eprintid: 10095900 rev_number: 30 eprint_status: archive userid: 608 dir: disk0/10/09/59/00 datestamp: 2020-04-27 13:26:28 lastmod: 2020-09-21 07:52:46 status_changed: 2020-09-21 07:52:46 type: article metadata_visibility: show creators_name: Karagedikli, G creators_name: Tuncer, A title: House prices in the Ottoman Empire: evidence from eighteenth-century Edirne ispublished: inpress divisions: UCL divisions: A01 divisions: B03 divisions: C03 divisions: F28 note: This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. abstract: 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. date: 2020-11 date_type: published publisher: Wiley-Blackwell official_url: https://doi.org/10.1111/ehr.13001 oa_status: green full_text_type: pub language: eng primo: open primo_central: open_green verified: verified_manual elements_id: 1778311 doi: 10.1111/ehr.13001 lyricists_name: Tuncer, Ali lyricists_id: ACTUN18 actors_name: Tuncer, Ali actors_id: ACTUN18 actors_role: owner full_text_status: public publication: The Economic History Review issn: 0013-0117 citation: Karagedikli, G; Tuncer, A; (2020) House prices in the Ottoman Empire: evidence from eighteenth-century Edirne. The Economic History Review 10.1111/ehr.13001 <https://doi.org/10.1111/ehr.13001>. (In press). Green open access document_url: https://discovery.ucl.ac.uk/id/eprint/10095900/1/Tuncer_ehr.13001.pdf