REAL ESTATE VALUATION

REAL ESTATE VALUATION

SUMMARY The increase of the economical significance of the immovable assets as parallel to the development of the real estate sector in our country, the search of “actual value” arising out of the principle of Free Market Board to protect the small investors, the fixation of value during the purchase, sale, take over and bartering of the institutional premises, the analysis of the bank actives in accordance with objective criteria depending on the re-structuring of the financial sector are the factors which contribute to the development of this market. Turkey is among the countries where the real estate market is extremely active. Despite the fact that the real estate has been the most popular means of investment for a long time, the number of investors has remained limited. Insufficient savings and capital accumulation in Turkey is the main reason for this condition. It depends on building a long-term financing system to increase the standard of living of Turkish people and to meet the residential demand. Such reasons as high inflation and economical uncertainty, which have obstructed putting the long-term financing models into practice up to the present, have begun to disappear. Together with the positive economical developments; the matter of adapting and practicing the longterm real estate financing models which have particularly been being practiced in American economy for a long time has been put into question. The system to be built will both ensure a long-term real estate financing and give the Turkish people the chance to own quality residences at international standards. After all, new needs have arisen and the demand for credible persons and companies which are qualified and specialized in valuation processes has increased. As a natural outcome of all these developments, the reports that reflect the actual value of the assets have become vital for the economic life. In this respect, inside the boundary of various municipalities of Istanbul Province a lot of practices have been implemented with comparison, cost and revenue methods which are the three methods and ways used and followed in the valuation of the immovable properties, and it was analyzed that which method should be used at which immovable property and aimed that how to prepare the reports. As a result, anyhow the type of immovable properties, it was concluded that if there is enough data value fixation shall be more eligible with precedent comparison method, with cost method in constructed immovable properties, with revenue method at revenue generating constructed and unconstructed immovable properties.

Bir cevap yazın

E-posta hesabınız yayımlanmayacak. Gerekli alanlar * ile işaretlenmişlerdir