External factors, housing values and rents: evidence from survey data
40th Congress of the European Regional Science Association: "European Monetary Union and Regional Policy"
European Regional Science Association (ERSA)
1 - 22
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This study uses a rich survey data to analyze housing values and rents in Istanbul, Turkey. In addition to variables related to location, household characteristics, and the physical characteristics of the property, the data involves a number of “qualitative” questions related to a set of external factors, such as the satisfaction level of the occupants with green area, parks, recreational facilities, transportation, distance to work, and noise. The paper identifies and compares the set of external factors that have a significant impact on property values and rents.