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Impact of Syrian refugees on house prices in Istanbul

Ismail Genc, Lokman Gunduz and Mete Yagmur

Applied Economics Letters, 2024, vol. 31, issue 5, 450-454

Abstract: Turkey is the world’s biggest refugee hosting nation, and Istanbul, Turkey’s commercial capital and Europe’s largest metropolitan city by population, is home to almost 1,500,000 Syrians. We investigate the short-run impact of refugees on house prices in Istanbul’s districts. We find a negative impact of massive immigration on house prices.

Date: 2024
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DOI: 10.1080/13504851.2022.2138807

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