Araştırma Makalesi
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FACTORS INFLUENCING PRICES OF RESIDENTIAL REAL ESTATE IN TURKEY

Yıl 2022, Cilt: 8 Sayı: 2, 153 - 172, 06.10.2022

Öz

In many nations, the real estate sector is a very important determinant of economic productivity and improvement. It is critical to conduct market research and gain a thorough understanding of the market before taking house buying decisions. In real estate investing, market analysis is an underappreciated asset. In actuality, the most significant aspect of analysing a real estate investment is market analysis. Although all the real estate is local, the main macroeconomic factors have an influence on all local markets. So, market analysts should check the interest rates, present and proposed inflation fluctuation, population expansion, interest rates, and GDP growth. These elements have an effect on the economic base which besetment the subject property's progression or reduction. Interest rates can affect the cost of borrowing and mortgage change rates in capital flows can also have a direct impact on the Demand and supply variables for a property. There are also links between inflation and any limited-supply good. Inflation has a significant impact on a wide range of industries. The utility market the banking, and energy are the most affected. In fact, because Gross Domestic Product Growth rate is the main affection on real estate pricing and rent, real estate investments offer a direct method to benefit from these economies' significant growth. And regarding the increasement in the population It's also important to comprehend the fundamental causes of population growth.

Kaynakça

  • Burnside, C., Eichenbaum, M. & Rebelo, S. (2011). Understanding Booms and Busts in Housing Markets. NBER Working Paper 16734 (Cambridge, Massachusetts: National Bureau of Economic Research).
  • Muhammad, Az., & Yvonne Lee (2022), "Determinants of Housing Prices: Evidence from Malaysia and Singapore", Asian Journal of Research in Education and Social Sciences, Faculty of Management, Multimedia University, Cyberjaya, Malaysia.
  • Esra, A., & Ünal, S. (2019), “Türkiye Konut Piyasasında Etkinlik Analizi” Istanbul Üniversitesi 48(1),2-6.
  • Fama, E.F. (2010), Efficient Market Hypothesis: II. The Journal of Finance 46(5) 1575- 1617.
  • Coşkun, Y. (2016). Konut fiyatları ve yatırımı: Türkiye için bir analiz. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 9(2), 201–217
  • Coşkun.Y.(2010) ‘An Analysis of the Strengths and weakness of the Turkey Real Estate Market’ available at http://dx.doi.org/10.2139/ssrn.1641211.
  • Coşkun, Yener. (2010). Housing Market Without Mortgage: The Need of Transformation. Spring-Summer. GMTR Real Estate Turkey Executive Summary: 30.
  • Deloitte 2013 "The Real Estate Sector in Turkey Deloitte 2013 report", invest gov, http://www.invest.gov.tr/en (Access Date: 22 December 2021).
  • Mak, S., Choy, L. & Ho, W. (2012). Region- Specific Estimates of the Determinants of Property Stock Market. Journal of Property Investment and Finance, 24(4).
  • Mak, S., Choy, L. & Ho, W. (2012). Region- Specific Estimates of the Determinants of Real Estate Investments in China. Urban Studies 49(4) 741-755.
  • Liow, K.H., Ibrahim, M.F. & Huang, Q. (2006). Macroeconomic Risk Influences in the Demographic Change and Rapid Urbanization. © Washington, DC.
  • Gallagher, M. (2011). The Effect of Inflation of Housing Prices from: http://homeguides.sfgate.com/effect-inflation-housing-prices-2161.html
  • Mikhed, V. & Zemak, P. (2009). Do House Prices Reflect Fundamentals? Aggregate and Panel Data Evidence. Doerner, W.M. & Ihlanfeldt, K.R. (2011), House Prices and City Revenues. Regional Science & Urban Economists 41(4) 332-342.
  • Egert, B. & Mihaljek,D. (2007), Determinants of House Prices in Central and Eastern Europe. CESIFO Working Paper Series, 2152 (6), 1-31.
  • Égert, B., and D. Mihaljek (2007) Determinants of House Prices in Central and Eastern Europe.' Working Papers 236, Bank for International Settlements, Switzerland.
  • Muthee, K. M. (2012). Relationship between Economic Growth and Real Estate Prices in Kenya. Unpublished MBA Project, University of Nairobi
  • OSIKHOTSALI Momoh (2021), "What Is Population", Investopedia, https://www.investopedia.com/terms/p/population.asp (Access Date: 9 May 2022.
  • Case K. E.; Shiller R. J. (2003) “Is There a Bubble in the Housing Market?”, Brookings Panel on Economic Activity, September 4-5
  • Case, K., Shiller, R. & Quigley, M. (2005). Comparing wealth Effects: The Stock Market Real Estate Investments in China. Urban Studies 49(4) 741-755.
  • CAROLINE Banton (2021), "What Is an Interest Rate", What Is an Interest Rate, Investopedia, https://www.investopedia.com/terms/i/interestrate.asp, (Access Date: 9 May 2022).
  • OSIKHOTSALI Momoh (2021), "What Is Population", Investopedia, https://www.investopedia.com/terms/p/population.asp (Access Date: 9 May 2022).
  • TheStreet Staff (2022), "What Is Inflation"https://www.thestreet.com/dictionary/i/inflation (Access Date: 22 MAR 2022).
  • Turkey Inflation Rate, April 2022, Turkey Inflation Rate - April 2022 Data - 1965-2021 Historical - May Forecast (tradingeconomics.com), (Access Date: 10 April 2022).
  • Turksat (2013) 'Housing statistic' viewed on the 15th of January 2017 http://www.turkstat.gov.tr/PreHaberBultenleri.do?id=0.
  • Turkey GDP - Gross Domestic Product Country Economy, Turkey GDP - Gross Domestic Product 2020 | countryeconomy.com, (Access Date: 02 April 2022).
Yıl 2022, Cilt: 8 Sayı: 2, 153 - 172, 06.10.2022

