 Analysis of house price fluctuations in a speculative housing market: Evidence from three Metropolitan Cities in TurkeyLeyla Alkan Gökler International Planning Studies, 2025, vol. 30, issue 4, 487-505 Abstract: This research shows how to implement an instrument for detecting house price speculation in an emerging economy like Turkey. There had been a steady and extraordinary increase in house prices in Turkey in the last few years- out of reach of most income groups. Therefore, understanding the dynamics behind the increasing housing prices in Turkey will contribute significantly to the literature in terms of revealing the different aspects of speculative housing markets. The reasons for rising house prices are examined by conducting a multiple linear regression model with six independent variables and Housing Unit Prices as the dependent variable. The results of the study revealed that house prices have increased more than the CPI, and that housing remains severely unaffordable in the country. The results present some evidence of the process of speculation as a possible determinant of house prices as prices rise out of line with most fundamentals. Date: 2025 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:cipsxx:v:30:y:2025:i:4:p:487-505 Ordering information: This journal article can be ordered from DOI: 10.1080/13563475.2025.2541818 Access Statistics for this article International Planning Studies is currently edited by Shin Lee, Scott Orford and Francesca Sartorio More articles in International Planning Studies from Taylor & Francis Journals |
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