Evaluation of Housing Submarkets on the Example of Ankara Metropolitan Area

Tanyel Özelçi Eceral; Tuğba Kütük

Makale detayları

Evaluation of Housing Submarkets on the Example of Ankara Metropolitan Area

Yazarlar:

Tanyel Özelçi Eceral | Tuğba Kütük

Yayıncı:

İdeal Kent Yayınları

Ana Başlıklar:

Konut Piyasası | Kalkınma ve Yönetim

Dergi:

İDEALKENT Vol.15 Issue 41, pp.630-665

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001301522

pISSN:

1307-9905

Anahtar kelimeler:

Özet:

 The housing market consists of heterogeneous products with different housing characteristics. Due to its heterogeneity, the housing market is better analyzed by dividing it into different homogeneous groups, especially submarkets with similar spatial, environmental and physical characteristics, rather than a single homogeneous market. This article discusses the housing submarkets by using the current housing supply in Ankara. In this context, it investigates whether the analysis for the city as a whole reflects a realistic housing price structure. Moreover, it seeks an answer the question of whether socio-economic submarkets based on average household income by neighborhood and spatial submarkets based on location by district are determinant for Ankara. Data were collected from one of Turkeys largest real estate websites on the dwelling units being advertised for sale in the nine central districts of Ankara between January and September 2021. Data were analyzed by hedonic regression model. Empirical results reveal that although a single market does not effectively reflect a realistic price structure, location by districts and average household income by neighborhood do affect the price of housing in each submarket. Each submarket has its own dynamics and the housing price structure in each submarket depends on different variables. For Ankara, spatial submarkets have more explanatory power than socio-economic submarkets.

 The housing market consists of heterogeneous products with different housing characteristics. Due to its heterogeneity, the housing market is better analyzed by dividing it into different homogeneous groups, especially submarkets with similar spatial, environmental and physical characteristics, rather than a single homogeneous market. This article discusses the housing submarkets by using the current housing supply in Ankara. In this context, it investigates whether the analysis for the city as a whole reflects a realistic housing price structure. Moreover, it seeks an answer the question of whether socio-economic submarkets based on average household income by neighborhood and spatial submarkets based on location by district are determinant for Ankara. Data were collected from one of Turkeys largest real estate websites on the dwelling units being advertised for sale in the nine central districts of Ankara between January and September 2021. Data were analyzed by hedonic regression model. Empirical results reveal that although a single market does not effectively reflect a realistic price structure, location by districts and average household income by neighborhood do affect the price of housing in each submarket. Each submarket has its own dynamics and the housing price structure in each submarket depends on different variables. For Ankara, spatial submarkets have more explanatory power than socio-economic submarkets.

 The housing market consists of heterogeneous products with different housing characteristics. Due to its heterogeneity, the housing market is better analyzed by dividing it into different homogeneous groups, especially submarkets with similar spatial, environmental and physical characteristics, rather than a single homogeneous market. This article discusses the housing submarkets by using the current housing supply in Ankara. In this context, it investigates whether the analysis for the city as a whole reflects a realistic housing price structure. Moreover, it seeks an answer the question of whether socio-economic submarkets based on average household income by neighborhood and spatial submarkets based on location by district are determinant for Ankara. Data were collected from one of Turkeys largest real estate websites on the dwelling units being advertised for sale in the nine central districts of Ankara between January and September 2021. Data were analyzed by hedonic regression model. Empirical results reveal that although a single market does not effectively reflect a realistic price structure, location by districts and average household income by neighborhood do affect the price of housing in each submarket. Each submarket has its own dynamics and the housing price structure in each submarket depends on different variables. For Ankara, spatial submarkets have more explanatory power than socio-economic submarkets.

 The housing market consists of heterogeneous products with different housing characteristics. Due to its heterogeneity, the housing market is better analyzed by dividing it into different homogeneous groups, especially submarkets with similar spatial, environmental and physical characteristics, rather than a single homogeneous market. This article discusses the housing submarkets by using the current housing supply in Ankara. In this context, it investigates whether the analysis for the city as a whole reflects a realistic housing price structure. Moreover, it seeks an answer the question of whether socio-economic submarkets based on average household income by neighborhood and spatial submarkets based on location by district are determinant for Ankara. Data were collected from one of Turkeys largest real estate websites on the dwelling units being advertised for sale in the nine central districts of Ankara between January and September 2021. Data were analyzed by hedonic regression model. Empirical results reveal that although a single market does not effectively reflect a realistic price structure, location by districts and average household income by neighborhood do affect the price of housing in each submarket. Each submarket has its own dynamics and the housing price structure in each submarket depends on different variables. For Ankara, spatial submarkets have more explanatory power than socio-economic submarkets.

Makale detayları

Evaluation of Housing Submarkets on the Example of Ankara Metropolitan Area

Yazarlar:

Tanyel Özelçi Eceral | Tuğba Kütük

Yayıncı:

İdeal Kent Yayınları

Ana Başlıklar:

Konut Piyasası | Kalkınma ve Yönetim

Dergi:

İDEALKENT Vol.15 Issue 41, pp.630-665

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001301522

pISSN:

1307-9905

Housing submarkets

hedonic regression model

AnkaraKonut alt piyasaları

hedonik regresyon modeli

Ankara

Sayı

Makale detayları

Evaluation of Housing Submarkets on the Example of Ankara Metropolitan Area

Yazarlar: Tanyel Özelçi Eceral | Tuğba Kütük

Yayıncı: İdeal Kent Yayınları

Ana Başlıklar: Konut Piyasası | Kalkınma ve Yönetim

Dergi: İDEALKENT Vol.15 Issue 41, pp.630-665

Belge Tipi: Makale

Yayın Tarihi: 11/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001301522

pISSN: 1307-9905

Housing submarkets

hedonic regression model

AnkaraKonut alt piyasaları

hedonik regresyon modeli

Ankara

Sayı

Yazarlar:

Tanyel Özelçi Eceral | Tuğba Kütük

Yayıncı:

İdeal Kent Yayınları

Ana Başlıklar:

Konut Piyasası | Kalkınma ve Yönetim

Dergi:

İDEALKENT Vol.15 Issue 41, pp.630-665

Belge Tipi:

Makale

Yayın Tarihi:

11/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001301522

pISSN:

1307-9905