İDEALKENT

Yazarlar: Leyla ALKAN

Konular:-

Anahtar Kelimeler:Housing tenure,Home purchase probability,Housing credits,Household budget survey,Ankara

Özet: Literature review has shown the importance of household’s income and mortgage market characteristics in the probability of becoming homeowner. This study seeks to investigate the effects of income and mortgage credits on the probability of purchasing a 3+1 room dwelling units in urban Ankara. The probability is examined by using the data of Household Budget Survey (2003) from Turkish Statistical Institute. Results of calculations show that income constraints are important especially for low-moderate income groups, and housing credits do not offer new homeownership opportunity for households who cannot afford to purchase a dwelling by saving their incomes. Because of high interest rates in mortgage credits, home purchase by saving is economically more profitable than using housing credits for most income groups.

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