Research Article

PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS

Volume: 27 Number: 3 September 30, 2025
TR EN

PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS

Abstract

Due to high inflation, Türkiye has been struggling with high housing prices. This study compares two forecasting models: an econometric time-series model, ARIMA, and a machine learning algorithm, LSTM, in predicting housing prices in Istanbul. First, only the Central Bank’s quarterly average housing unit prices are used in both models. Second, two crucial macroeconomic variables, the mortgage loan interest rate and the inflation rate (as measured by the CPI), are added to the model. The results reveal that the forecast obtained from LSTM outperforms the ARIMA approach. This research fills a significant gap in the literature where the implementation of artificial intelligence in the housing industry is limited.

Keywords

References

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  6. Burhan, H. A. (2023). Konut Fiyatları Tahmininde Makine Öğrenmesi Sınıflandırma Algoritmalarının Kullanılması: Kütahya Kent Merkezi Örneği. Dumlupınar Üniversitesi Sosyal Bilimler Dergisi (76), 221-237. https://doi.org/10.51290/dpusbe.1249461
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  8. Conway, J. (2018). Artificial Intelligence and Machine Learning: Current Applications in Real Estate, Master Thesis. Massachusetts Institute of Technology.

Details

Primary Language

English

Subjects

Real Estate Financing

Journal Section

Research Article

Early Pub Date

September 28, 2025

Publication Date

September 30, 2025

Submission Date

April 1, 2025

Acceptance Date

June 16, 2025

Published in Issue

Year 2025 Volume: 27 Number: 3

APA
Sümer, L. (2025). PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS. Muhasebe Bilim Dünyası Dergisi, 27(3), 235-252. https://doi.org/10.31460/mbdd.1668933
AMA
1.Sümer L. PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS. MODAV-MBDD. 2025;27(3):235-252. doi:10.31460/mbdd.1668933
Chicago
Sümer, Levent. 2025. “PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS”. Muhasebe Bilim Dünyası Dergisi 27 (3): 235-52. https://doi.org/10.31460/mbdd.1668933.
EndNote
Sümer L (September 1, 2025) PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS. Muhasebe Bilim Dünyası Dergisi 27 3 235–252.
IEEE
[1]L. Sümer, “PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS”, MODAV-MBDD, vol. 27, no. 3, pp. 235–252, Sept. 2025, doi: 10.31460/mbdd.1668933.
ISNAD
Sümer, Levent. “PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS”. Muhasebe Bilim Dünyası Dergisi 27/3 (September 1, 2025): 235-252. https://doi.org/10.31460/mbdd.1668933.
JAMA
1.Sümer L. PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS. MODAV-MBDD. 2025;27:235–252.
MLA
Sümer, Levent. “PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS”. Muhasebe Bilim Dünyası Dergisi, vol. 27, no. 3, Sept. 2025, pp. 235-52, doi:10.31460/mbdd.1668933.
Vancouver
1.Levent Sümer. PREDICTING HOUSING PRICES IN ISTANBUL USING ARTIFICIAL INTELLIGENCE: A COMPARATIVE ANALYSIS OF ARIMA AND LSTM MODELS. MODAV-MBDD. 2025 Sep. 1;27(3):235-52. doi:10.31460/mbdd.1668933

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The author(s) should disclose the use of generative Artificial Intelligence (AI) and AI-assisted tools in design and implementation of the research. Such use need to be disclosed within the methodology section of the manuscript. Use of AI does not preclude the manuscript from publication, rather provides a transparent picture of the research.