Turkish residential real estate investment analysis
Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2007.
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| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
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Massachusetts Institute of Technology
2008
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| Online Access: | http://hdl.handle.net/1721.1/42013 |
| _version_ | 1826217490280087552 |
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| author | Ciller, Berk (Berk U.) |
| author2 | John Kennedy. |
| author_facet | John Kennedy. Ciller, Berk (Berk U.) |
| author_sort | Ciller, Berk (Berk U.) |
| collection | MIT |
| description | Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2007. |
| first_indexed | 2024-09-23T17:04:29Z |
| format | Thesis |
| id | mit-1721.1/42013 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T17:04:29Z |
| publishDate | 2008 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/420132019-04-10T22:41:28Z Turkish residential real estate investment analysis Ciller, Berk (Berk U.) John Kennedy. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Massachusetts Institute of Technology. Dept. of Urban Studies and Planning. Urban Studies and Planning. Thesis (S.M. in Real Estate Development)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2007. This electronic version was submitted by the student author. The certified thesis is available in the Institute Archives and Special Collections. Includes bibliographical references (leaves 59-61). This paper examines the investment potential for Turkish Residential Real Estate Market, focusing mainly on Istanbul. With a stable economy since 2002, dynamic population, geo-political location and the potential accession to EU, Turkey provides exciting opportunities to local and international investors. Turkish economy, worldwide, ranks at twentieth in terms of GDP level and in 2005, ULI/ PriceWaterhouseCoopers has ranked Istanbul as the top development market. The question the paper is trying to answer is: Does Turkey's Residential Real Estate Market provide an attractive investment opportunity? To determine this I have reviewed the following factors: economic forecasts, political stability, newly enacted mortgage market, FDI forecasts, potential for foreign real estate ownership, current status & future predictions of real estate sector, potential of EU accession and comparison to Spanish & Romanian real estate markets. The method I used to accomplish this was mainly literature review and interviews with real estate brokers/developers. Turkey's economic stability, developing mortgage market, continuing FDI, foreigners' investment in vacation houses, improving legal transparency and potential accession to European Union makes Turkey, especially Istanbul, an increasingly attractive market. On the other hand, political stability is crucial for economic stability. In addition, slow legal system, unregistered construction activity, insufficient quality of some buildings and limited infrastructure in certain parts of the country remain to be problematic issues. Considering Turkey's opportunities and risks, it is a top investment destination in Europe, dependent on sustainable political stability, an improved mortgage & legal system and successful implementation of EU accession plan. by Berk Ciller. S.M.in Real Estate Development 2008-09-02T17:48:57Z 2008-09-02T17:48:57Z 2007 2007 Thesis http://hdl.handle.net/1721.1/42013 226316618 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 62 leaves application/pdf Massachusetts Institute of Technology |
| spellingShingle | Urban Studies and Planning. Ciller, Berk (Berk U.) Turkish residential real estate investment analysis |
| title | Turkish residential real estate investment analysis |
| title_full | Turkish residential real estate investment analysis |
| title_fullStr | Turkish residential real estate investment analysis |
| title_full_unstemmed | Turkish residential real estate investment analysis |
| title_short | Turkish residential real estate investment analysis |
| title_sort | turkish residential real estate investment analysis |
| topic | Urban Studies and Planning. |
| url | http://hdl.handle.net/1721.1/42013 |
| work_keys_str_mv | AT cillerberkberku turkishresidentialrealestateinvestmentanalysis |