The housing bubble is starting to collapse.


When demand for new construction declines, developers will either reduce prices or go bankrupt.
The slowdown in housing prices is no coincidence. When second-hand sales dominate, demand discovery for new projects also disappears.
While the TCMB index slows down, real prices are declining in İzmir and many other provinces.
As credit volume shrinks, buyers withdraw, and inventories do not decrease.
Since the 1970s, financialization has placed the housing sector at the center of the credit cycle.
After every expansion, the same explosion occurred: the 2008 crisis is the biggest example.
Today, second-hand liquidity is dictating prices. The explosion is approaching.
The question is: who will pay the price this time?
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