Modeling demand factors for sustainable reconstruction: Insights from Türkiye's earthquake-affected real estate market

The devastating impacts of the February 2023 earthquakes in Türkiye have underscored the urgent need for resilient and sustainable reconstruction in disaster-affected areas. This research paper explores the potential for low carbon investments in the real estate sector to drive the recovery and redevelopment of earthquake-impacted regions. By leveraging demand modeling techniques and analyzing key market indicators, the study aims to identify investment opportunities that can deliver both economic and environmental benefits. The paper draws upon a comprehensive dataset spanning 81 cities from 2013 to 2022, enabling a robust analysis of residential market dynamics, energy consumption patterns, and socioeconomic factors. Through the application of random-effects GLS regression, the research uncovers the determinants of housing demand and the viability of low carbon interventions in post-disaster settlements. The findings offer valuable insights for policymakers, investors, and real estate professionals seeking to promote sustainable and resilient reconstruction efforts. By highlighting the potential for low carbon investments to stimulate economic recovery while mitigating climate change impacts, this paper contributes to the growing body of knowledge on green real estate and disaster risk management.