Özyeğin Üniversitesi, Çekmeköy Kampüsü Nişantepe Mahallesi Orman Sokak 34794 Çekmeköy İstanbul

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27.08.2019 - 27.08.2019

İşletme Fakültesi Seminerler Serisi / Doc. Dr. Yener Coşkun

Özyeğin Üniversitesi
Orman Sk
Nişantepe Mahallesi, Çekmeköy, İstanbul 34794

Title: Is there a bubbly euphoria in the Turkish Housing Market?


Abstract: The aim of the study is to test the algorithmic bubble model as proposed in Pitros and Arayici (2016) into the case of Turkey, with the view to assess whether the Turkish housing market is currently in a housing bubble. The study follows the application of the algorithmic model as documented in Pitros and Arayici (2016). Perceived speculation and herd behaviours in supply and demand sides of the Turkish housing market and steadily rising inflation rate in Turkey suggest that algorithmic approach may be better fit to case of Turkey. An empirical application of the model is conducted on the Turkish housing market by using housing data over the period of 2010 and 2016. The proposed approach claims that there is a serious housing bubble in the Turkish housing market, at least, during 2011 and 2016 period. Taken into account, Turkish housing market has become worse according to various market variables after the year of 2016, the evidence may imply that strong bubble formation rather than an early identification of bubble.

Yer : AB2-301 nolu Toplantı Odası