Relations Among Residential Rent Price Index, Sales’ Volume, REIT Index and Residential Sales Price Index: A Panel Regression Analysis

Nurgün Komşuoğlu Yılmaz
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Nurgün Komşuoğlu Yılmaz: Istanbul Aydin University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2022, vol. 37, issue 118, 257-270

Abstract: This study investigates the relationship among house prices, number of house sales, reit index, and rent index values. Data from ten major cities - Adana, Ankara, Kocaeli, İzmir, Konya, Antalya, Bursa and Gaziantep are included whereas data from Istanbul and Şanlıurfa are excluded since they create extreme value. Panel regression analysis conducted by using the monthly data from 8 major cities between the period from march 2019 to may 2022. Research results indicates that there is a statistically positive relationship among house price index, rent index and reit index and a negative relationship between sale prices and house price index.

Keywords: Panel Regression; House Price; Rent Index; Number Of House Sales; Reit Index. (search for similar items in EconPapers)
JEL-codes: R31 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:37:y:2022:i:118:p:257-270

DOI: 10.33203/mfy.1162196

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