Year 2019, Volume 8, Issue 2, Pages 82 - 92 2019-06-30

MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS

Mehmet Emre Camlibel [1] , Ali Hepsen [2] , Olgun Aydin [3]

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Purpose- In recent years, with the support of urban regeneration movements, the real estate sector has become one of the locomotive sectors in terms of economic and social development, particularly for the developing countries. When the real estate sector is examined, it is seen that the housing sector, which directly touches to the end user and is considered sometimes for use sometimes for the investment purposes, comes to the forefront. It is observed that the competition among the developer firms also increased in parallel with the investments made. In this study, the 2004-2017 period was examined, the statistical models were created to help the developers in developing the housing marketing strategies, the marketing strategies affecting the house sales trends and the external factors were highlighted. Our paper is the first academic study that identifies this relationship in Turkish housing market.
Methodology- Within the scope of this study; R programming language and Wilcoxon Rank was used to analyze the different housing marketing campaigns of one of the pioneer real estate firms in Turkey and their effect on the sales figures; the rank sum test was conducted; and, the VAR models were constructed and Impulse Response analysis, Pearson Correlation Coefficient were used for the relationship analyses.
Findings- According to the results of the study, it is seen that the social events, long-term holidays, rainfall and snowfall, campaigns of the competitors have no statistically significant effect on the net sales and gross income. However, it was determined that the Ramadan period and the digital marketing had a significant effect on the net sales and gross income. It is determined that the use of outdoor billboard, which is expected to affect the housing sales, was inversely proportional to the net sales and gross income, that is, it had a negative effect when applied.
Conclusion- It is thought that this study can be more improved as a result of including the followings into the model: more detailed classification of the social events, remodeling the Ramadan periods according to either they coincide with the summer month or the winter month, assessment of the effect of rainfall and snowfall considering the climate zone Turkey is in, more detailed analysis of the effect of the campaign of competitors, that the effect of digital marketing will be higher as the technology develops.
It is expected that the modeling of the findings reached in this study (or which will be detailed in later studies) by using an algorithm will provide a cost-benefit optimization.
Housing sector, marketing costs, marketing, housing sales transaction, modelling
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Primary Language en
Subjects Business Finance
Journal Section Articles
Authors

Orcid: 0000-0002-4095-9377
Author: Mehmet Emre Camlibel (Primary Author)

Orcid: 0000-0002-3379-7090
Author: Ali Hepsen

Orcid: 0000-0002-7090-0931
Author: Olgun Aydin

Dates

Publication Date: June 30, 2019

Bibtex @research article { jbef582951, journal = {Journal of Business Economics and Finance}, issn = {}, eissn = {2146-7943}, address = {PressAcademia}, year = {2019}, volume = {8}, pages = {82 - 92}, doi = {10.17261/Pressacademia.2019.1039}, title = {MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS}, key = {cite}, author = {Camlibel, Mehmet Emre and Hepsen, Ali and Aydin, Olgun} }
APA Camlibel, M , Hepsen, A , Aydin, O . (2019). MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS. Journal of Business Economics and Finance, 8 (2), 82-92. DOI: 10.17261/Pressacademia.2019.1039
MLA Camlibel, M , Hepsen, A , Aydin, O . "MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS". Journal of Business Economics and Finance 8 (2019): 82-92 <http://dergipark.org.tr/jbef/issue/46390/582951>
Chicago Camlibel, M , Hepsen, A , Aydin, O . "MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS". Journal of Business Economics and Finance 8 (2019): 82-92
RIS TY - JOUR T1 - MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS AU - Mehmet Emre Camlibel , Ali Hepsen , Olgun Aydin Y1 - 2019 PY - 2019 N1 - doi: 10.17261/Pressacademia.2019.1039 DO - 10.17261/Pressacademia.2019.1039 T2 - Journal of Business Economics and Finance JF - Journal JO - JOR SP - 82 EP - 92 VL - 8 IS - 2 SN - -2146-7943 M3 - doi: 10.17261/Pressacademia.2019.1039 UR - https://doi.org/10.17261/Pressacademia.2019.1039 Y2 - 2019 ER -
EndNote %0 Journal of Business Economics and Finance MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS %A Mehmet Emre Camlibel , Ali Hepsen , Olgun Aydin %T MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS %D 2019 %J Journal of Business Economics and Finance %P -2146-7943 %V 8 %N 2 %R doi: 10.17261/Pressacademia.2019.1039 %U 10.17261/Pressacademia.2019.1039
ISNAD Camlibel, Mehmet Emre , Hepsen, Ali , Aydin, Olgun . "MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS". Journal of Business Economics and Finance 8 / 2 (June 2019): 82-92. https://doi.org/10.17261/Pressacademia.2019.1039
AMA Camlibel M , Hepsen A , Aydin O . MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS. JBEF. 2019; 8(2): 82-92.
Vancouver Camlibel M , Hepsen A , Aydin O . MEASURING THE EFFECTS OF MARKETING EXPENSES AND EXTERNAL FACTORS ON HOUSING SALES TRANSACTIONS. Journal of Business Economics and Finance. 2019; 8(2): 92-82.