Real Estate Valuations and Contributions to the Economy in Turkey

Celal Biçakci () and Güler Yalçin ()
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Celal Biçakci: Osmaniye Korkut Ata University
Güler Yalçin: Osmaniye Korkut Ata University

A chapter in Global Versus Local Perspectives on Finance and Accounting, 2019, pp 373-377 from Springer

Abstract: 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.

Keywords: Real estate; Tax; Economy (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-11851-8_35

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DOI: 10.1007/978-3-030-11851-8_35

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