4 th European Real Estate Society Education Seminar

Real Estate Education 4 Universities Real Estate Education Masters Programs (2 years with thesis)

Real Estate Education ITU first Masters Program in Real Estate Development in Istanbul/Turkey in

Real Estate Education l 2007 Mortgage Regulations lead to Education Sector to short term

Real Estate Education Demand Side Real Estate Sector demand on internationally standartized Regulations (Valuation

Real Estate Education Supply Side Real Estate Education seperated into different departments l Regulations

Real Estate Education Istanbul Need for Joint International Programs l Regulations to be in

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4 th European Real Estate Society Education Seminar The Bucharest Academy of Economic Studies ROMANIA 5 -6 December 2008 Real Estate Education in Istanbul: Analysis of Demand Supply Kerem Yavuz ARSLANLI Istanbul Technical University Real Estate Development Msc Program arslanli@itu. edu. tr

Outline l Turkey Country Profile Where we came from? l Where do we go from here? l l General Indexes l İstanbul Profile l l l Office Market Retail Market Housing Market Real Estate Sector Demand Side l Real Estate Education Supply Side l Latest Economic Crises Pros/Cons!? l l Conclusion

4 th European Real Estate Society Education Seminar The Bucharest Academy of Economic Studies ROMANIA 5 -6 December 2008 TURKEY

4 th European Real Estate Society Education Seminar The Bucharest Academy of Economic Studies ROMANIA 5 -6 December 2008 Kerem Y. ARSLANLI Istanbul Technical University arslanli@itu. edu. tr

4 th European Real Estate Society Education Seminar The Bucharest Academy of Economic Studies ROMANIA 5 -6 December 2008 GDP - composition by sector: agriculture: 8. 9% industry: 30. 8% services: 59. 3% Budget: revenues: $137. 8 billion expenditures: $151. 9 billion Kerem Y. ARSLANLI Istanbul Technical University arslanli@itu. edu. tr

Real Estate Education 4 Universities Real Estate Education Masters Programs (2 years with thesis) (ITU/IU/Kultur/Yildiz) l 3 Universities Certificate Programs 2 -3 months (Bogazici-Bilgi) l 1 Undergraduate Program at IU l 10 -15 students graduate annually l >500 total graduates since 2001 l

Real Estate Education ITU first Masters Program in Real Estate Development in Istanbul/Turkey in 2001 l First Graduates in 2003 l Followed in 2005 by other Universities l Mortgage Regulations 2007 expand RE market and Education Sector l

Real Estate Education l 2007 Mortgage Regulations lead to Education Sector to short term Certificate base programs rather than 2 or 4 years Bsc or Msc

Real Estate Education Demand Side Real Estate Sector demand on internationally standartized Regulations (Valuation and Forclousure Issues) l Finance and Construction Sector dominetes as an market player and on many cases they interfier with each other… l Demand for 1 year executive masters international joint programmes l

Real Estate Education Supply Side Real Estate Education seperated into different departments l Regulations and Laws tightens Cirriculums Few departments run on international standarts l International Crisis on Real Estate Pro/Cons l Sectors volume shrink / High Qualified Human Resourses on demand l Time to loose the old habits l Way of making bussiness in real estate will l

Real Estate Education Istanbul Need for Joint International Programs l Regulations to be in International Standarts l Highly Qualified but disconnected human resourses l Demand on interdisciplineer Finance Departments oriented programs l

l Thank You…