Housing Prices in a Market Under Years of Constant Transformation: a County-Based Analysis of Istanbul

dc.contributor.author Ucal, Meltem
dc.contributor.author Ucal, Meltem
dc.contributor.author Kaplan, Uğur
dc.contributor.other Economics
dc.date.accessioned 2021-01-28T17:47:32Z
dc.date.available 2021-01-28T17:47:32Z
dc.date.issued 2020
dc.department Fakülteler, İktisadi, İdari ve Sosyal Bilimler Fakültesi, Ekonomi Bölümü en_US
dc.description.abstract Objective: The objective of the article is to present a comprehensive approach to analysing Istanbul's housing prices, using a hedonic price model with a large dataset and a single variable for locational attributes. Research Design & Methods: The analysis of consequent housing prices in Istanbul's counties with hedonic price modelling and the extrapolation of results by comparing the prices to the human development level of counties. We use multiple regression and Ordinary Least Squares (OLS) methods to estimate two semi-log hedonic price models for two time periods. Findings: The relationship between socioeconomic development levels and housing prices varies for counties under different urban transformation processes. Implications & Recommendations: The results are useful for the housing price analysis in Istanbul. The housing prices appear to follow the socioeconomic development level of the county in which a house is located, thus showing variations between different counties. The relationship between housing prices and urban transformation processes should be approached with caution by policymakers, as the outcomes may disturb both the sociological and economic balance in the long run. Contribution & Value Added: The study contributes to the existing research on housing price analysis by interpreting locational attributes as a whole and housing research at large by combining hedonic price modelling and case study methods. en_US
dc.description.sponsorship Kadir Has University en_US
dc.identifier.citationcount 3
dc.identifier.doi 10.15678/EBER.2020.080204 en_US
dc.identifier.endpage 91 en_US
dc.identifier.issn 2353-883X en_US
dc.identifier.issn 2353-8821 en_US
dc.identifier.issn 2353-883X
dc.identifier.issn 2353-8821
dc.identifier.issue 2 en_US
dc.identifier.scopus 2-s2.0-85087363880 en_US
dc.identifier.scopusquality Q1
dc.identifier.startpage 71 en_US
dc.identifier.uri https://hdl.handle.net/20.500.12469/3793
dc.identifier.uri https://doi.org/10.15678/EBER.2020.080204
dc.identifier.volume 8 en_US
dc.identifier.wos WOS:000601167300004 en_US
dc.language.iso en en_US
dc.publisher Cracow Univ Economics en_US
dc.relation.journal Entrepreneurial Business and Economics Review en_US
dc.relation.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
dc.rights info:eu-repo/semantics/openAccess en_US
dc.scopus.citedbyCount 5
dc.subject Housing Prices en_US
dc.subject Semi-Log Hedonic Price Model en_US
dc.subject Istanbul en_US
dc.title Housing Prices in a Market Under Years of Constant Transformation: a County-Based Analysis of Istanbul en_US
dc.type Article en_US
dc.wos.citedbyCount 4
dspace.entity.type Publication
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