| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İŞ177 | Real Estate Financing and Valuation | Elective | 1 | 1 | 6 |
|
| Level of Course Unit |
| Second Cycle |
| Objectives of the Course |
| The aim of the course is to enable students to solve real estate finance problems easily and to think analytically. In this context, students; In the rapidly developing and globalizing world, the basic rules of management and real estate management are theoretically given in accordance with the conditions of the country and the world, and the ways to use scarce resources in the most efficient way are shown. |
| Name of Lecturer(s) |
| Dr. Öğr.Üyesi Eşref KULOĞLU |
| Learning Outcomes |
| 1 | Learns types of mortgages used in real estate financing | | 2 | Calculates cost of loan to the borrower | | 3 | Calculates risk and return of investments in real estate | | 4 | Calculates value of the income properties | | 5 | Comparison of buying and renting alternatives in the real estate sector |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| Fundamental concepts and approaches to real estate finance, real estate finance terminology, financial analysis methods for real estate investment, money and capital markets, institutions and capital resources, fund supply and demand, financial markets: risks and returns, modern portfolio management theory-applications to real estate markets. , credit resources in real estate markets: national and international, credit-cost-profitability relations, long-term housing finance system, financing of land investments and land development investments, real estate evaluation processes and functions in terms of financing, cash flow analysis, computer modelling, credit investment and They are expected to have knowledge of negotiation patterns, feasibility studies, financing of individual projects in different cities and land uses, and computer and numerical analysis, performance measurement and evaluation, and real estate market issues. |
| Weekly Detailed Course Contents |
|
| 1 | Introduction to Real Estate Financing Market | | | | 2 | Concept of Primary Market | | | | 3 | Concept of Secondary Market | | | | 4 | Developments of real estate finance markets in Turkey | | | | 5 | Calculations of Mortgage Loans- I | | | | 6 | Calculations of Mortgage Loans- II | | | | 7 | Impact of the Real Estate Markets on the Financial Crisis | | | | 8 | Mid-Term Exam | | | | 9 | Securitization Process-I | | | | 10 | Securitization Process-II | | | | 11 | Real Estate Valuation Approaches: Peer Approach | | | | 12 | Real Estate Valuation Approaches: Cost Approach | | | | 13 | Real Estate Valuation Approaches: Income Approach | | | | 14 | Real Estate-Based Capital Market Instruments: Real Estate Investment Trusts and Infrastructure REITs | | | | 15 | Real Estate Based Capital Market Instruments: Real Estate Fund and Real Estate Certificate | | | | 16 | Final Exam | | |
|
| Recommended or Required Reading |
| Gayrimenkul Finansmanı, Kürşat Yalçıner, Detay Yayınları, Ankara |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 1 | 1 |
| Attending Lectures | 14 | 3 | 42 |
| Case Study | 8 | 3 | 24 |
| Self Study | 14 | 3 | 42 |
| Individual Study for Mid term Examination | 1 | 30 | 30 |
| Individual Study for Final Examination | 1 | 40 | 40 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 2 | 1 | 2 | 1 | 2 | 2 | | LO2 | 2 | 3 | 4 | 2 | 3 | 3 | | LO3 | 2 | 2 | 2 | 3 | 4 | 3 | | LO4 | 2 | 5 | 1 | 3 | 3 | 2 | | LO5 | 1 | 3 | 1 | 2 | 5 | 1 |
|
| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
 |
| |