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Paper eres2015_48:
Housing Market Annual Gross Yield Modelling: A Comparison between two dynamic markets (Istanbul and Dubai)

id eres2015_48
authors Hepsen, Ali; Olgun Aydin; Orhan Vatandas
year 2015
title Housing Market Annual Gross Yield Modelling: A Comparison between two dynamic markets (Istanbul and Dubai)
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary The main purpose of this study is to investigate whether there is a long-run relationship between macroeconomic indicators and residential returns for two dynamic markets (Istanbul and Dubai). This paper uses the monthly residential return data for the twelve year period from January 2003 to December 2014 provided by REIDIN. In order to identify long term equilibrium between residential returns and macroeconomic indicators, correlation analysis, impulse response analysis and kriging metamodelling are utilized for the study. The findings of this paper would help government and property investors for creating more effective property management strategies in these markets.
keywords Residential Returns, Macroeconomic Indicators, Correlation Analysis, Impulse Response Analysis, Kriging Metamodelling
series ERES:conference
type paper session
email alihepsen@yahoo.com
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last changed 2015/07/08 18:06
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