Advances in Management and Applied Economics
An Econometric Analysis of Housing Demand in Turkey
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In this study, the demand for housing in Turkey was examined by panel data analysis and provincial level data set between 2004 and 2011. The income levels, housing prices, and population were selected as explanatory variables for the study. Two different models were used and the income elasticity was found to be 1.42 and 1.91. The price elasticity was estimated at -0.85 and -0.95 in the models and population indicators positively affected the demand for housing. The findings of the study show that the most important factor affecting the housing demand was the income level of Turkey.
ISSN: 1792-7552 (Online)