SavedAdd your journal

Journals / Iğdır Üniversitesi Sosyal Bilimler Dergisi / 2019 / Yıl: 2019 Cilt: Ek Sayı: Ek

The Analysis of Project Sustainability Risk Indicators in Real Estate Finance: ESI Economic Sustainability Indicator Rating Models

Gayrimenkul Finansman İşlemlerinde Sürdürülebilirlik Faktörlerinin ve Değerlemelerinin Analizi: ESI Rating Modeli

Fatma Müge TAPAN
Vahit Ferhan BENLİ
Feyzullah YETGİN
Pages
353–394
Publication Date
2019-12-01
DOI
—
🏛️Bibliographic metadata and full text access for this article are provided via DergiPark.
DergiPark Record ↗
✨

AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

This research aims to discover and construct a sustainability rating model to be integrated into the conventional real estate valuation models.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:The real estate development industry absorbs vast amounts of financial resources from its banking system.
📊
Key Findings & Data:The real estate development industry absorbs vast amounts of financial resources from its banking system.
💡
Conclusion & Impact:This research aims to discover and construct a sustainability rating model to be integrated into the conventional real estate valuation models.
🔬Design:Modeling & Simulation
📍Scope:Comprehensive Sample
⚙️Variables:Bankacılık · Gayrimenkul Finansmanı · Gayrimenkul Risk Analizi

Abstract

The real estate development industry absorbs vast amounts of financial resources from its banking system. This research aims to discover and construct a sustainability rating model to be integrated into the conventional real estate valuation models.

Özet

Türkiye ekonomisinin başta inşaat ve gayrimenkul sektörü olmak üzere ‘sürdürülebilir karlılık ve risk yönetimi’ kavramlarının finans-man ve yatırım süreçlerine dâhil edilmemektedir. Hala hazırda sür-dürülebilirlik raporlarının olmadığı hiçbir projenin en ufak kaynak bulabilme şansının olmadığı batı eko-finansman sistemindeki uygu-lamanın ülkemiz finansman kaynaklarının kullandırımı açısından değerlendirilmesi son derece önemlidir. ESI Economic Sustainability Indicators – ESI Sürdürülebilirlik İndikatör modeli, Türkiye’deki finansman ve yatırım kararlarının alınmasında uzun vadeli gayri-menkul değerlerinin bulunması ve analizi açısından uygulamada karar alma süreçlerinde ve değerleme raporlarında ciddi ve maddi değişiklik yapabilecek bir model olarak bilimsel ve finansal kapasite artırımına katkı sağlayabilecek bir sürdürülebilirlik analiz modelidir

🔖

Cite This Article

TAPAN, F. M., BENLİ, V. F., YETGİN, F. (2019). The Analysis of Project Sustainability Risk Indicators in Real Estate Finance: ESI Economic Sustainability Indicator Rating Models. Iğdır Üniversitesi Sosyal Bilimler Dergisi, Yıl: 2019 Cilt: Ek Sayı: Ek, 353–394. https://ajindex.com/articles/726404

📄 Full Text PDF Viewer

📄

PDF görüntüleyici hazırlanıyor...

References (13)

  1. Abidin, N.Z./ Pasquire, C.L. (April 2005): “Delivering Sustainability through Value Management: Concept and Performance Overview”, in: Engineering Construction Architectural, Management, 12(2), 168-180.
  2. Armbrust, B./Bradley, H./Amrbrust, J. (2001): Practical Real Estate Math, 2nd ed., South-Western Publishing. Brundtland Report (1987): Report of the World Commission on Environment and Development: Our Common Future, Oxford University Press.
  3. Bundesamt für Energie (2006):
  4. Econcept, Energieaspekte städtischer und ländlicher Siedlungen, Bern. Carlowitz, Hans Carl von (2009): Sylvicultura Oeconomica oder Haußwirthliche Nachricht und Naturmäßige Anweisung zur Wilden Baum-Zucht Reprint der zweiten Auflage 1732, Leipzig, Verlag Kessel. Center for Corporate Responsibility and Sustainability (CCRS) (Dez. 2007): Economic Sustainability Indicator (ESI), Zusammenfassender Bericht, Grundlagen und Mehrfamilienhauser, Zürich. Center for Corporate Responsibility and Sustainability (CCRS) (Dez. 2012): Economic Sustainability Indicator ESI, Überarbeitung 2011/12, Der Nachhaltigkeit von Immobilien einen Finanziellen Wert geben, Zürich. ETH/Kammer Unabhängiger Bauherren KUB (2009):
  5. Immobilienmanagement, Handbuch für Immobilienentwicklung, Schultess, Zürich. Fuerst, F./McAllister (2010).: “Green Noise or Green Value? Measuring the Effects of Environmental Certification on Office Values”, in: Real Estate Economics 39 (1), 45-69.
  6. Geltner, D.M./Miller, N.G./Clayton, G./Eichholts, P. (2007):
  7. Commercial Real Estate, Analysis & Investments, Cengage Learning, 2007.
  8. Higham, A./Bridge, C./Farrel, P. (2017):
  9. Project Finance for Construction, Routledge. Holthausen, N./Meins, E./Christen, P. (2009): Risikound chancenbasierte Integration von Nachhaltigkeitsmerkmalen in die Immobilienbewertung, Modellentwicklung zur Gewichtung des ESI-Indikators, in: CCRS Working Paper Series, No. 02/09, Zürich. Jayantha, W./ Wan, M. (2013): Effect of Green Labeling on Residential Property Price: A case study in Hong Kong. In: Journal of Facilities Management, 11 (1), 31-51.
  10. Kahr, J./Thomsett, M.C. (2005): Real Estate Market Valuation and Analysis, John Wiley. Kubli, U. (ed.) (2008):
  11. Wertvoller Boden, Die Funktionsweise des Bodenmarktes im Kanton Zürich, Zürcher Kantonalbank und Statistisches Amt des Kantons Zürich. Kundak, S./Türkoglu, H. (Eylül 2007): İstanbul‘da Deprem Riski Analizi, in: İTÜ Dergisi, Cilt 6, Sayı: 2, 37-46
  12. Lorenz, D.P./Lützkendorf, T (2011).:
  13. Sustainability in Property Valuation, Theory a