Having the second largest housing market, Ankara continues to grow stronger and attracts investors by hosting a great deal of new projects in the recent years. Along with the stable growth in Turkey’s economy which has taken place since the early 2000s, the mobility in the housing market goes on. There has been an increase in the supply and demand of housing in high, medium and lower segments in cities such as Istanbul, Ankara, Izmir, Bursa and Adana due to the population density. And in Ankara, featuring the second largest housing market in Turkey, the market goes on to grow and develop without a slowdown. Attracting the investors with a great deal of new projects, the housing market in Ankara stays the course in becoming a rival to Istanbul. Due to the stable demand arising from the per capita income level which is 20 percent higher than Turkey’s average and public sector employees who have job security, Ankara holds a very important place in the housing industry. Monthly housing sales figures announced by Turkish Statistical Institute (TUIK) prove Ankara’s weight in the market. According to these figures, 10,437 houses were sold in Ankara in June 2014 and with this figure, Ankara was right behind Istanbul in the list and had a share of 11.2 percent in the nation-wide housing sales. DEVELOPMENT THROUGH FOUR ROADS Requiring nearly 430,000 new houses until the end of 2015, Ankara carries out its development through four main roads, namely Eskişehir road, Istanbul road, Konya road and Samsun road. Since bureaucratic institutions, universities and new satellite projects are located in the southwest axle of the city, Eskişehir Road has become an area mainly preferred by academicians and bureaucrats and large projects, estates and real estate constructions go on without a slowdown. In addition, the fact that the people living in residential areas such as Çukurambar, Bilkent, Beysukent, Ümitköy, Çayyolu and Yaşamkent have all the required means despite the distance of these areas to the city center, makes the area to favoured locations for large and medium sized real estate investors. Continuing to develop with industrial zones, shop ping malls, cluster housing, cooperative and new establishment projects located in west and northwest axles of Ankara, Istanbul road gained further importance with the arrival of subway. Consequently, districts such as Eryaman, Sincan- Yenikent, Batıkent, Elvankent and Etimesgut acquired value. Etimesgut-Eryaman area, which is considered to be the second most dense location of housing production in Ankara, is preferred by middle-higher middle income people. INCREASED IMPORTANCE OF INCEK Konya Road, luxurious business centers, residences and qualified projects provided a new appearance and attracted the attention of buyers. While it is expected that the Incek axle to gain importance in the coming days, Incek Loft Project, carried out by Akfen Constructing, adds value to the region. Featuring a capacity of 1135 houses, more than 600 houses have been sold within the Incek Loft Project until today. While a lot of developments are planned for the west and northeast axle in addition to the urban development projects in the east axle of the Capital, the southwest axle is expected to be the focal point of the city. LUXURY HOUSING INDUSTRY IMPROVES Batıkent, NATO Road and its surroundings in Mamak, Bağlum District in Keçiören, Pursaklar and Örencik District in Gölbaşı are just some of the developing places in the city... Major players of real estate industry have set their eyes on Ankara, which has become the home base for branded projects. With luxury housing projects focusing on this city, the demand towards the area including Çankaya, Çukurambar, Çayyolu-Ümitköy and Oran increased. Söğütözü, Çukurambar, Beytepe, Çayyolu, Yaşamkent, Oran, İncek and Mamak are first among the most favorable districts. The city’s appearance changes with the one story slums in Çukurambar being replaced with offices and Ankara acquires a modern look just like the prominent Capitals around the world with publicly owned lands put at the disposal of the private sector, numerous hotels, business centers, houses, health facilities, shopping malls and public buildings are being constructed at Eskişehir Road, Konya Road and Çukurambar. Developing towards west and south, in Ankara, the elite class prefers Çankaya, where the presidential palace is located, while Tunalı Hilmi Street, Gaziosmanpaşa and Kavaklıdere continues to improve. Business centers in office style, which are rapidly developing around Gaziosmanpaşa, Kızılay, Çankaya, Kavaklıdere and Tunalı Hilmi, boosts the social life there. Additionally, Ayrancı, Oran, Beysukent, Bilkent, Esat, Ümitköy and Dikmen are among the regions with high income, whose lower section is developed and brings Ankara forward as the most important centers of real estate industry. A RECORD IN THE AREA OF INCEK Ankara has become the new favorite in the luxury housing market. I believe the fact that the level of demand is satisfactory, along with the high level of supply, is a precursor to numerous new projects in the future. As Akfen Holding, we entered the housing market in Ankara with the Incek Loft project and we are in search of a field in Ankara where we can develop a project in a shortly manner and we established several alternatives regarding this idea. We have already exceeded our goal of selling 400 houses in Incek Loft, which can be regarded as challenging for the Ankara market. We have reached really close to the optimal goal that we have anticipated by selling more than 600 at the end of the campaign and set a record in Incek which can't be easily repeated. We have a 1.000 decare land in Tulumtaş which we are considering putting to good use in a long term. The size of the project that we are going to realize here will be determined by the demand directed at our short and medium term projects. INCREASED MOBILITY IN LUXURY HOUSING IN ANKARA Before 2002, Ankara had a structure renowned and defined as "a city of the civil servants". However, the dynamism in the recent years, especially in the economic domain, considerably changed the status of Ankara and the city has gone through various developments. When residents in the capital developed an interest in new settlements, which came about through modern technologies, as was the case with Istanbul, mobility in the area, which we can define as luxury housing, increased in Ankara as well. However, no matter how fast Ankara develops, it is difficult to say whether, in terms of its luxury housing market, the city can really be an alternative to Istanbul, because the purchasing power of the people in Istanbul who have an interest in luxury housing is considerably higher than the people of the capital. Additionally, in Istanbul, there is a broad investment potential arising from the city's population and ever increasing settlement structure. Istanbul, as a European city, is an attraction center, not just for Turkey, but also for all investing countries. Therefore, it would be a more appropriate approach to consider the housing market in Istanbul in a separate evaluation.