Analysis of Factors Affecting Housing Sales in Turkey

Studies on housing in the field of macroeconomics have increased in recent years.Factors affecting housing sales in Turkey were investigated in this study.After the 2008 global financial crisis on the exchange rate in Turkey, the consumer price index (CPI), deposit interest rate, index of industrial production and the impact on home sales of relations between the employment rate was examined in this study, in the period between 2013 to 2019 years of real estate sales volume in Turkey It is aimed to reveal the causality relationships between and the factors affecting the sales amounts. As a result of the Johansen cointegration and Granger causality tests for the period of January 2013 to December 2013; a cointegration in other words long relationship among housing sales indexand Dollar/TL exchange rate, deposit rates, industrial production index was found.In addition a bidirectional casuality runs between housing sales index and industrial production index while a unidirectional casuality runs from deposit rates and CPI to housing sales index, also from housing sales index to employment.