Turkey’s housing collapse is resembling China

Turkey’s housing collapse is resembling China
This video advances a very bold proposal: Turkish housing market is beginning to collapse irreversibly; and factors behind it are increasingly resembling those of China. The exposition consists of four sections and a bonus.
The state of play in the Chinese housing-cum-property development industry: Why it will get worse, adding to weak consumption, bad loans in banks and the global concern about China’s rapidly expanding export capacity.
The resemblances between Chinese crisis and the onset of Turkey’s housing collapse: Let’s start with the erroneous conviction that eventually triggered every financial crisis in history: The price of something will go up forever, and move on to other subtle aspects which bear resemblance.
The evidence that Turkey’s housing collapse has started: In April real prices declined first time in over five years.
Why is this process irreversible? It will take at least three years to find a bottom.
Now, the unique and peculiar aspect of Tukey’s real estate woes: The urgency of urban renewal, or earthquake proofing physical structures across the nation.
The bonus: Demographics of China and Turkey which may render house price deflation permanent.
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[@LookHereNoMore]

It's refreshing to see someone finally making sense of the chaos I observed. I agree that the housing market is significantly overinflated. In many areas, housing prices seem irrational. While I'm not certain there will be a complete collapse, I do anticipate a major correction that will compel homeowners to significantly lower their asking prices.

[@falcontechnics]

The information you provide is very important. We listen seriously and get informed. We thank you.

[@mindful47]

Merhaba i Just came back from my Turkey holiday. İstanbul is very expensive now. I used to be able to buy a pair of Mavi jeans at about $35 Singapore dollars. Now it is $50 Singapore dollars.

[@burhankaranjia9130]

Thank you for the lovely video but please in your future video can you have better audio

[@architekturapodrozy]

Thank you for your video. You have a loyal audience from Poland :)

[@sorinmiliescu]

With my best regards from Cyprus. Mate, you look very tired, i hope all is OK.....

It is the heat. Thks for your concern. This old car is good for a couple more miles

[@yrsa_usa3775]

Very interesting, thank you for your videos. I believe that Turkey has a great future.

[@samankucher5117]

very interesting... the similarities probably are not just in the housing market the rise ans stagnation of both Turkey and china look similar too at a first glance.

There are demographic similiarities. Turkey is aging rapidly.

[@samankucher5117]

interrupting. i didn't know that i thought the average age of a person in Turkey is un its 20 or 30 like the other bordering countries.

[@docselva]

world class indeed

[@oakyurt]

Seviliyorsun Atilla abi. Saygılar

[@Hamid-et4oj]

We also like your videos

[@paolosusanni1069]

😅 Wow. So many videos in this period.

[@mindful47]

I have a question. Didn't Turkey have Toki houses which are affordable? Can single and un married people buy Toki houses? Is Toki houses expensive even for the locals? I have visited Toki houses and find that the quality is good.

Yes, TOKI does build affordable housing but in very limited quantities.

[@barissusar1]

Atilla abi, i like you very much with all due respect there is a huge supply surplus in China, in Turkey prices are driven by the demand and it is getting harder to find property. So the "resemblance" you mention is more like a click bait.

It is certainly true that it is hard to find property that is affordable. I don't do click bait, but reasoable people may disagree with my reasoning. Click bait would be somethnig like SHOCKER! Turkish economy sinking in a month

[@user-jo3pm2lc9i]

We also resemble China when it comes to authoritarian presidents, corruption and in the way people are treated. I'm not surprised this turned out to be the case as well. They took China as a role model so bad that it's a wonder how this pays off this late.

Right on. May I call Erdo Little Xi?

[@SiyabongaMinenhle]

GLORY!!!I'm favoured, $255k every 3weeks! I can now afford anything and also support God's work and the church.

[@AlbertSolomon-dk1wf]

I'm genuinely curious to know how you earn that much weekly

[@AlbertSolomon-dk1wf]

Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down of myself because of low finance but I still believe in God.

[@SiyabongaMinenhle]

Big thanks to Elizabeth Marie Hawley

[@SiyabongaMinenhle]

I started pretty low though, $1200 thereabouts. The returns came massive. Joey is in school doing well, telling me of new friends he's meeting in school. Thank you Elizabeth, you're a miracle

[@GwendolynVinson]

Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.🙏🙏

[@88peyote]

Always good to hear your brilliant insights ser! Please don't stop shooting this videos as I don't have money for private consultant about Turkish economy/politics 🥲😉 On serious note: I guess many of real estate investors in TR may ask themselves: -why the hell I am still holding my rental units instead of cashing out 50% yield from bank deposit? I mean you need to trust the banks and maybe that's the problem in Turkey that trust is lost...

Exactly. With dollar/TL unlikely to move at all over summer months. TL yield on dpeosits is a pure dollar gain