House prices in the Ottoman Empire
Evidence from eighteenth-century Edirne
Bibliographic Data
| ID | 3279855 |
|---|---|
| Authors | Gürer Karagedikli (0000-0001-7846-6052, Middle East Technical University), Ali Coşkun Tunçer (0000-0002-7652-7461, University College London, corresponding author) |
| Year | 2021 |
| Volume | 74 |
| Issue | 1 |
| Pages | 6-33 |
| Publication date | 2021-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.13001 |
| OpenAlex | W3044771224 |
| Language | EN |
| Citations received | 8 |
| References cited | 39 |
This study uses a new dataset of 2,246 notarial deeds of house sales from one of the major cities of the Ottoman Empire, Edirne, covering the period from 1720 to 1814. It estimates real hedonic house prices and urban wealth inequality for the housing market. It shows that house size, proximity to the commercial centre, access to fresh water, and family ties were important determinants of relative house prices. These findings also apply to the different quartiles of the market, indicating limited market segmentation. It demonstrates that there was an increase in housing wealth inequality during the eighteenth century as house prices became more dispersed. The hedonic house price index provides evidence that inflation-adjusted house prices declined substantially following the Russo-Turkish war of 1768-74. The decline is mainly explained through demographic shocks induced by plague epidemics, natural disasters, and other population movements driven by wars, army mobilization, and political upheavals
Ancient history · Demographic economics · Economic history · Economics · Economy · Empire · House price · Inequality · Inflation (cosmology) · Macroeconomics · Monetary economics · Plague (disease) · Political science · Politics · Population · Price index · Quartile · Sociology · Turkish · Demography · Historical Economic and Social Studies · History · Housing Market and Economics · Islamic Finance and Banking Studies · Law
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Litigants and Neighbors
| Unique citing works | 8 |
|---|---|
| Citations per year | 1,33 |
| Citation span | 2020 - 2026 (7) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 5 |