Examining the Effect of Specific Macroeconomic Determinants on Housing Prices Using the ARDL Bound Test Approach: The Case of the TR3 Region

The housing price index is one of the key economic indicators reflecting changes in housing prices in a country or region. This index is of critical importance, particularly for investors and financial institutions, in making short- and long-term investment decisions. Various macroeconomic variables affect the housing price index. Therefore, examining the effects of macroeconomic factors on the housing price index is of great importance. In this study, using data from the period 2020:4–2024:12,