Özet:

Access to housing can be facilitated through the proper development of housing finance, provision of long-term borrowing and by doing so the housing demand can be easily be met and by doing so it can be possible to increase investment in housing sector. It was evaluated that the construction and real estate sectors and therefore housing prices have associated with many of the macroeconomic factors. The main focus of this study was based on the examination of the relationship between the volume of housing loans from financial institutions issuing long-term mortgages in Turkey with the housing price index, mortgage interest rates, cost of construction index, gross domestic product and industrial production index were assessed. According to the results of the research, it was determined that there is a relationship between the volume of housing loans, house prices index, interest rates on housing loans and the cost of construction index. It has been determined that there is a cointegrated relationship between the variables, on the other hand, the Granger causality test shows that there is a causality of the volume of housing loans and interest rates to housing price index while the cost of construction index and housing price index have mutual Granger causality.

Anahtar Kelimeler: