Housing Affordability Index Calculation Integrating Income Inequality in Turkey
Agriculture and Rural Development Support Institution (Turkey)
Department of Business Administration
Istanbul University - Faculty of Business Administration, Department of Finance
February 1, 2011
Empirical Economics Letters, Vol. 10, No. 4, pp. 359-367, April 2011
This paper is the first attempt that computes Housing Affordability Index (HAI) for an emerging country’s housing market. The calculation is based on a method that takes into account the regional and income differences through putting income distribution and house price distribution simultaneously in the model. We use data for the biggest seven cities of Turkey for the time period of June 2007-December 2009. Results indicate that housing is still unaffordable for households with average incomes in Turkey.
Number of Pages in PDF File: 9
Keywords: Housing, Income Distribution, Turkey
JEL Classification: R10, R31, R21Accepted Paper Series
Date posted: February 6, 2012
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 0.312 seconds