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Housing Affordability Index Calculation Integrating Income Inequality in TurkeyMehmet AsiciAgriculture and Rural Development Support Institution (Turkey) Ozlem YilmazDepartment of Business Administration Ali HepsenIstanbul University - Faculty of Business Administration, Department of Finance February 1, 2011 Empirical Economics Letters, Vol. 10, No. 4, pp. 359-367, April 2011 Abstract: 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, R21 Accepted Paper SeriesDate posted: February 6, 2012Suggested CitationContact Information
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