“…On the other hand, the housing supply in smart cities is influenced by a complex interplay of various factors, including financing costs, construction costs, vacancy rates, and regulatory constraints [26]. Studies have shown that financing costs, such as interest rates, have a negative effect on housing starts-a crucial economic indicator, as it reflects the health and direction of the housing market and, by extension, provides insights into broader economic conditions [12]. Similarly, construction costs, including material and wage costs, can also affect the housing supply, although the results are inconclusive in some cases [19].…”