Araştırma Makalesi

Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example

Cilt: 5 Sayı: 3 31 Aralık 2020
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Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example

Öz

Different properties of the houses have given heterogeneous structure to the housing markets. Therefore, the housing market can be analyzed with the hedonic price model In this direction, this study is important in terms of revealing the effects of different characteristics of houses on housing prices to follow the price changes in the housing market. The study aims to examine the effect of flat-type residential properties in İstanbul on the price within the scope of hedonic price model. For this purpose, estimation was made with semiparametric regression models for 974 flat-house, housing prices and factors affecting prices. In as much as the semiparametric estimation is superior to parametric estimation in that it doesn’t force the data set to certain assumptions and takes into account the variable structure that has a nonlinear effect on the dependent variable. According to the findings, the properties that affect the housing prices (apartment) for sale are determined as the parking variable, credit eligibility variable, and elevator variable respectively. As for the nonparametric variables, it was concluded that the square meter variable had a reducing effect on house prices after 400 m2, and the age of housing had a positive effect on prices after 15 years.

Anahtar Kelimeler

Kaynakça

  1. Alkay, E. (2008). Housing submarkets in Istanbul. International Real Estate Review, 11(1), 113-127. Retrieved from https://econpapers.repec.org
  2. Arıkan, F. E. (2008). Ev kiralarını etkileyen faktörlerin hedonik fiyat yöntemi ile belirlenmesi (Unpublished doctoral dissertation). Marmara Üniversitesi Sosyal Bilimler Enstitüsü,İstanbul.
  3. Ayvaz, Ö. (2002). Emlak fiyatlarının hedonik model ile araştırılması: İzmir örneği (Unpublished doctoral dissertation). Dokuz Eylül Üniversitesi Sosyal Bilimler Enstütüsü, İzmir.
  4. Baldemir, E. K., Kesbiç, C.Y. ve İnci, M. (2007, Mayıs). Emlak piyasasında hedonik talep parametrelerinin tahminlenmesi : Muğla örneği [Estimating hedonic demand parameters in real estate market: The caseof Muğla]. 8. Türkiye Ekonometri ve İstatistik Kongresi'nde sunulan bildiri. Malatya. Retrieved from https://docplayer.biz.tr/7196332-Emlak-piyasasinda-hedoniktalep-parametlerinin-tahminlenmesi-mugla-ornegi.html
  5. Chau, K. W. and Chin, T. L. (2003). A critical rewiev of literature on the hedonic price model. International Journal for Housing and its Applications, 27(2), 145-165. Retrieved from https://ssrn.com
  6. Çağlayan, E. and Arikan, E. (2011). Determinants of house prices in Istanbul: a quantile regression approach. Qual Quant 45, 305–317. https://doi.org/10.1007/s11135-009-9296-x
  7. Çağlayan Akay, E. ve Kangallı Uyar, S.G. (2017). Semiparametrik tahmin yöntemi. R Uygulamalı Ekonometri içinde. İstanbul: Der Yayınları.
  8. Demir, D. and Yayar, R. (2014). Hedonic estimation of housing market prices in Turkey. Erciyes Üniversitesi İİBF Dergisi, (43), 67-82. https://doi.org/10.18070/euiibfd.42448

Ayrıntılar

Birincil Dil

İngilizce

Konular

Ekonomi

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Aralık 2020

Gönderilme Tarihi

3 Haziran 2020

Kabul Tarihi

20 Aralık 2020

Yayımlandığı Sayı

Yıl 2020 Cilt: 5 Sayı: 3

Kaynak Göster

APA
Acar, T. (2020). Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example. Ekonomi Politika ve Finans Araştırmaları Dergisi, 5(3), 561-575. https://doi.org/10.30784/epfad.747705
AMA
1.Acar T. Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example. EPF Journal. 2020;5(3):561-575. doi:10.30784/epfad.747705
Chicago
Acar, Tuğçe. 2020. “Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example”. Ekonomi Politika ve Finans Araştırmaları Dergisi 5 (3): 561-75. https://doi.org/10.30784/epfad.747705.
EndNote
Acar T (01 Aralık 2020) Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example. Ekonomi Politika ve Finans Araştırmaları Dergisi 5 3 561–575.
IEEE
[1]T. Acar, “Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example”, EPF Journal, c. 5, sy 3, ss. 561–575, Ara. 2020, doi: 10.30784/epfad.747705.
ISNAD
Acar, Tuğçe. “Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example”. Ekonomi Politika ve Finans Araştırmaları Dergisi 5/3 (01 Aralık 2020): 561-575. https://doi.org/10.30784/epfad.747705.
JAMA
1.Acar T. Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example. EPF Journal. 2020;5:561–575.
MLA
Acar, Tuğçe. “Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example”. Ekonomi Politika ve Finans Araştırmaları Dergisi, c. 5, sy 3, Aralık 2020, ss. 561-75, doi:10.30784/epfad.747705.
Vancouver
1.Tuğçe Acar. Determining Housing Prices Using The Semiparametric Estimation Within The Hedonic Price Model Framework: Case Study of Istanbul Housing Market Example. EPF Journal. 01 Aralık 2020;5(3):561-75. doi:10.30784/epfad.747705

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