The purpose of this study is to develop an understanding of the dynamics of the real estate market in Istanbul. As a result of the unavoidable delays in perception of the real estate condition and construction of new buildings, the market variables are strongly oscillatory. A system dynamics model is constructed to understand the reasons of oscillations in real estate prices in Istanbul from the perspective of a construction company. The model includes the factors effecting the speed and size of the construction side (supply) and sales (demand). The model focuses on the balance/imbalance between housing supply and demand as a result of fundamental material and information delays, rather than costs and interest rates. Different scenarios are tested to improve the current oscillatory behavior. This model can serve as a simulation basis for predicting the reaction of the market to changes in the decisions of internal players and external inputs.

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Date created

• 2007 July 29-2007 August 2

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

Part of

298eed5a7fe199ac661be72f3a39f134

Scope and Contents

Part of

0619e689ce89476bfd3b88323c5a9410

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives