade edildi. T\u00dc\u0130K taraf\u0131ndan a\u00e7\u0131klanan \u0130n\u015faat Maliyet Endeksi’nin 2026 y\u0131l\u0131 A\u011fustos ay\u0131nda ayl\u0131k %2,04, y\u0131ll\u0131k %29,59 artt\u0131\u011f\u0131 belirtildi. Malzeme maliyetleri ayl\u0131k %2,73, y\u0131ll\u0131k %28,72 y\u00fckselirken, i\u015f\u00e7ilik maliyetlerindeki art\u0131\u015f s\u0131ras\u0131yla %0,82 ve %31,20 oldu. Ayn\u0131 d\u00f6nemde bina in\u015faat\u0131 maliyet endeksi y\u0131ll\u0131k %28,94, bina d\u0131\u015f\u0131 yap\u0131lar i\u00e7in in\u015faat maliyet endeksi ise %31,68 art\u0131\u015f kaydetti. A\u011fustos ay\u0131nda maliyet art\u0131\u015f\u0131n\u0131n ayl\u0131k bazda \u00f6zellikle malzeme fiyatlar\u0131nda belirginle\u015fti\u011fi g\u00f6r\u00fcl\u00fcrken, y\u0131ll\u0131k bazda i\u015f\u00e7ilik maliyetlerinin y\u00fcksek seyri sekt\u00f6r\u00fcn k\u00e2rl\u0131l\u0131\u011f\u0131 \u00fczerindeki bask\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fcne i\u015faret etti. Finansman giderleriyle birlikte artan maliyetler, yeni yat\u0131r\u0131m ve proje kararlar\u0131nda temkinli yakla\u015f\u0131m\u0131n devam etmesine neden oldu.<\/p>\n

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T\u00fcrkiye M\u00fcteahhitler Birli\u011fi\u2019nce 2026 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finin de\u011ferlendirildi\u011fi raporda, in\u015faat sekt\u00f6r\u00fcne ili\u015fkin \u00f6zetle \u015fu tespitlere yer verildi:<\/strong><\/p>\n

 <\/strong><\/p>\n

\u00dcRET\u0130M G\u00d6STERGELER\u0130NDE TOPARLANMA, C\u0130RODA AYLIK GER\u0130LEME:<\/strong><\/p>\n

T\u00dc\u0130K verilerine g\u00f6re, A\u011fustos ay\u0131nda in\u015faat sekt\u00f6r\u00fc ciro endeksi y\u0131ll\u0131k bazda %19,2 artarken, ayl\u0131k bazda %3,7 gerilemi\u015ftir. Ayn\u0131 d\u00f6nemde sanayi, in\u015faat, ticaret ve hizmet sekt\u00f6rleri toplam ciro endeksi y\u0131ll\u0131k %31,8, ayl\u0131k %3,0 art\u0131\u015f kaydetmi\u015ftir. Buna kar\u015f\u0131l\u0131k in\u015faat \u00fcretim endeksi A\u011fustos ay\u0131nda y\u0131ll\u0131k %2,3, ayl\u0131k %4,0 y\u00fckselmi\u015ftir. Alt sekt\u00f6rlerde bina in\u015faat\u0131 \u00fcretimi y\u0131ll\u0131k %0,9 azal\u0131rken, bina d\u0131\u015f\u0131 yap\u0131lar\u0131n in\u015faat\u0131nda %21,8, \u00f6zel in\u015faat faaliyetlerinde ise %0,1 art\u0131\u015f ger\u00e7ekle\u015fmi\u015ftir. \u00dcretim hacmindeki ayl\u0131k toparlanmaya kar\u015f\u0131n ciro endeksinin gerilemesi, sekt\u00f6rde nominal gelirler ile \u00fcretim faaliyetlerinin ayn\u0131 y\u00f6nde hareket etmedi\u011fini g\u00f6stermi\u015ftir.<\/p>\n

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SEKT\u00d6RDE G\u00dcVEN VE BEKLENT\u0130LER ZAYIF SEYR\u0130N\u0130 KORUYOR:<\/strong><\/p>\n

