GEO 509 - Real-estate appraisal

Course Objectives

i) It is aimed to explain concepts of real estate, property and valuation including teaching the real estate assessment methods, law and legislation related to real estate and land valuation.
ii) It is aimed to improve the skills about ability to compare real estate assessment methods, to determine appropriate method for valuation of several real estates.

Course Description

Concept of real estate, property and valuation. Importance of the real estates assessment and relation with other property applications, overview of Turkish land taxation system, real estate valuation criteria, The methods of real estates assessment; methods of compare, income, cost and combined methods for real estates assessment, nominal valuation method, comparison of the real estate valuation methods, production of maps for value and tax purposes, using geographical information systems in valuation process, applications of the real estate assessment in Turkey,