School of Economics and Administrative Sciences \ Business Administration
Course Credit
ECTS Credit
Course Type
Instructional Language
Programs that can take the course
Business Administration Bachelor's Degree Program
In this course, financial markets in general, financial markets and real estate market relations, basic characteristics of real estate markets, basic concepts of real estate financing, mortgage loans and mortgage-backed securities, mortgage loans and mortgage-backed securities markets, mortgage banking and specialized housing finance institutions and general principles of real estate valuation will be discussed both theoretically and practically.
Textbook and / or References
1. Gayrimenkul Finansmanı ve Değerlemesi, Ali Alp, İMKB Yayınları, İstanbul 2007.
2. Sermayenin Sırrı, Hernando De Soto.
3. Hayatın Kaynağı, Ayn Rand.
The aim of this course is to enable students to understand the relationship between financial markets and the real estate market and to learn the basic concepts of real estate financing. In this context, financing instruments such as mortgage loans and securitization, institutions such as mortgage banking and investment partnerships, housing policies and public interventions are discussed theoretically and practically. In addition, a holistic perspective on the market is provided through applications in Turkey and real estate valuation principles.
1. Analyze the relationship between financial markets and the real estate market.
2. Explain the basic building blocks and resources of real estate financing systems.
3. Compare housing policies implemented in developed and developing countries.
4. Evaluate the role of public intervention in the real estate market.
5. Recognize mortgage loan types and markets and explain the operating mechanism of these loans.
6. Understand second-hand mortgage markets and securitization processes.
7. Define real estate financing practices in Turkey.
8. Explain the functions and structure of real estate investment partnerships.
9. Apply the basic principles of real estate valuation processes.
10. Participate in teamwork and develop presentation skills.
Week 1: Financial Markets and the Real Estate Finance Market
Week 2: Real Estate Finance System and Funding Sources
Week 3: Housing Policies and Real Estate Finance Practices in Developed and Developing Countries
Week 4: Public Influence and Intervention Methods in the Real Estate Market
Week 5: Mortgage Loan Types, Mortgage Loans, and Real Estate Finance
Week 6: Secondary Mortgage Markets
Week 7: Securitization of Mortgage Loans
Week 8: Midterm Exam
Week 9: Real Estate Finance in Turkey
Week 10: Real Estate Investment Trusts (REITs)
Week 11: Real Estate Valuation
Week 12: Project Presentations
| Tentative Assesment Methods |
| Activities |
Number |
Weight (%) |
| Course Attendance/Participation |
- |
- |
| Laboratory |
- |
- |
| Application |
- |
- |
| Homework |
- |
- |
| Project |
- |
- |
| Presentation |
2 |
20% |
| Field Work |
- |
- |
| Internship |
- |
- |
| Course Boards |
- |
- |
| Quiz |
- |
- |
| Midterm Exam |
1 |
30% |
| Final Exam |
1 |
50% |
|
Total |
100% |
| Tentative ECTS-Workload Table |
| Activities |
Number/Weeks |
Duration (Hours) |
Workload |
| Course Hours (first 6 weeks) |
6 |
4 |
24 |
| Course Hours (last 6 weeks) |
6 |
3 |
18 |
| Laboratory |
- |
- |
- |
| Application |
- |
- |
- |
| Homework |
- |
- |
- |
| Project |
- |
- |
- |
| Presentation |
2 |
20 |
40 |
| Field Work |
- |
- |
- |
| Internship |
- |
- |
- |
| Course Boards |
- |
- |
- |
| Preparation for Quiz |
- |
- |
- |
| Preparation for Midterm Exam |
1 |
25 |
25 |
| Final Exam |
1 |
2 |
2 |
| Preparation for Final Exam |
1 |
30 |
30 |
| Study Hours Out of Class (preliminary work, reinforcement, etc.) |
12 |
3 |
36 |
| Total Workload | | |
175 |
| Total Workload / 30 | | |
175 / 30 |
| | |
5.833333 |
| ECTS Credits of the Course | | |
6 |
|
Program Outcome
**
|
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
|
Course Outcome
|
|---|
| 1 |
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
|
|
|
|
|
|
|
|
|
|
|
|
| 8 |
|
|
|
|
|
|
|
|
|
|
|
|
| 9 |
|
|
|
|
|
|
|
|
|
|
|
|
| 10 |
|
|
|
|
|
|
|
|
|
|
|
|