How Do We Create a Housing Affordability Crisis: Türkiye Case

Levent Sümer ()
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Levent Sümer: Boğaziçi University

Chapter Chapter 5 in The Global Housing Crisis, 2024, pp 111-138 from Springer

Abstract: Abstract This chapter is a case study of Türkiye, where housing prices and rents have increased the most in Europe. The relationship between inflation and interest rates, how an untimely decrease in interest rates skyrocketed inflation and surged housing prices, the decline in affordability, the number of sales, the impact of refugees, sales to foreigners, political conflicts, and the policies implied are analyzed.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-72604-0_5

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DOI: 10.1007/978-3-031-72604-0_5

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