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Spatial Analysis of Residential Prices in Istanbul

Author

Listed:
  • Evren Ozus
  • Vedia Dokmeci
  • Gulay Kiroglu
  • Guldehan Egdemir

Abstract

The purpose of this paper is to examine the spatial distribution of housing prices at the metropolitan and at the district level of Istanbul. At the metropolitan level, the most important factors which affect housing prices are sub-market, floor area and sea view. At the district level, housing prices vary from district to district according to locational, socio-economic and property characteristics. High-income sub-markets have higher coefficient of determinations and more significant variables than low-income sub-markets. Furthermore, the results suggest that planned districts have higher housing prices; thus, restructuring squatter areas and revitalizing inner city areas provide not only benefits to individuals but also higher tax revenues to the city.

Suggested Citation

  • Evren Ozus & Vedia Dokmeci & Gulay Kiroglu & Guldehan Egdemir, 2007. "Spatial Analysis of Residential Prices in Istanbul," European Planning Studies, Taylor & Francis Journals, vol. 15(5), pages 707-721, June.
    • Handle: RePEc:taf:eurpls:v:15:y:2007:i:5:p:707-721
    DOI: 10.1080/09654310701214085
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    References listed on IDEAS

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    1. Mahlon R. Straszheim, 1975. "An Econometric Analysis of the Urban Housing Market," NBER Books, National Bureau of Economic Research, Inc, number stra75-1.
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    Cited by:

    1. Berna Keskin & Craig Watkins, 2017. "Defining spatial housing submarkets: Exploring the case for expert delineated boundaries," Urban Studies, Urban Studies Journal Limited, vol. 54(6), pages 1446-1462, May.
    2. Duran, Hasan Engin & Özdoğan, Hilal, 2020. "Asymmetries across regional housing markets in Turkey," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    3. Cheol-Joo Cho & Kwangil Cheon & Wanmo Kang, 2024. "Assessment of the Spatial Variation of the Economic Benefits of Urban Green Spaces in a Highly Urbanized Area," Land, MDPI, vol. 13(5), pages 1-16, April.
    4. Turgay Kerem Koramaz, 2013. "A Dualistic Manner In Spatial Analysis: Location And Sector Based Investigations For Housing Price Determinants," ERSA conference papers ersa13p1062, European Regional Science Association.

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