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Paper eres2015_58:
Testing for Bubbles in Turkish Housing Markets: A Comparison of Alternative Methods

id eres2015_58
authors Coskun, Yener; Ali Alp; H. Murat Ertugrul; Unal Seven
year 2015
title Testing for Bubbles in Turkish Housing Markets: A Comparison of Alternative Methods
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary Real estate economy has showed unusual performance in last decade in Turkey. Growing house supply/sales, credit volume, and rising house prices have mostly marked as boom. The perception of housing boom has also raised concerns among local/inernational investors, consumers, and policy-makers. The objective of the paper is to present the findings of the first comprehensive bubble analysis of Turkish housing markets utilizing/comparing several alternative methods. In order to address research questions, the study established two research objectives, 1) To identify characteristic variables of a housing bubble analysis in the context of Turkish housing market, and 2) To emprically measure whether rising house prices have been justified by fundamental factors. The outcomes of the study provides critical knowledges to domestic/international stakeholders of Turkish housing (and real estate) market.
keywords Housing bubble, residential market, house price, mortgage, Turkey
series ERES:conference
type paper session
email ycoskun@spk.gov.tr
discussion No discussions. Post discussion ...
ratings
session Market Research, Analysis & Forecasting
last changed 2015/07/08 18:06
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