The purpose of this paper is to examine whether there is a bubble in the Turkish housing market during the period of 2006–2018. In conjunction with the irrational bubble theory, this study applies the Pitros and Arayici (Int J Hous Mark Anal 9(2):190-221, 2016. 10.1108/IJHMA-01-2015-0002) bubble algorithmic model. The empirical results reveal that the Turkish housing market was in a bubble during 2013–2017 period, the peak/last year of the bubble is the year 2017 and that the bubble-bust occurred in 2018. The foremost contribution of this study is that it is the first to document a historical housing bubble episode for Turkey using the premises of irrational bubble theory and the first to apply an algorithmic approach to assess the bubble risk for the period of 2006 and 2018. As to the implications, this documented model may be used as a tool to enhance policymakers' knowledge toward the early identification of housing bubbles.

本文的目的是检验 2006 年至 2018 年期间土耳其房地产市场是否存在泡沫。结合非理性泡沫理论，本研究应用了 Pitros 和 Arayici (Int J Hous Mark Anal 9(2):190-221, 2016. 10.1108/IJHMA-01-2015-0002) 泡沫算法模型。实证结果表明，土耳其房地产市场在 2013-2017 年期间处于泡沫之中，泡沫的顶峰/最后一年是 2017 年，泡沫破灭发生在 2018 年。这项研究的最重要贡献是它是第一个使用非理性泡沫理论的前提记录土耳其历史房地产泡沫事件的人，也是第一个应用算法方法评估 2006 年和 2018 年期间泡沫风险的人。至于影响，