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Bounds testing approaches to housing demand in Turkey: Is there a real estate bubble?

ArticleAçık Erişim

Özet

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. © 2016, Econjournals. All Rights Reserved.

Anahtar Kelimeler

Bounds testing approachHousing demandReal estate bubble
RDL Kalıcı Bağlantı (PID)
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Tam Kayıt
AlanDeğerDil
dc.contributor.authorSolak, Ali Osman
dc.contributor.authorKabadayi, Burhan
dc.date.accessioned2026-10-18T20:29:27.863958619Z
dc.date.available2026-10-18T20:29:27.863958619Z
dc.date.issued2016
dc.description.abstractIn 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. © 2016, Econjournals. All Rights Reserved.
dc.identifier.endpage1135
dc.identifier.issn2146-4138
dc.identifier.issue3
dc.identifier.scopus2-s2.0-84981748229
dc.identifier.startpage1132
dc.identifier.urihttps://rdlopen.rawdatalibrary.net/r/ebyu/14665
dc.identifier.volume6
dc.language.isoen
dc.publisherEconjournals
dc.relation.ispartofInternational Journal of Economics and Financial Issues
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectBounds testing approach
dc.subjectHousing demand
dc.subjectReal estate bubble
dc.titleBounds testing approaches to housing demand in Turkey: Is there a real estate bubble?
dc.typeArticle
dspace.entity.typePublication
rdl.citation.scopus2
rdl.source.indexSCOPUS