This paper shows that macroeconomic uncertainty affects the housing market in two significant ways. First, uncertainty shocks adversely a¤ect housing prices but not the quantities that are traded. Controlling for a broad set of variables in fixed-effects regressions, we find that uncertainty...

The paper explores the housing market, urban densification, and government policy interventions due to COVID-19 in Turkey. From 1980 to 2019, the share of urban population in Turkey increased from 43.78% to 75.14% (UN DESA, 2018) and simultaneously the housing production has been increased more...

The outbreak of COVID-19 has been an unprecedented disruptor in the world´s social and economic fabric. However, the crisis has only barely affected the real estate market, which continues its upward trend in many countries as of the fourth quarter of 2020. Drivers of housing prices and...