Öz

Kaynakça

  • Burnside, C., Eichenbaum, M. & Rebelo, S. (2011). Understanding Booms and Busts in Housing Markets. NBER Working Paper 16734 (Cambridge, Massachusetts: National Bureau of Economic Research).
  • Muhammad, Az., & Yvonne Lee (2022), "Determinants of Housing Prices: Evidence from Malaysia and Singapore", Asian Journal of Research in Education and Social Sciences, Faculty of Management, Multimedia University, Cyberjaya, Malaysia.
  • Esra, A., & Ünal, S. (2019), “Türkiye Konut Piyasasında Etkinlik Analizi” Istanbul Üniversitesi 48(1),2-6.
  • Fama, E.F. (2010), Efficient Market Hypothesis: II. The Journal of Finance 46(5) 1575- 1617.
  • Coşkun, Y. (2016). Konut fiyatları ve yatırımı: Türkiye için bir analiz. Niğde Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 9(2), 201–217
  • Coşkun.Y.(2010) ‘An Analysis of the Strengths and weakness of the Turkey Real Estate Market’ available at http://dx.doi.org/10.2139/ssrn.1641211.
  • Coşkun, Yener. (2010). Housing Market Without Mortgage: The Need of Transformation. Spring-Summer. GMTR Real Estate Turkey Executive Summary: 30.
  • Deloitte 2013 "The Real Estate Sector in Turkey Deloitte 2013 report", invest gov, http://www.invest.gov.tr/en (Access Date: 22 December 2021).
  • Mak, S., Choy, L. & Ho, W. (2012). Region- Specific Estimates of the Determinants of Property Stock Market. Journal of Property Investment and Finance, 24(4).
  • Mak, S., Choy, L. & Ho, W. (2012). Region- Specific Estimates of the Determinants of Real Estate Investments in China. Urban Studies 49(4) 741-755.
  • Liow, K.H., Ibrahim, M.F. & Huang, Q. (2006). Macroeconomic Risk Influences in the Demographic Change and Rapid Urbanization. © Washington, DC.
  • Gallagher, M. (2011). The Effect of Inflation of Housing Prices from: http://homeguides.sfgate.com/effect-inflation-housing-prices-2161.html
  • Mikhed, V. & Zemak, P. (2009). Do House Prices Reflect Fundamentals? Aggregate and Panel Data Evidence. Doerner, W.M. & Ihlanfeldt, K.R. (2011), House Prices and City Revenues. Regional Science & Urban Economists 41(4) 332-342.
  • Egert, B. & Mihaljek,D. (2007), Determinants of House Prices in Central and Eastern Europe. CESIFO Working Paper Series, 2152 (6), 1-31.
  • Égert, B., and D. Mihaljek (2007) Determinants of House Prices in Central and Eastern Europe.' Working Papers 236, Bank for International Settlements, Switzerland.
  • Muthee, K. M. (2012). Relationship between Economic Growth and Real Estate Prices in Kenya. Unpublished MBA Project, University of Nairobi
  • OSIKHOTSALI Momoh (2021), "What Is Population", Investopedia, https://www.investopedia.com/terms/p/population.asp (Access Date: 9 May 2022.
  • Case K. E.; Shiller R. J. (2003) “Is There a Bubble in the Housing Market?”, Brookings Panel on Economic Activity, September 4-5
  • Case, K., Shiller, R. & Quigley, M. (2005). Comparing wealth Effects: The Stock Market Real Estate Investments in China. Urban Studies 49(4) 741-755.
  • CAROLINE Banton (2021), "What Is an Interest Rate", What Is an Interest Rate, Investopedia, https://www.investopedia.com/terms/i/interestrate.asp, (Access Date: 9 May 2022).
  • OSIKHOTSALI Momoh (2021), "What Is Population", Investopedia, https://www.investopedia.com/terms/p/population.asp (Access Date: 9 May 2022).
  • TheStreet Staff (2022), "What Is Inflation"https://www.thestreet.com/dictionary/i/inflation (Access Date: 22 MAR 2022).
  • Turkey Inflation Rate, April 2022, Turkey Inflation Rate - April 2022 Data - 1965-2021 Historical - May Forecast (tradingeconomics.com), (Access Date: 10 April 2022).
  • Turksat (2013) 'Housing statistic' viewed on the 15th of January 2017 http://www.turkstat.gov.tr/PreHaberBultenleri.do?id=0.
  • Turkey GDP - Gross Domestic Product Country Economy, Turkey GDP - Gross Domestic Product 2020 | countryeconomy.com, (Access Date: 02 April 2022).
Toplam 25 adet kaynakça vardır.

Ayrıntılar

Birincil Dil İngilizce
Konular Ekonomi
Bölüm Araştırma Makalesi
Yazarlar

Aman Al Habash 0000-0002-4902-6581

Murat Unanoglu 0000-0002-5186-885X

Erken Görünüm Tarihi 6 Ekim 2022
Yayımlanma Tarihi 6 Ekim 2022
Yayımlandığı Sayı Yıl 2022 Cilt: 8 Sayı: 2

Kaynak Göster

APA Al Habash, A., & Unanoglu, M. (2022). FACTORS INFLUENCING PRICES OF RESIDENTIAL REAL ESTATE IN TURKEY. Florya Chronicles of Political Economy, 8(2), 153-172.


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