This volume discusses the characteristics of the Turkish real estate market from different perspectives and presents the current legal, economic, and institutional framework for real estate activities in Türkiye. The chapters discuss case studies of domestic market players and illustrate how the Turkish real estate market is evolving. The volume will appeal not only to national and foreign investors, asset managers, rating companies and financial institutions but also to professionals from the real estate market.

Offers a framework and an overview for understanding Turkey's real estate markets Compiles contributions from multi-disciplinary practitioners and academics to provide various perspectives Discusses real estate topics critical for financial transactions

Autorentext

Prof. Dr. Tobias Just is the Managing and Academic Director at the IRE|BS Immobilienakademie and holds a professorship in Real Estate at the University of Regensburg, Germany. His academic journey includes studies in Economics at the University of Hamburg, Germany, and at Uppsala University in Sweden. His doctoral thesis was honoured with the university science prize in 2001. Prof. Just has contributed extensively to his field, with over 250 publications in scholarly and professional journals and books, including 17 authored books covering various topics in real estate and economics. He has served as President of the German Society of Property Researchers (GIF) and as an editor for ZIÖ, the German Journal of Real Estate Research. In 2017, Prof. Just was named a Fellow of the Royal Institution of Chartered Surveyors (RICS).

Prof. Dr. Harun Tanrvermi is the Head of the Department of Real Estate Development and Management, Ankara University. He serves as the Dean of the Faculty of Applied Science at Ankara University, Türkiye. He previously served as the Construction Works and Real Estate Development Coordinator at Ankara University from 2012 to 2020 and is currently serving as Vice Rector of the university. He represents the Department of Real Estate Development and Management at Ankara University in various international institutions. Additionally, he was a board member of the Appraisers Association of Türkiye from 2014 to 2019, and continues to serve in this role into 2023. In 2019, Prof. Harun was inducted as a Member of the Royal Institution of Chartered Surveyors (RICS) and was appointed as a Professor of Land and Real Estate Economics, Valuation, and Land, Facility and Property Management since 1997.

Prof. Dr. Yeim Tanrvermi is a Professor at the Department of Real Estate Development and Management, Faculty of Applied Sciences at Ankara University, Türkiye. She has held positions as a Faculty Board Member, undergraduate and graduate student advisor, member of the student support commission, and relations coordinator with public and private institutions since 2016. Additionally, she served as a board member of the Appraisers Association of Türkiye from 2019 to 2023. In 2020, Prof. Yeim was inducted as a Member of the Royal Institution of Chartered Surveyors (RICS) and was promoted to the rank of Professor of Land and Real Estate Economics, Valuation, Land Management and Administration, Natural and Cultural Heritages Conservation Policies and Practices since 2016.

Inhalt

Chapter 1. Understanding Real Estate Markets in Türkiye An Introduction.- Chapter 2. The Institutional Structure of Real Estate in Türkiye.- Chapter 3. An International Perspective on Real Estate Investments in Türkiye.- Chapter 4. Urban Policies and Urban Development in Türkiye.- Chapter 5. Socio-economic Structure and Its Implications for Real Estate Markets.- Chapter 6. Facts and Figures of Real Estate in Türkiye: Data Sources and Institutional Framework.- Chapter 7. The Impacts of Recent Crises on REITs in Türkiye.- Chapter 8. The Scope of Property Rights and Real Estate Ownership - A Comparative Analysis.- Chapter 9. Urban Land and Spatial Management in Türkiye: Challenges and Perspectives.- Chapter 10. Real Estate Valuation System and Professionalisation in Türkiye.- Chapter 11. Evaluation of Tax Initiatives for the Improvement of Real Estate Markets within the Framework of Real Estate Taxation in Türkiye.- Chapter 12. Assessments of Real Estate Finance System and Instruments in Türkiye.- Chapter 13. Real Estate Investment Trusts in Türkiye.- Chapter 14. Foreigners' Real Estate Acquisition and Citizenship Dynamics in Türkiye.- Chapter 15. Real Estate Investments Options and Strategies in Türkiye.- Chapter 16. Real Estate Investment Funds, Investment Options and the Requirements of Islamic Funds in Türkiye.- Chapter 17. Does integrating PropTech into Turkish Sukuk investment provide an effective alternative for delivering affordable and social housing in Türkiye?.- Chapter 18. Sustainability in Real Estate Development Projects.- Chapter 19. Real Estate Markets and Submarkets in Türkiye.- Chapter 20. Dynamics of the Housing Market in Türkiye: Housing Prices and Bubble Risk.- Chapter 21. Facility, Property and Asset Management and the Practices.- Chapter 22. Digitalisation in the Real Estate Sector in Türkiye.- Chapter 23. The Process of Risk Analysis and Decision Making in Real Estate Development Projects.- Chapter 24. Planning and Building Laws in Türkiye.- Chapter 25. Urban Transformation and Informal Housing Areas Upgrading Practices and Policies in Türkiye.- Chapter 26. Urban Infrastructure Provision and Real Estate Markets.- Chapter 27. PublicPrivate Partnership Practices in Infrastructure and Real Estate Projects and Policy Implications.- Chapter 28. Public Real Estate Management in Türkiye.- Chapter 29. Policies and Practices for Reducing Emissions and Improving Energy Efficiency in Real Estate.- Chapter 30. Evaluation of Policies Regarding Productive Agricultural Land and Protected Natural Areas, Sustainability, and Their Impact on Real Estate Markets.- Chapter 31. Heritage Conservation Policies and Real Estate Markets Linkages.- Chapter 32. Real Estate Education, Research Systems, and Professionalisation Trends in Türkiye.- Chapter 33. The Effect of Coastal Areas Management on Real Estate.- Chapter 34. Land Resources and Rural Land Management and Policies.- Chapter 35. Prospects for Improvement in the Real Estate Sector in Türkiye.