REAL ESTATE VALUATION IN URBAN REGENERATION APPLICATION; CASE STUDY OF KONYA

Şükran YALPIR, Eda BAYRAK

Abstract


The land valuation is a field that must be done with scientific, right and independent perspective. The land valuation is not only in the estimation of marketing value, additionally it finds usage areas like mortgaged sales, expropriation, urban renewal etc.

This study is about the expropriation and how the land valuation must be done in this area. In this study, the application area was chosen as the premises of the expropriation in the district of Uluirmak in Meram, KONYA, and the valuation before the application was done with the Cobb - Douglas Hybrid regression method. Twenty three criterion's that belong to the number of 1078 constructed and unconstructed premises were utilized. In consequence of the nonlinear regression modeling it succeeded about 98%. The land valuation does not only depend on the area index, it can be done in a short time while a lot of criterion's are considered, by this way the proprietors are able to get their rights with this developed mathematical model.


Keywords


Real estate valuation, Urban regeneration, Regression, Cobb-Douglas

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