Spatial Analysis of Residentıal Prices in ISTANBUL
Hilal Esin Coskun
Institute of Applied Mathematics
Place: IAM S212
Date/Time: 28.03.2017 -14.40
Abstract: The main aim of this research is to examine the spatial distribution of housing prices at the metropolian and at the district level of Istanbul. At the metropolian level, the most important factors which affect housing prices are sub-market, floor area and sea view. At the district level, housing prices vary from district to district according to locational, socio-economic and property characteristics. High-income sub-markets have higher coefficient of determinations and more significant variables than low income sub-markets. Furthermore, the results suggest that planned districts have higher housing prices; thus, restructuring squatter areas and revitalizing inner city areas provide not only benefits to individuals but also higher tax revenues to the city.