Real Estate Cycles and Assesment for Turkish Real Estate Markets
Coskun, Yener. (2013). Real Estate Cycles and Assesment for Turkish Real Estate Markets (Tasinmaz Piyasası Donguleri ve Ulkemiz Taşınmaz Piyasaları için Bir Degerlendirme). Iktisat ve Toplum Dergisi. 28: 71-82
11 Pages Posted: 5 Apr 2013
Date Written: March 1, 2013
Abstract
Real estate bubble risk is currently one of the most widely debated topics for Turkish housing markets.
The latest VAT regulation of Turkish government, unsold housing units in the market, growing credit portfolio of housing-construction sectors seem critical factors in this perception. The paper aims to analyze housing-construction risks of Turkish markets by specifically focusing on financial crisis originated from the risks of housing markets in Turkey and other countries. Based on the analysis in the paper, we argue that policy makers and market players should be careful on the potential risks of the market in the near future.
Keywords: Real estate, bubble, mortgage
JEL Classification: G21, O18, G01
Suggested Citation: Suggested Citation