The calendar-adjusted production index in Turkey’s construction industry increased by 3.3% year-on-year in the third quarter. This follows a 1.8% y-o-y rise in Q2, according to the Turkish Statistical Institute (TUIK).

The seasonally and calendar-adjusted production index in construction climbed up 0.7% in Q3 compared with the previous quarter, after rising by 1.5% in Q2 over Q1, TUIK says in a statement seen by Kallanish.

The turnover index in the country’s construction sector climbed up by 1.2% on-year in Q3 after declining by -1.6% y-o-y in Q2. On a quarter-on-quarter basis turnover increased by 1.1% in Q3 after a -3.1% fall in Q2.

TSKB Real Estate Appraisal, Industrial Development Bank of Turkey’s (TSKB) real estate valuation services unit, expects a 12% rise in real estate sales volume in Turkey to 1.25 million-1.3 million houses in 2015.

A resurgence in the market is observed with the increase in year-end sales campaigns and in purchases, deferred due to the November elections, the company’s general manager, Makbule Yonel Maya, tells news agency Anadolu Ajansi.

Turkey’s domestic rebar demand is driven solely by the construction sector.