FACULTY OF ARCHITECTURE
CITY AND REGIONAL PLANNING
Course Name   URBAN AND PROPERTY ECONOMICS (ERASMUS ELECTIVE)
Semester Course Code Theoretical / Practice time ECTS
5 3503571 2 / - 3
Course Degree Bachelor's degree
Course Language İngilizce
Format of Delivery: Face to Face
Course Coordinator Asst.Prof.Dr. Fatih EREN
Coordinator e-mail feren3000 gmail.com
Instructors
Asst.Prof.Dr. Fatih EREN
Asistant Instructors
Course Objectives The aim of this module is to reveal two-way interconnected relationships between planning policies and property development activities to emphasize the effective role of property market actors on spatial development decisions and urban policies and to show the direct impact of property companies risk and profit calculations on the size-location-acter-concept of rising properties in cities through examples.
Basic Sciences Engineering Scinces Social Sciences Educational Sciences Artistic sciences Medical Science Agricultural sciences
0 50 30 0 20 0 0
Course Learning Methods and Techniquies
Week Course Content Resource
1 Alternative theoretical approaches on property development : Event-sequence, agency, structural and institutional approaches. Adams C D (1994) Urban Planning and the Development Process, London: UCL Press.
2 Property Development: Stages and activities in property development process, roles and aims of involving actors. Cadman D & Topping R (1995) Property Development, London: Taylor & Francis Books Ltd, Spon Press.
3 Seminar Lecture Notes
4 Project development where and when : Planning policies, property market trends (price, rent, yield, investment capital), socio-economic trends, land availability and infrastructure provision, competitive property supply. Brown, G. and Matysiak, G. (2000) Real Estate Investment: A Capital Market Approach, Prentice Hall, London.
5 Workshop Lecture Notes
6 Project viability : The financial appraisal of development proposals, the internal structure of development projects, different project evaluation approaches and techniques. Byrne, P (1996) Risk, Uncertainty and Decision Making in Property Development, (2nd Edition) E. & F.N. Spon, London
7 Workshop Lecture Notes
8 Plan decisions, project design and profitability : Defining the physical and functional acter of schemes within a market context - development density, land use mix and building specification. Guy, S. and Henneberry, J. (eds) (2002) Development and Developers: Perspectives on Property. Blackwell Publishing/RICS Foundation, Oxford.
9 Workshop Lecture Notes
10 10- Risk and uncertainty : Sources of development risk and uncertainty and their financial implications, sensitivity analysis, scenarios and probability and simulation. Healey P, Purdue M and Ennis F (1995) Negotiating Development, London, E&FN Spon.
11 Seminar Lecture Notes
12 Development finance : The need for short and long term finance, categories of finance, sources of finance, lending criteria and security, innovative trends in development financing. Isaac D (2003) Property Finance, Basingstoke, Palgrave Macmillan.
13 Forms of finance : Character of and relations between project /corporate funding and debt / equity finance, public sector funding, grants and subsidies joint ventures. Keeping, M (2002) Sustainable Property Development: A Guide to Real Estate and the Environment, Blackwell Publishing, Oxford.
14 Seminar Lecture Notes
15 Discussion Lecture Notes
Assesment Criteria   Mid-term exam Final exam
  Quantity Percentage Quantity Percentage  
Term Studies : 1 30 - -
Attendance / Participation : - - - -
Practical Exam : - - - -
Special Course Exam : - - - -
Quiz : - - - -
Homework : - - 1 40
Presentations and Seminars : - - - -
Projects : 1 30 - -
Workshop / Laboratory Applications : - - - -
Case studies : - - - -
Field Studies : - - - -
Clinical Studies : - - - -
Other Studies : - - - -
Mid-term exam   - - - -
Final exam   - - - -
ECTS WORK LOAD TABLE   Number Duration
Course Duration : 14 2
Classroom Work Time : 14 2
Presentations and Seminars : - -
Course Internship : - -
Workshop / Laboratory Applications : - -
Field Studies : - -
Case studies : - -
Projects : 1 17
Homework : 1 17
Quiz : - -
Mid-term exam : - -
Final Exam : - -
ECTS 3
No COURSE LEARNING OUTCOMES CONTRIBUTION
D.Ö.Ç. 1 to appreciate the ways in which the planning system may affect property development decisions 4
D.Ö.Ç. 2 to understand the concepts of risk, uncertainty, growth, volatility, interest and discounting and their relation to development 3
D.Ö.Ç. 3 to have developed an understanding of development appraisal techniques and the ability to apply them in practice 4
D.Ö.Ç. 4 to have developed skills in project management, the use of spreadsheets and the clear presentation of complex information in report form 4
D.Ö.Ç. 5 to know the various stages in the development process and the roles and objectives of the actors involved 4
D.Ö.Ç. 6 to appreciate the particular importance of finance to successful development and know the sources and types of development finance 3
* 1: Zayıf - 2: Orta - 3: İyi - 4: Çok İyi
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