Analysis of real estate values and economic indicators in extraordinary situations

Abstract

State of emergency (OHAL); It includes situations such as natural disasters, pandemic,
economic crisis. In the world and Turkiye, the 17 November 2019 epidemic, the 24 February
2022 war and the 6 February 2023 earthquake caused extreme differences in economic
indicators. As a result of social mobility, social, cultural, economic and geographical changes
occur. The extraordinary situations are; it also causes an abnormal increase/decrease in real
estate values. In this study, it is aimed to reveal the differences between economic indicators
and real estate values. As economic indicators; Consumer Price Index (CPI), Producer Price
Index (PPI), exchange rate, commodity, precious metals, energy resources and car prices were
taken into consideration and analyzed with real estate values and economic analyzes were
carried out. Considering the increase rates between 2018-2023, it is seen that the rate tends
to increase as the value of the asset increases