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Evaluation of real estate decisions by spatial information

Author

Listed:
  • Suat Teker
  • Ismail Onden

Abstract

Real estate investments are one of the hardest decisions to make considering several aspects such as its long-term payment plans, uncertainty in economic returns and so on. Despite the difficulty of the decision, the decision-makers generally make their decisions with solely their personal thoughts which might cause missing critical overviews of the sophisticated decision environment. On the other hand, previous studies have shown that a variety of factors could affect the real estate prices. This study uses Istanbul Financial Centre (IFC) Project as a reference to address the critical factors which are expected to affect the real estate prices in a particular area. Moreover, it employs a form of spatial information to introduce the power of these criteria on real estate prices. The findings of this study can help real estate investors to earn good returns by pinpointing the most valuable regions in metropolitan areas.

Suggested Citation

  • Suat Teker & Ismail Onden, 2016. "Evaluation of real estate decisions by spatial information," International Journal of Engineering Management and Economics, Inderscience Enterprises Ltd, vol. 6(1), pages 19-37.
    • Handle: RePEc:ids:ijemec:v:6:y:2016:i:1:p:19-37
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