AN ANALYSIS ON THE RELATIONSHIP BETWEEN HOUSING VALUES AND HOUSE-SPECIFIC FACTORS AND ITS NEIGHBOURING AMENITIES IN TURKEY Cover Image

TÜRKİYE’DE KONUT DEĞERİ İLE KONUT VE YAKIN ÇEVRESİNE ÖZGÜ FAKTÖRLERİN İLİŞKİSİ ÜZERİNE BİR ANALİZ
AN ANALYSIS ON THE RELATIONSHIP BETWEEN HOUSING VALUES AND HOUSE-SPECIFIC FACTORS AND ITS NEIGHBOURING AMENITIES IN TURKEY

Author(s): Büşra GEZİKOL, Sinan Esen, Hakan Tunahan
Subject(s): Economy, Business Economy / Management
Published by: Sakarya üniversitesi
Keywords: Construction Industry; Housing Prices; Walkscore;

Summary/Abstract: Aim: This study mainly aims to examine whether the walkability to the daily living activities around the residence is effective on the house prices. For this purpose, the effect of other factors specific to housing on the price has also been tried to be determined. Methods: The relationship between selling prices of 2109 houses in 29 district of Istanbul, which are published on the website of a well-known company that provides real estate services globally, with the Walkability Score (walkscore), the age of the building, the square meter of the apartment, the floor and the income of the district is analyzed by using Least Squares Method. Finding: The results show that walkability has a significant effect on housing prices. Significant effects were also observed for other factors that are effective in house prices. Results: It has been found out that there is a significant effect of walking accessibility to daily living activities around the residence on housing prices. In addition, the analysis has shown that the effect of other factors such as the age of the building, the square meter of the apartment, the floor and the income of the district affect the housing prices at a different level in the same model.

  • Issue Year: 7/2019
  • Issue No: 1
  • Page Range: 65-75
  • Page Count: 11
  • Language: Turkish