\u0130n\u015faat G\u00fcven Endeksi, Eyl\u00fcl ay\u0131nda bir \u00f6nceki aya g\u00f6re %0,2 gerileyerek 83,0 seviyesinde ger\u00e7ekle\u015fmi\u015ftir. Endeksin 100 e\u015fik de\u011ferinin alt\u0131nda kalmay\u0131 s\u00fcrd\u00fcrmesi, sekt\u00f6rde mevcut faaliyetlere ve gelecek d\u00f6neme ili\u015fkin beklentilerde k\u00f6t\u00fcmser g\u00f6r\u00fcn\u00fcm\u00fcn devam etti\u011fini ortaya koymu\u015ftur. Al\u0131nan kay\u0131tl\u0131 sipari\u015flerin mevcut d\u00fczeyi %1,9 art\u0131\u015fla 80,4’e y\u00fckselirken, gelecek \u00fc\u00e7 ayl\u0131k d\u00f6nemde toplam \u00e7al\u0131\u015fan say\u0131s\u0131na ili\u015fkin beklenti %2,1 azalarak 85,5’e gerilemi\u015ftir. T\u00fcrkiye \u0130MSAD taraf\u0131ndan a\u00e7\u0131klanan \u0130n\u015faat Malzemesi Sanayi Bile\u015fik Endeksi de A\u011fustos ay\u0131nda 1,1 puan d\u00fc\u015f\u00fc\u015fle 72,0 seviyesine inmi\u015ftir. Faaliyet, g\u00fcven ve beklenti alt endekslerinin tamam\u0131nda gerileme kaydedilmesi, sekt\u00f6rdeki ihtiyatl\u0131 g\u00f6r\u00fcn\u00fcm\u00fcn in\u015faat malzemesi sanayisine de yans\u0131d\u0131\u011f\u0131n\u0131 g\u00f6stermi\u015ftir.<\/p>\n

KONUT SATI\u015eLARINDA \u0130K\u0130NC\u0130 EL SEGMENT\u0130NDEK\u0130 GER\u0130LEME BEL\u0130RLEY\u0130C\u0130 OLDU:<\/strong><\/p>\n

T\u00fcrkiye genelinde toplam konut sat\u0131\u015flar\u0131 Eyl\u00fcl ay\u0131nda bir \u00f6nceki y\u0131l\u0131n ayn\u0131 ay\u0131na g\u00f6re %9,3 azalarak 142 bin 390 adet olarak ger\u00e7ekle\u015fmi\u015ftir. \u0130lk el konut sat\u0131\u015flar\u0131 %3,9 art\u0131\u015fla 51 bin 519 adede y\u00fckselirken, ikinci el sat\u0131\u015flar %15,3 azalarak 90 bin 871 adede gerilemi\u015ftir. B\u00f6ylece toplam sat\u0131\u015flar i\u00e7erisinde ilk el konutlar\u0131n pay\u0131 %36,2, ikinci el konutlar\u0131n pay\u0131 ise %63,8 olmu\u015ftur. Ocak-Eyl\u00fcl d\u00f6neminde toplam konut sat\u0131\u015flar\u0131 %7,2 azalarak 1 milyon 92 bin 919 adede gerilemi\u015ftir. \u0130lk el sat\u0131\u015flar\u0131n ayn\u0131 d\u00f6nemde %0,6, ikinci el sat\u0131\u015flar\u0131n ise %10,0 azalmas\u0131, konut piyasas\u0131ndaki y\u0131ll\u0131k gerilemede ikinci el segmentinin belirleyici oldu\u011funu ortaya koymu\u015ftur.<\/p>\n

KONUT P\u0130YASASINDA F\u0130NANSMAN BASKISI DEVAM ED\u0130YOR:<\/strong><\/p>\n

