Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/257426
Authors: 
Hacıevliyagil, Nuri
Drachal, Krzysztof
Eksi, Ibrahim Halil
Year of Publication: 
2022
Citation: 
[Journal:] Economies [ISSN:] 2227-7099 [Volume:] 10 [Issue:] 3 [Article No.:] 64 [Publisher:] MDPI [Place:] Basel [Year:] 2022 [Pages:] 1-27
Publisher: 
MDPI, Basel
Abstract: 
The aim of this study is to analyze the dynamics of the housing market in Turkey's economy and to examine the impact of variables related to housing prices. Preferred by many international housing investors, Turkey hosts profitable real estate investments as one of the developing countries with a shining housing market. This study applies the dynamic model averaging (DMA) methodology to predict monthly house price growth. With the increasing use of information technologies, Google online searches are incorporated into the study. For this purpose, twelve independent variables, with the Residential Property Price Index as the dependent variable, were used in the period January 2010-December 2019. According to the analysis results, it was observed that some variables, such as bond yields, the level of mortgages, foreign direct investments, unemployment, industrial production, exchange rates, and Google Trends index, are determinants of the Residential Property Price Index.
Subjects: 
DMA
Google Trends index
housing price prediction
RPPI
Turkey
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.