Assessing the Existence of Housing Bubbles in Istanbul, Ankara and Izmir: A GSADF Method Analysis of New and Old Housing Prices

Need for shelter is the main requirement people. The majority of needs fulfilled through acquisition estates. Housing prices may have been overpriced a variety causes at various times. A bubble asset created when house deviate from basic values. existence property market bubbles has recently received lot attention. House in three provinces (Istanbul, Ankara, and Izmir) were investigated this study between April 2010 October 2022 to assess whether there housing bubble. In order see difference more easily, both new (YKFE) old (YOKFE) examined. study, generalized sup augmented Dickey-Fuller (GSADF) method was preferred because it performed better presence than one balloon. According findings, price detected real estate markets Istanbul Izmir. As different finding, no positive Ankara 2019. Unlike other provinces, downward pricing observed especially İzmir 2012. However, seen addition, can be that negative effect Covid-19 period not İzmir.