Purpose – This paper aims to examine the convergence pattern of residential house prices in a panel of 55 major cities in Turkey over the period between 2010 and 2018 and to investigate the determinants of convergence ...

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. ...

Turkey is the world’s biggest refugee hosting nation, and Istanbul, Turkey’s commercial capital and Europe’s largest metropolitan city by population, is home to almost 1,500,000 Syrians. We investigate the short-run impact ...

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 ...