SEMINAR: What Drives House Prices in Turkey?
School of Management and Administrative Sciences Seminar: What Drives House Prices in Turkey? Evidence from Linear and Nonlinear ARDL Models
19.09.2017 13:00
YER : Batı Kampüsü - 2008
​​​​​​​​​​​​​The paper investigates main drivers of house prices in Turkey between 2010 and 2016. In particular, it focuses on the impact of bank lending, interest rates and income on the house prices using both linear and nonlinear autoregressive distributed lag models. Results indicate that bank lending to nonfinancial sector is significantly positively associated with house prices; meaning that high liquidity in the funds market is an important driver of house prices in Turkey.

* The language of the event is English.

Lokman Gündüz
Dr. Lokman Gündüz served as a board member at the Central Bank of the Republic of Turkey between 2005 and 2017. On the behalf of Central Bank, he also worked as a board risk management committee member at the International Islamic Liquidity Management Corporation for the last four years. Previously he served as a financial analyst at Ziraat Bank, as a research assistant at Marmara University, as a full-time lecturer at Beykent University, and as a member of auditing committee at Yapı ve Kredi Bank. Dr. Gündüz has various papers published in national and international academic journals on banking and capital markets.