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House prices in the Ottoman Empire: evidence from eighteenth‐century Edirne†
The Economic History Review ( IF 1.4 ) Pub Date : 2020-07-26 , DOI: 10.1111/ehr.13001
Gürer Karagedikli 1 , Ali Coşkun Tunçer 2
Affiliation  

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.

中文翻译:

奥斯曼帝国的房价:18世纪的埃迪尔内的证据†

这项研究使用了一个新的数据集,该数据集涵盖了从2020年到1814年这段时间里,来自爱迪尔奥斯曼帝国主要城市之一的2246份房屋买卖的公证行为。它估计了房屋市场的享乐房价和城市财富不平等。它表明,房屋的大小,靠近商业中心的位置,获得淡水的条件以及家庭关系是相对房价的重要决定因素。这些发现也适用于市场的不同四分位数,表明市场细分有限。它表明,随着房价的分散,十八世纪住房财富不平等现象加剧。享乐主义的房屋价格指数提供了证据,表明在1768-74年的俄土战争之后,经通货膨胀因素调整后的房屋价格大幅下降。
更新日期:2020-07-26
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