Eyl\u00fcl ay\u0131nda ipotekli konut sat\u0131\u015flar\u0131 y\u0131ll\u0131k bazda %5,1 artarak 23 bin 397 adede y\u00fckselirken, di\u011fer sat\u0131\u015flar %11,6 azal\u0131\u015fla 118 bin 993 adet olarak ger\u00e7ekle\u015fmi\u015ftir. \u0130potekli sat\u0131\u015flar\u0131n toplam sat\u0131\u015flar i\u00e7erisindeki pay\u0131 %16,4 seviyesinde kalm\u0131\u015ft\u0131r. Ocak-Eyl\u00fcl d\u00f6neminde ipotekli sat\u0131\u015flar %24,7 artarak 212 bin 210 adede ula\u015f\u0131rken, di\u011fer sat\u0131\u015flar %12,5 gerilemi\u015ftir. \u0130potekli sat\u0131\u015flardaki art\u0131\u015f kredi kanal\u0131yla konut talebinde hareketlenmeye i\u015faret etmekle birlikte, toplam sat\u0131\u015flar i\u00e7erisindeki pay\u0131n\u0131n s\u0131n\u0131rl\u0131 kalmas\u0131 finansman ko\u015fullar\u0131ndaki zorluklar\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc g\u00f6stermi\u015ftir. Y\u00fcksek konut fiyatlar\u0131 ve hanehalk\u0131n\u0131n sat\u0131n alma g\u00fcc\u00fc \u00fczerindeki bask\u0131lar da konut talebini s\u0131n\u0131rlamaya devam etmi\u015ftir.<\/p>\n

KONUT F\u0130YATLARINDA REEL GER\u0130LEME S\u00dcR\u00dcYOR:<\/strong><\/p>\n

T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) taraf\u0131ndan a\u00e7\u0131klanan Konut Fiyat Endeksi, Eyl\u00fcl ay\u0131nda bir \u00f6nceki aya g\u00f6re %1,2 artarak 239,4 seviyesine y\u00fckselmi\u015ftir. Endeks y\u0131ll\u0131k bazda nominal olarak %22,3 artarken, reel olarak %5,7 azalm\u0131\u015ft\u0131r. B\u00f6ylece konut fiyatlar\u0131nda nominal art\u0131\u015f devam etmesine kar\u015f\u0131n enflasyondan ar\u0131nd\u0131r\u0131lm\u0131\u015f fiyatlardaki gerileme s\u00fcrm\u00fc\u015ft\u00fcr. Eyl\u00fcl ay\u0131nda konut fiyatlar\u0131 ayl\u0131k bazda \u0130stanbul’da %2,0, Ankara’da %0,1 ve \u0130zmir’de %1,0 artarken, y\u0131ll\u0131k art\u0131\u015f oranlar\u0131 s\u0131ras\u0131yla %26,8, %22,0 ve %21,0 olarak ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n

YAPI RUHSATLARINDAK\u0130 HAREKETL\u0130L\u0130K TAMAMLANAN YAPILARA AYNI \u00d6L\u00c7\u00dcDE YANSIMADI:<\/strong><\/p>\n

2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde yap\u0131 ruhsat\u0131 verilen bina say\u0131s\u0131 y\u0131ll\u0131k %19,6, daire say\u0131s\u0131 %37,0 ve toplam y\u00fcz\u00f6l\u00e7\u00fcm\u00fc %26,1 artm\u0131\u015ft\u0131r. Ayn\u0131 d\u00f6nemde yap\u0131 kullanma izin belgesi verilen bina say\u0131s\u0131 %4,8, daire say\u0131s\u0131 %10,1 ve toplam y\u00fcz\u00f6l\u00e7\u00fcm\u00fc %3,5 y\u00fckselmi\u015ftir. Yap\u0131 ruhsatlar\u0131nda kaydedilen \u00e7ift haneli art\u0131\u015flar yeni yap\u0131 \u00fcretimine y\u00f6nelik faaliyetlerde geni\u015flemeye i\u015faret ederken, yap\u0131 kullanma izin belgelerindeki daha s\u0131n\u0131rl\u0131 art\u0131\u015f, ruhsat a\u015famas\u0131ndaki hareketlili\u011fin tamamlanan yap\u0131lara ayn\u0131 \u00f6l\u00e7\u00fcde yans\u0131mad\u0131\u011f\u0131n\u0131 g\u00f6stermi\u015ftir.<\/p>\n

