Information Package / Course Catalogue
Real Estate Valuation
Course Code: KARA107
Course Type: Non Departmental Elective
Couse Group: Short Cycle (Associate's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 2
Prt.: 0
Credit: 2
Lab: 0
ECTS: 2
Objectives of the Course

This course aims to equip students with knowledge of theories related to real estate valuation, as well as concepts and information concerning cost, comparable sales, and income capitalization techniques and their applications used in real estate valuation.

Course Content

This course covers theories related to real estate valuation, as well as techniques and applications used in valuation, such as cost, comparable sales, and income capitalization.

Name of Lecturer(s)
Learning Outcomes
1.To introduce the concept of real estate valuation to the student.
2.Determining the stages of the valuation
3.Learning about valuation standards around the world.
4.Learning the techniques used in real estate valuation.
5.Interpreting real estate valuation results.
Recommended or Required Reading
1.Finansed SPK Real Estate Valuation Subject Explanation Set of 4, Finansed Publications - Hasan BAL
2.SPK Real Estate Valuation Books and Lecture Notes
Weekly Detailed Course Contents
Week 1 - Theoretical
Real Estate and Valuation (Economic concepts related to valuation, areas of application of valuation)
Week 2 - Theoretical
Physical and Legal Characteristics of Real Estate (Real estate properties, types of real estate, limitations in valuation)
Week 3 - Theoretical
Real Estate Valuation Process (Stages in real estate valuation, Data collection for real estate, Best and most efficient use analysis)
Week 4 - Theoretical
Valuation Reporting (Reporting the valuation result, Types of valuation)
Week 5 - Theoretical
Application of Valuation Approaches (Comparable Sales Approach)
Week 6 - Theoretical
Application of Valuation Approaches (Income Capitalization Approach)
Week 7 - Theoretical
Cost Approach
Week 8 - Theoretical
Laws and Regulations related to Real Estate (Zoning Law)
Week 9 - Theoretical
Laws and Regulations related to Real Estate (Expropriation Law, Housing Law)
Week 10 - Theoretical
The Fundamentals of Real Estate Financing (Relationship between real estate, money and capital markets, and the valuation process)
Week 11 - Theoretical
Real estate-related financing sources
Week 12 - Theoretical
Mortgages (Home Finance, Fixed Rate Mortgages, Alternative Mortgage Instruments, Secondary Mortgage Markets)
Week 13 - Theoretical
Original topics related to Real Estate Valuation (Legal regulations regarding real estate)
Week 14 - Theoretical
Original topics related to Real Estate Valuation (Tax law and ethics related to real estate valuation.)
Assessment Methods and Criteria
Type of AssessmentCountPercent
Attending Lectures1%5
Verbal Examination1%5
Midterm Examination1%30
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory141242
Midterm Examination1314
Final Examination1314
TOTAL WORKLOAD (hours)50
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
OÇ-1
3
3
2
2
1
3
1
3
3
1
OÇ-2
OÇ-3
OÇ-4
OÇ-5
Adnan Menderes University - Information Package / Course Catalogue
2026