IDEAS home Printed from https://ideas.repec.org/p/arz/wpaper/eres2021_226.html
   My bibliography  Save this paper

COVID-19 Impact on Turkish Real Estate Market: Analysis of a Credit-Driven Growth Model

Author

Listed:
  • Kerem Yavuz Arslanli

Abstract

In the first section, we investigate the outlook of the Turkish real estate market in the Pre-COVID era. The fundamentals were found to be not changing dramatically from previous studies. Cyclical credit growth patterns are detected as a matter of Government intervention to the markets. n the second part, we focus on credit expansion that led to the residential market boom. 1-year non-payment option made the mortgage market appealing. Other non-residential markets are in trouble which has ties to foreign consumption, especially the EU. In the third part of the paper, we tried to forecast how the market will perform under covid. The fast learning curve was expected to be on the side of tackle covid, but the 3rd wave becomes more severe and hits the casualties to a new high level. Office and retail are most affected and may not recover sooner than residential. Industry and logistics look very promising, but the consumption declines, and the new normal set the expenditures even low.

Suggested Citation

  • Kerem Yavuz Arslanli, 2021. "COVID-19 Impact on Turkish Real Estate Market: Analysis of a Credit-Driven Growth Model," ERES eres2021_226, European Real Estate Society (ERES).
    • Handle: RePEc:arz:wpaper:eres2021_226
    as

    Download full text from publisher

    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2021-226
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    COVID19; Credit Driven Growth; Real Estate Markets; Residential;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2021_226. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: https://edirc.repec.org/data/eressea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.