YURT DI\u015eI M\u00dcTEAHH\u0130TL\u0130K H\u0130ZMETLER\u0130NDE \u0130VME KAYBI S\u00dcR\u00dcYOR:<\/strong><\/p>\n

Raporda, y\u0131l\u0131n ilk dokuz ay\u0131nda 4,9 milyar ABD Dolar\u0131 tutar\u0131nda 97 proje \u00fcstlenen yurt d\u0131\u015f\u0131 m\u00fcteahhitlik hizmetlerinin k\u00fcresel finansman ko\u015fullar\u0131 ve jeopolitik geli\u015fmelerin etkisiyle zay\u0131f seyrini s\u00fcrd\u00fcrd\u00fc\u011f\u00fc belirtildi. Yurt d\u0131\u015f\u0131nda i\u015f \u00fcstlenilen \u00fclke say\u0131s\u0131 ise Kanada ile birlikte 139’a y\u00fckselirken, y\u0131l\u0131n ilk \u00fc\u00e7 \u00e7eyre\u011finde en \u00e7ok i\u015f \u00fcstlenilen \u00fclke 1,1 milyar ABD Dolar\u0131 ile Suudi Arabistan oldu. Listede 670 milyon ABD Dolar\u0131 ile Romanya ikinci, 635,8 milyon ABD Dolar\u0131 ile Libya \u00fc\u00e7\u00fcnc\u00fc s\u0131rada yer ald\u0131. \u00d6zellikle Orta Do\u011fu ba\u015fta olmak \u00fczere \u00f6nemli pazarlardaki belirsizliklerin yat\u0131r\u0131m kararlar\u0131 ve proje finansman\u0131 \u00fczerinde bask\u0131 olu\u015fturdu\u011fu ifade edilen raporda, T\u00fcrk in\u015faat sekt\u00f6r\u00fcn\u00fcn uluslararas\u0131 pazarlardaki g\u00fc\u00e7l\u00fc konumunu korudu\u011funa dikkat \u00e7ekildi. Engineering News-Record (ENR) Dergisi’nin 2026 y\u0131l\u0131 \u201cD\u00fcnyan\u0131n En B\u00fcy\u00fck 250 Uluslararas\u0131 M\u00fcteahhidi\u201d listesinde T\u00fcrkiye’nin 49 firmayla \u00c7in’in ard\u0131ndan ikinci s\u0131radaki yerini korumas\u0131n\u0131n, sekt\u00f6r\u00fcn k\u00fcresel rekabet g\u00fcc\u00fcn\u00fc ortaya koydu\u011fu vurguland\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"

T\u00fcrkiye M\u00fcteahhitler Birli\u011fi (TMB), 2026 y\u0131l\u0131n\u0131n \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fine ait \u0130n\u015faat Sekt\u00f6r\u00fc Analizi Raporu\u2019nu yay\u0131mlad\u0131. Raporda, in\u015faat sekt\u00f6r\u00fcn\u00fcn y\u0131l\u0131n ikinci \u00e7eyre\u011finde %1,9 daralmas\u0131yla son y\u0131llardaki b\u00fcy\u00fcme e\u011filiminin kesintiye u\u011frad\u0131\u011f\u0131 belirtilirken, y\u00fcksek finansman ve i\u015f\u00e7ilik maliyetleri ile \u00f6zel sekt\u00f6r yat\u0131r\u0131mlar\u0131ndaki zay\u0131flaman\u0131n sekt\u00f6r \u00fczerindeki bask\u0131s\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fc ifade edildi. Kamu yat\u0131r\u0131mlar\u0131 ve deprem b\u00f6lgesindeki yeniden in\u015fa faaliyetlerinin sekt\u00f6r\u00fc desteklemeye […]<\/p>\n","protected":false},"author":1,"featured_media":42378,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[5388],"tags":[],"_links":{"self":[{"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/posts\/51127"}],"collection":[{"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51127"}],"version-history":[{"count":1,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/posts\/51127\/revisions"}],"predecessor-version":[{"id":51128,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/posts\/51127\/revisions\/51128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=\/wp\/v2\/media\/42378"}],"wp:attachment":[{"href":"https:\/\/emlaktuel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emlaktuel.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}