‘The people next door’: housing and neighbourhood in eighteenth-century Ottoman Edirne

Ali Coskun Tuncer and Gürer Karagedikli ()
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Gürer Karagedikli: Middle East Technical University

No 16010, Working Papers from Economic History Society

Abstract: "In this paper we compile a new dataset of c.1200 house sale contracts from one of the major cities of the Ottoman Empire (Edirne) covering the period from 1734 to 1814. We address the question of determinants of house prices by relying on modern econometric techniques, and estimate a hedonic price index. We also empirically test for the existence of income and religious segregation and price discrimination in the housing market. We show that the demand for houses was mainly driven by their proximity to the commercial centre and their size. Moreover, the housing market was subject to religious segmentation, and the cost of switching micro- neighbourhoods across religious groups was considerably high. Our hedonic price index suggests that house prices significantly increased in nominal terms during this period; however, this increase did not closely follow the loss of value of the Ottoman currency."

Keywords: "Housing market; hedonic prices; religious segregation; price discrimination; Ottoman Empire" (search for similar items in EconPapers)
JEL-codes: N35 N95 R31 (search for similar items in EconPapers)
Date: 2016-04
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