Research Information System
Övenç G., Alkay E., Watkins C.
Newton Programme Project, Newton Fund, Advanced Fellowships Project, 2015 - 2017
Analysis results reflect that aggregate level analysis cannot draw spatial differences detailed
regarding the relationship between economic indicators and housing construction sector
development. Lower spatial scale analysis disclosures spatial differences in detailed and provide
a ground for developing locally consistent policies. Uneven spatial development of housing
construction sector is also needed to be analysed to the extent of lags in the price and supply
adjustment. This would be clarified agenda setting for policy, further, directed establishing area
based policy actions.
The findings from this paper pose some interesting further questions. First, it would be interesting
to develop a greater understanding of the divergence between market fundamentals and housing
construction activity in key economic centres, such as Istanbul, is typical of what might be
observed in other emerging markets where housing construction has also taken on a critical role
in economic development strategies