Commentary: Turkey’s Surreal Real Estate Bubble: On Its Last Legs?

[embed]https://www.youtube.com/watch?v=sBGGyax2-fc&t=2s[/embed]
Turkey’s Surreal Real Estate Bubble: On Its Last Legs?
- Japan’s economic miracle ended with a real estate crisis in 1989. China seems to be on its way to “Japanification” because of a real estate bubble.
- Global real estate prices are declining thanks to tighter financial conditions.
- Turkey is one of the few outliers, with house prices rising by 60% in real and 80% in dollar terms YoY.
- Could Turkey face the fate of Japan and China?
- If so, WHEN? What would be the implications for the economy?