Refugees and Housing: Evidence from the Mortgage Market

doi:10.1093/wber/lhac024

Publication:
Refugees and Housing: Evidence from the Mortgage Market

creativeworkseries.issn	1564-698X
dc.contributor.author	Akgündüz, Yusuf Emre
dc.contributor.author	Hacıhasanoglu, Yavuz Selim
dc.contributor.author	Yilmaz, Fatih
dc.date.accessioned	2024-03-29T18:52:06Z
dc.date.available	2024-03-29T18:52:06Z
dc.date.issued	2022-12-06
dc.description.abstract	This paper investigates the impact of large-scale Syrian refugee inflows on the Turkish housing market. Employing a micro-level data set of the population of mortgaged houses in Türkiye between 2010 and 2017, it identifies the dynamic effects using a difference-in-differences approach. As the regional distribution of Syrian refugees is presumably not exogenous, it is instrumented in the estimations. The instrument is constructed using the distance from Turkish provinces to each Syrian region, while weighting each Syrian region by their population and distance to Türkiye compared to other destination countries. The results show that house prices increased in response to the arrival of Syrian refugees. The effects are mostly driven by low-priced housing and faded after 2014. The results further show that construction permits and sales increased, while the average age of purchased houses declined, indicating an increase in supply that may explain the fading-out effect over time. Finally, the findings provide suggestive evidence that houses that are sold after the arrival of refugees decline in size, which further points to a squeeze in the housing market for natives.	en
dc.identifier	http://documents.worldbank.org/curated/en/099545209132315921/IDU04e794c3b0c7df0445b0be9f0ce66ebc20daf
dc.identifier.citation	The World Bank Economic Review
dc.identifier.doi	10.1596/41333
dc.identifier.issn	0258-6770 (print)
dc.identifier.issn	1564-698X (online)
dc.identifier.uri	https://hdl.handle.net/10986/41333
dc.language	English
dc.language.iso	en_US
dc.publisher	Published by Oxford University Press on behalf of the World Bank
dc.relation.ispartofseries	World Bank Economic Review
dc.rights	CC BY-NC-ND 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	https://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subject	IMMIGRATION
dc.subject	HOUSING
dc.subject	HOUSE PRICES
dc.title	Refugees and Housing	en
dc.title.subtitle	Evidence from the Mortgage Market	en
dc.type	Journal Article
dspace.entity.type	Publication
okr.associatedcontent	https://academic.oup.com/wber/article/37/1/147/6874774 Journal website (version of record)
okr.crossref.title	Refugees and Housing: Evidence from the Mortgage Market
okr.date.disclosure	2024-03-29
okr.date.lastmodified	2023-09-13T00:00:00Z	en
okr.doctype	Journal Article
okr.doctype	Publications & Research
okr.docurl	http://documents.worldbank.org/curated/en/099545209132315921/IDU04e794c3b0c7df0445b0be9f0ce66ebc20daf
okr.guid	099545209132315921
okr.identifier.docmid	IDU-4e794c3b-c7df-445b-be9f-ce66ebc20daf
okr.identifier.doi	10.1093/wber/lhac024
okr.identifier.doi	https://doi.org/10.1596/41333
okr.identifier.externaldocumentum	34160791
okr.identifier.internaldocumentum	34160791
okr.identifier.report	184868
okr.import.id	3713
okr.imported	true	en
okr.language.supported	en
okr.pagenumber	147-176
okr.pdfurl	http://documents.worldbank.org/curated/en/099545209132315921/pdf/IDU04e794c3b0c7df0445b0be9f0ce66ebc20daf.pdf	en
okr.peerreview	Academic Peer Review
okr.region.administrative	Middle East and North Africa
okr.region.country	Syrian Arab Republic
okr.region.country	Turkiye
okr.topic	Communities and Human Settlements::Human Migrations & Resettlements
okr.topic	International Economics and Trade::International Migration
okr.topic	Communities and Human Settlements::Housing & Human Habitats
okr.topic	Finance and Financial Sector Development::Housing Finance
okr.unit	EFI-MNA-POV-Poverty and Equity (EMNPV)
okr.volume	37 (1)
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relation.isJournalIssueOfPublication.latestForDiscovery	0a20eb86-7a8b-474f-a16d-b325bcf375b1
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