PL EN


2008 | 12 | 2 | 125-138
Article title

HEDONIC ANALYSIS OF PRICE IN THE ISTANBUL HOUSING MARKET

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
The purpose of this paper is to explore the factors that affect housing prices in Istanbul. A hedonic price model is employed in order to examine housing price determinants with respect to property characteristics, socio-economic characteristics, neighbourhood quality characteristics, and locational factors. The results reveal that housing prices are affected by these factors: living area size, being in a low storey building, being in a secured site (with swimming pool and garage), and age of the building. In addition to these determinants, the length of time the inhabitants have lived in Istanbul, the average income of the household, neighbour satisfaction and earthquake risk of the area have effects on the residential prices in Istanbul. Further research is suggested by constructing a second model that includes neighbourhood dummy variables as a proxy for submarkets, and a multi-level modelling framework will be employed in order to analyse the urban housing submarket system.
Contributors
author
  • Berna Keslin, Department of Town and Regional Planning, University of Sheffield, Western Bank, Sheffield, S10 2TN, United Kingdom
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10LTAAAA075223
YADDA identifier
bwmeta1.element.5b976830-0ce5-34cb-bc1d-e1c5960b847e
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.