EFFECTS OF NEOLIBERAL ECONOMY ON HOUSING MARKET IN TURKEY

Abstract

Housing could be defined as a shelter, a place where the needs of daily life are met, a living space for individuals. In countries such as Turkey, where the neoliberal economic model is implemented, housing; is seen as a “commodity” in addition to its functions. Considering the house as a commodity makes it an important economic subject. For this reason, the relationship between the economy and the housing market is important. In this study, the short-term effects of the neoliberal economic model, which is one of the determinants of the housing market in Turkey, between 2020:1 and 2021:9 were investigated. Changes in credit conditions, annual interest rates, demographic situation, and exchange rates in the aforementioned period; evaluated in the context of housing production and housing market within the conditions of the period. In the study, the effects of the neoliberal economic model on the housing market; Credit conditions, annual interest rates, demographics, and changes in exchange rates were interpreted with the support of literature review and statistical data. The main purpose of the study is to express that the continuity of any structure that does not meet the social needs is not possible for society.