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Real Estate Valuations and Contributions to the Economy in Turkey

In: Global Versus Local Perspectives on Finance and Accounting

Author

Listed:
  • Celal Biçakci

    (Osmaniye Korkut Ata University)

  • Güler Yalçin

    (Osmaniye Korkut Ata University)

Abstract

The real estate valuation is defined as the totality of the transactions necessary for determining the real estate value by evaluating the factors such as quality, utility, environment, and usage conditions related to a real estate objectively and equitably. The real estate valuation and reflection of these values into the valuation constitute one of the important economic resources of developed societies. The values determined by scientific and technological methods based on current and reliable data will be an important factor in tax calculations. For this reason, determining the real estate values in an objective, accurate, and secure manner, keeping them up to date is of great importance for the public economy. For this reason, creating a healthy real estate valuation system in terms of the country’s economy has become inevitable. In this study, real estate valuation in Turkey, valuation standards, valuation process, taxation of real estate, and their contributions to the economy has been investigated.

Suggested Citation

  • Celal Biçakci & Güler Yalçin, 2019. "Real Estate Valuations and Contributions to the Economy in Turkey," Springer Proceedings in Business and Economics, in: David Procházka (ed.), Global Versus Local Perspectives on Finance and Accounting, pages 373-377, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-11851-8_35
    DOI: 10.1007/978-3-030-11851-8_35
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    Keywords

    Real estate; Tax; Economy;
    All these keywords.

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