The effect of COVID-19 pandemic on residential real estate prices: Turkish case
This study investigates the effect of the COVID-19 pandemic on the residential real estate prices in Turkey. This study indicates the effect of COVID-19, loan package, macroeconomic and behavioral control variables on abnormal returns of residential real estate prices during the event window. This s...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2021-10-01
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| Series: | Quantitative Finance and Economics |
| Subjects: | |
| Online Access: | https://aimspress.com/article/doi/10.3934/QFE.2021028?viewType=HTML |
| _version_ | 1818988372019904512 |
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| author | Selahattin Kaynak Aykut Ekinci Havvanur Feyza Kaya |
| author_facet | Selahattin Kaynak Aykut Ekinci Havvanur Feyza Kaya |
| author_sort | Selahattin Kaynak |
| collection | DOAJ |
| description | This study investigates the effect of the COVID-19 pandemic on the residential real estate prices in Turkey. This study indicates the effect of COVID-19, loan package, macroeconomic and behavioral control variables on abnormal returns of residential real estate prices during the event window. This study consists of three econometric steps. Firstly, the abnormal returns of the residential real estate prices are obtained by using an event study. Secondly, the effect of the COVID-19 pandemic on abnormal returns of residential real estate prices was estimated by panel data analysis for regional and city levels. According to the findings of the city level, the COVID-19 pandemic has a negative effect on abnormal returns of residential prices, as expected. However, the regional analysis shows mainly a positive COVID-19 effect. |
| first_indexed | 2024-12-20T19:21:32Z |
| format | Article |
| id | doaj.art-554cd0f08330493aa0d198a405e284d0 |
| institution | Directory Open Access Journal |
| issn | 2573-0134 |
| language | English |
| last_indexed | 2024-12-20T19:21:32Z |
| publishDate | 2021-10-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | Quantitative Finance and Economics |
| spelling | doaj.art-554cd0f08330493aa0d198a405e284d02022-12-21T19:28:59ZengAIMS PressQuantitative Finance and Economics2573-01342021-10-015462363910.3934/QFE.2021028The effect of COVID-19 pandemic on residential real estate prices: Turkish caseSelahattin Kaynak0Aykut Ekinci1Havvanur Feyza Kaya21. Department of International Business and Commerce, Samsun University, Samsun, Turkey2. Department of Economics and Finance, Samsun University, Samsun, Turkey1. Department of International Business and Commerce, Samsun University, Samsun, TurkeyThis study investigates the effect of the COVID-19 pandemic on the residential real estate prices in Turkey. This study indicates the effect of COVID-19, loan package, macroeconomic and behavioral control variables on abnormal returns of residential real estate prices during the event window. This study consists of three econometric steps. Firstly, the abnormal returns of the residential real estate prices are obtained by using an event study. Secondly, the effect of the COVID-19 pandemic on abnormal returns of residential real estate prices was estimated by panel data analysis for regional and city levels. According to the findings of the city level, the COVID-19 pandemic has a negative effect on abnormal returns of residential prices, as expected. However, the regional analysis shows mainly a positive COVID-19 effect.https://aimspress.com/article/doi/10.3934/QFE.2021028?viewType=HTMLthe residential real estate pricesevent studypanel datacovid-19 |
| spellingShingle | Selahattin Kaynak Aykut Ekinci Havvanur Feyza Kaya The effect of COVID-19 pandemic on residential real estate prices: Turkish case Quantitative Finance and Economics the residential real estate prices event study panel data covid-19 |
| title | The effect of COVID-19 pandemic on residential real estate prices: Turkish case |
| title_full | The effect of COVID-19 pandemic on residential real estate prices: Turkish case |
| title_fullStr | The effect of COVID-19 pandemic on residential real estate prices: Turkish case |
| title_full_unstemmed | The effect of COVID-19 pandemic on residential real estate prices: Turkish case |
| title_short | The effect of COVID-19 pandemic on residential real estate prices: Turkish case |
| title_sort | effect of covid 19 pandemic on residential real estate prices turkish case |
| topic | the residential real estate prices event study panel data covid-19 |
| url | https://aimspress.com/article/doi/10.3934/QFE.2021028?viewType=HTML |
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