EN
Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble?
Abstract
In this study, housing demand in Turkey was examined with Bounds Testing Approaches for the period of 1964-2014. The total square meters of houses sold was taken as housing demand. The explanatory variables of the study are the real price of one square meter of housing, real income level, and urban population. Firstly, stationary properties of the series were checked by unit root tests, then co-integration was investigated. Lastly, we ran the Autoregressive lag model process. We found that Turkey is more sensitive to income level and there is positive relationship between prices and housing demand. This might be accounted for by the fact that houses are kinds of investment goods in Turkey.
Keywords
Details
Primary Language
English
Subjects
-
Journal Section
-
Publication Date
May 1, 2016
Submission Date
May 1, 2016
Acceptance Date
-
Published in Issue
Year 2016 Volume: 6 Number: 3
APA
Solak, A. O., & Kabadayı, B. (2016). Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble? International Journal of Economics and Financial Issues, 6(3), 1132-1135. https://izlik.org/JA72UX72SA
AMA
1.Solak AO, Kabadayı B. Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble? IJEFI. 2016;6(3):1132-1135. https://izlik.org/JA72UX72SA
Chicago
Solak, Ali Osman, and Burhan Kabadayı. 2016. “Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble?”. International Journal of Economics and Financial Issues 6 (3): 1132-35. https://izlik.org/JA72UX72SA.
EndNote
Solak AO, Kabadayı B (May 1, 2016) Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble? International Journal of Economics and Financial Issues 6 3 1132–1135.
IEEE
[1]A. O. Solak and B. Kabadayı, “Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble?”, IJEFI, vol. 6, no. 3, pp. 1132–1135, May 2016, [Online]. Available: https://izlik.org/JA72UX72SA
ISNAD
Solak, Ali Osman - Kabadayı, Burhan. “Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble?”. International Journal of Economics and Financial Issues 6/3 (May 1, 2016): 1132-1135. https://izlik.org/JA72UX72SA.
JAMA
1.Solak AO, Kabadayı B. Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble? IJEFI. 2016;6:1132–1135.
MLA
Solak, Ali Osman, and Burhan Kabadayı. “Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble?”. International Journal of Economics and Financial Issues, vol. 6, no. 3, May 2016, pp. 1132-5, https://izlik.org/JA72UX72SA.
Vancouver
1.Ali Osman Solak, Burhan Kabadayı. Bounds Testing Approaches to Housing Demand in Turkey: Is There a Real Estate Bubble? IJEFI [Internet]. 2016 May 1;6(3):1132-5. Available from: https://izlik.org/JA72UX72SA