COVID-19 Pandemıc Effect On House Price Index In Turkey: An Interrupted Time Series Analysis

Authors : Ozge Pasin, Senem Gönenç

Pages : 42-47

Doi:10.52835/19maysbd.1386441

View : 61 | Download : 78

Publication Date : 2024-03-30

Article Type : Research Paper

Abstract :The COVID-19 pandemic has had a significant impact on various aspects of everyday life,and the housing market is one of these factors.The purpose of this study is to investigate the effects of the COVID-19 pandemic on the housing market. In this context, the study analyzed the House price index(HPI) data for Turkey between 2018-2022 using the interrupted time series analysis(ITS) method to examine the effects of COVID-19 on the housing market. According to the analysis, there has been a decrease in the HPI immediately after COVID-19 and this decrease is statistically significant(-105.726 and p=0.003). However, it has been found that the trend of this decrease has changed and also, it has been determined that the housing price index has increased by 14.521 points every month and year(p=0.001). As a result,this study, which shows statistically significant effects, has revealed that COVID-19 pandemic has caused significant changes in housing prices throughout Turkey.
Keywords : COVID 19, Zaman serileri, Ev Fiyatları