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Exuberant Behaviour in The Istanbul Housing Market Before and During The Time of The COVID-19 Pandemic: Evidence from The Aggregate and Disaggregate Levels

Gündüz, Lokman; Tekin, Sumeyye Büşra; Özer, Merve; Genç, İsmail H. (Taylor & Francis, 2023)

We study mildly explosive behaviour in house prices in Istanbul at both aggregate and disaggregate levels via GSADF tests. In contrast to previous studies, our results suggest multiple episodes of price exuberance in ...