There is a rising concern that house prices in Turkey are increasing at an unsustainable rate. According to the Turkish Central Bank’s data, Turkish house prices have consistently grown for the last several years. The chart below shows the rise in inflation adjusted housing prices…
Turkey’s house prices bull market momentum as a consequence of years of negative real interest rates policy, which is somehow called tight by Central Bank of Turkey, is rapidly translating into positive economic data as illustrated not by the unemployment rate surging to 9.9% in…
The biggest failure of modern capitalism has been the housing bubble that led a big financial crisis several years ago. The United States housing market collapsed following the increasing foreclosure rates, than huge loss for the banks by assets invested in mortgage market, unprecedented bail-outs…