CP537 URBAN PROPERTY DEVELOPMENT AND PLANNING
| Course Code: | 8530537 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 8.0 |
| Department: | City Planning |
| Language of Instruction: | English |
| Level of Study: | Graduate |
| Course Coordinator: | Prof.Dr. ALİ TÜREL |
| Offered Semester: | Fall or Spring Semesters. |
Course Objectives
Recognition of the role of the property within national and global economies and the relationship between business and building cycles are basic aims in the first part of this course. Variation of property prices in urban areas are explained as a function of location with respect to the central business district and development density of land. Students will be able to relate current shopping centre developments to the contemporary shopping behaviour, and differentiate their difference from the basic assumptions of classical retailing models. Cash flow analysis techniques will be learned to assess the feasibility of real estate investments and to be able to undertake property valuation.
Course Content
The relationship between the real estate investments and the national economies; the role of the land use planning and environmental regulations in real estate development at the local level; demand, supply and price of the real estate assets; evaluation methods of real estate investments; financing real estate development; property rights; real estate taxes.
Course Learning Outcomes
Students who take this course will be able to advice for shopping centre location to investors. They will be able to assess profitability of commercial investments among alternative investments. They can serve as property valuation experts, and can undertake pre-feasibility assessment of commercial property investments.