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An Econometric Analysis of Housing Demand in Turkey

Author

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  • Ali Osman Solak
  • Burhan Kabadayı

Abstract

In this study, the demand for housing in Turkey was examined by panel data analysis and provincial level data set between 2004 and 2011. The income levels, housing prices, and population were selected as explanatory variables for the study. Two different models were used and the income elasticity was found to be 1.42 and 1.91. The price elasticity was estimated at -0.85 and -0.95 in the models and population indicators positively affected the demand for housing. The findings of the study show that the most important factor affecting the housing demand was the income level of Turkey.

Suggested Citation

  • Ali Osman Solak & Burhan Kabadayı, 2016. "An Econometric Analysis of Housing Demand in Turkey," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 6(3), pages 1-3.
    • Handle: RePEc:spt:admaec:v:6:y:2016:i:3:f:6_3_3
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    Cited by:

    1. Arif Igdeli, 2020. "A Spatial Econometric Analysis on the Determinants of Regional Housing Demand," Bingol University Journal of Economics and Administrative Sciences, Bingol University, Faculty of Economics and Administrative Sciences, vol. 4(2), pages 145-165, December.
    2. Mustafa Ozan Yıldırım & Özge Filiz Yağcıbaşı, 2019. "The Dynamics Of House Prices And Fiscal Policy Shocks In Turkey," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 64(220), pages 39-60, January –.
    3. Karmali,Nadeem M. & Aline Weng, 2022. "Housing Demand and Affordability in India : Implications for Housing Policy," Policy Research Working Paper Series 10031, The World Bank.
    4. Orhan SANLI & Osman PEKER, 2023. "Effect of Inflation, Exchange Rate, Interest Rates and Income on House Sales: a Case of Turkiye," Journal of Economic Policy Researches, Istanbul University, Faculty of Economics, vol. 10(1), pages 37-60, January.
    5. Rong Fu & Dong Deng & Tao Liu, 2023. "The Impact of Aging on Housing Market: Evidence from China," Sustainability, MDPI, vol. 15(5), pages 1-13, February.

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