IDEAS home Printed from
   My bibliography  Save this paper

The Impacts of Real Estate Projects on Transformation of Centres in Izmir


  • Merve Kaya
  • Ferhan Gezici Korten


The term real estate has exerted direct impacts on the urban finance and macro-form in changing economies of the world cities. This paper examines the urban dynamics of zmir as candidate for brand city which explain how the city has developed by major projects.Izmir has been famous as a trade center ever since its past history. In recent years, most of the efforts have been made to make the port city famous in service facilities again. The aim of the paper is to analyze the development process of central districts within the city of Izmir and to examine the role of real estate projects. During the time of ever-increasing uncertainty, a question gets more pertinently than ever: Will the main three districts maintain the reliability of the city economy in equilibrium through new planned service-based functions. Therefore a survey was conducted including interviews with the project developers who operated major investments in Konak, Bayrakl and Karyaka districts.The decision-making and implementation process, and challenges to become the central districts are related flexible, adaptable and fast-changing economy. The findings of the research put forward that the interest of the capital and the basic strategies of the plans and investments do not overlap. After strategic regional land use plan and other upper scaled plans have been realized, developers are expecting that the study area will attract significant real estate projects which have mixed use functions with various forms._Originality/value - This is the first paper to examine urban dynamics of the centers in zmir from the perspective of real estate development for better understanding to relationships between brand city vision, urban macro-form and major projects.

Suggested Citation

  • Merve Kaya & Ferhan Gezici Korten, 2015. "The Impacts of Real Estate Projects on Transformation of Centres in Izmir," ERES eres2015_118, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2015_118

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arz:wpaper:eres2015_118. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Architexturez Imprints (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.