CAN INVESTMENT IN HOUSING BE AN ECONOMIC ILLUSION? A REVIEW FROM THE PERSPECTIVE OF SOCIAL JUSTICE: THE EXAMPLE OF TÜRKİYE

Rıdvan Karacan; Ali Kerem Karacan

doi:10.37991/sosdus.1528008

EN TR

CAN INVESTMENT IN HOUSING BE AN ECONOMIC ILLUSION? A REVIEW FROM THE PERSPECTIVE OF SOCIAL JUSTICE: THE EXAMPLE OF TÜRKİYE

Abstract

In recent years, housing prices and rents in Turkey have surged beyond global and European standards, with a significant increase in construction targeting upper-income groups and foreign buyers rather than those in need. Despite this trend, there is a notable lack of literature documenting whether investments in housing drive these high prices and rent increases. This study addresses this gap by investigating whether housing purchases qualify as investments. Utilizing Granger cointegration analysis and the Toda-Yamamoto causality test, we examine the relationship between housing purchases and gross domestic product (GDP) in Turkey. The empirical analysis reveals no long-term cointegration or causal relationships between these variables. Our findings suggest that housing purchases do not qualify as traditional investments. These insights provide a basis for mitigating the adverse effects of housing investments in Turkey.

Keywords

Housing Invesment , GDP , Social Justice , Turkey

KONUT YATIRIMI EKONOMİK BİR YANILGI OLABİLİR Mİ? SOSYAL ADALET PERSPEKTİFİNDEN BİR İNCELEME: TÜRKİYE ÖRNEĞİ

Öz

Son yıllarda, Türkiye'deki konut fiyatları ve kiralar, küresel ve Avrupa standartlarının ötesinde artış göstermiştir. Bu artış, ihtiyacı olanlar yerine üst gelir gruplarına ve yabancı alıcılara yönelik inşaatların önemli ölçüde artmasıyla ilişkilidir. Bu trende rağmen, konut yatırımlarının bu yüksek fiyat ve kira artışlarını tetikleyip tetiklemediğini belgeleyen bir literatür eksikliği dikkat çekmektedir. Bu çalışma, konut alımlarının yatırım olarak kabul edilip edilemeyeceğini araştırarak bu boşluğu doldurmayı amaçlamaktadır. Granger eşbütünleşme analizi ve Toda-Yamamoto nedensellik testi kullanılarak, Türkiye'deki konut alımları ile gayri safi yurtiçi hasıla (GSYH) arasındaki ilişki incelenmiştir. Ampirik analiz, bu değişkenler arasında uzun vadeli bir eşbütünleşme veya nedensel ilişki bulunmadığını ortaya koymaktadır. Bulgularımız, konut alımlarının geleneksel yatırım olarak nitelendirilemeyeceğini öne sürmektedir. Bu bulgular, Türkiye'deki konut yatırımlarının olumsuz etkilerini hafifletmek için bir temel sağlamaktadır.

Anahtar Kelimeler

Konut Yatırımı , GSYH , Sosyal Adalet , Türkiye

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Ayrıntılar

Birincil Dil

İngilizce

Konular

İktisat Sosyolojisi

Bölüm

Araştırma Makalesi

Yazarlar

Rıdvan Karacan ^*
0000-0002-4148-0069
Türkiye

Ali Kerem Karacan
0009-0009-2525-2021
Türkiye

Yayımlanma Tarihi

30 Haziran 2025

Gönderilme Tarihi

4 Ağustos 2024

Kabul Tarihi

2 Nisan 2025

Yayımlandığı Sayı

Yıl 2025 Cilt: 10 Sayı: 1

DOI

https://doi.org/10.37991/sosdus.1528008

IZ

https://izlik.org/JA66SK97KX

APA

Karacan, R., & Karacan, A. K. (2025). CAN INVESTMENT IN HOUSING BE AN ECONOMIC ILLUSION? A REVIEW FROM THE PERSPECTIVE OF SOCIAL JUSTICE: THE EXAMPLE OF TÜRKİYE. Sosyolojik Düşün, 10(1), 190-224. https://doi.org/10.37991/sosdus.1528008

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CAN INVESTMENT IN HOUSING BE AN ECONOMIC ILLUSION? A REVIEW FROM THE PERSPECTIVE OF SOCIAL JUSTICE: THE EXAMPLE OF TÜRKİYE

Abstract

Keywords

KONUT YATIRIMI EKONOMİK BİR YANILGI OLABİLİR Mİ? SOSYAL ADALET PERSPEKTİFİNDEN BİR İNCELEME: TÜRKİYE ÖRNEĞİ

Öz

Anahtar Kelimeler

Kaynakça

Ayrıntılar

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Konular

Bölüm

Yazarlar

Yayımlanma Tarihi

Gönderilme Tarihi

Kabul Tarihi

Yayımlandığı Sayı

DOI

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