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Buying Citizenship: A Boon to District-Level House Prices in Istanbul
(Taylor & Francis Group, 2022)
Citizenship by investment (CBI) programs have recently garnered significant
academic and media attention. Turkey introduced such a program in
2017 that offers citizenship in exchange for investment in residential
property. ...
Exuberant Behaviour in The Istanbul Housing Market Before and During The Time of The COVID-19 Pandemic: Evidence from The Aggregate and Disaggregate Levels
(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 ...