Turkish housing loans drive economic growth amidst global financial turmoil.
The article examines factors influencing housing loans in Turkey to understand how they impact the mortgage market. By analyzing various economic indicators and household variables, the researchers found dynamic relationships between housing loans and the economy. They used a vector error correction model and granger causality tests to show how factors like inflation, unemployment, interest rates, and house prices affect housing loans. The study also introduced a longer period house price index to provide a more comprehensive view of the housing market in Turkey.