Interaction of Housing Values Between Districts of Istanbul: Case Study From 2001-2005

Kerem Yavuz Arslanli ()

ERSA conference papers from European Regional Science Association

Abstract: The objective of this paper is to examine residential location and housing value relations in Istanbul. In order to assess the degree of relation the Moran’I test of statistical distribution method is used. The dataset includes 4 municipalities and 1.2 million households in 63 sub-districts. From 2000 to 2005 the change in the sales prices of the house values after the 1999 earthquake and before the 2001 economic crisis to the real estate boom of 2004. Main aim to select the location on the asian side of istanbul is to found a correlation in the highly residential part of à stanbul. The other is the limitation of the Moran’I test on spatial statistics and the Bosphorus . Findings of the analysis indicates that residential location and housing values are correlated in low significance value in Moran’I test (R=0.3542), but even this shows the positive interaction and one of the drawbacks of the dataset is to be on the Borders of the Local Municipalities that we have to set on. In general terms the new dataset is widen to the metropolitan borders of à stanbul in order to obseve high R values.

Date: 2006-08
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Persistent link: https://EconPapers.repec.org/RePEc:wiw:wiwrsa:ersa06p549

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