Konut Sektöründe Kapitalizasyon Oranlarını Belirleyen Faktörler: Türkiye İçin Bir Mikro-Veri Analizi

Abuzer Pinar and Murat Demi̇r

Sosyoekonomi Journal, 2014, issue 22(22)

Abstract: The capitalization rate is important in demand for houses either for dwelling or for an alternative financial investment. A portfolio holder may buy a house to live in or to maintain the value of his/her financial saving. On the other hand, one may prefer a mortgage loan to buy a house to live in, instead of paying rent. A rationale for such behaviors is the capitalization rate. In this study, we utilize a set of micro-data collected from the various advertising sources open to public, and compute capitalization rates, and then estimate those rates on a set of variables related to house characteristics. Our findings show that the capitalization rates are higher for second hand houses, probably because of higher maintenance expenses. Also the size, the distance to city center, and some other factors seem to significantly affect the capitalization rates.

Keywords: Capitalization Rate; Demand for Housing; Regression. (search for similar items in EconPapers)
JEL-codes: C80 R21 R31 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dergipark.gov.tr/download/article-file/197803

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sos:sosjrn:140218

Access Statistics for this article

More articles in Sosyoekonomi Journal from Sosyoekonomi Society Cihan St. 27/7 06430 Sihhiye Ankara Turkey.
Bibliographic data for series maintained by Aysen Sivrikaya ().