DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE

Altan Alaybeyoğlu; Kurtar Tanyılmaz

doi:10.14780/muiibd.1225234

EN TR

DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE

Abstract

The growth of the construction and real estate sector in Türkiye, especially since the 2000s, is interesting. This growth has been accompanied by a deepening of the relationship between the financial sector and the construction sector, driven by short-term foreign capital flows. On the institutional side of this deepening, there are Real Estate Investment Trusts (REITs), whose number grew rapidly in Turkey after the 2000s, and Turkish Housing Development Administration (HDA), which plays a role in the privatization of public land. Another aspect of the process is the participation of non-financial companies (NFCs) in the real estate and construction industry in the form of REITs. The main objective of this study is to show how and why various capital groups and NFCs have turned to the real estate and construction sector in the form of Real Estate Investment Trusts (REITs) and to uncover the role of HDA that has enabled this process. The basic assumption of the study is that behind this orientation is the effort to cope with the exchange rate risk and rising financing costs due to the dependence of the increasing integration of the Turkish economy with the world market.

Keywords

Abstract

Keywords

Abstract

Keywords

DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE

Abstract

Keywords

Details

Primary Language

English

Subjects

-

Journal Section

Research Article

Authors

Altan Alaybeyoğlu
0000-0001-6309-0697
Türkiye

Kurtar Tanyılmaz This is me
0000-0003-2915-3521
Türkiye

Publication Date

January 13, 2023

Submission Date

July 5, 2022

Acceptance Date

-

Published in Issue

Year 2022 Volume: 44 Number: 2

DOI

https://doi.org/10.14780/muiibd.1225234

IZ

https://izlik.org/JA85DN55BZ

Cite

RIS / Bibtex

APA

Alaybeyoğlu, A., & Tanyılmaz, K. (2023). DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, 44(2), 382-401. https://doi.org/10.14780/muiibd.1225234

AMA

1.Alaybeyoğlu A, Tanyılmaz K. DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2023;44(2):382-401. doi:10.14780/muiibd.1225234

Chicago

Alaybeyoğlu, Altan, and Kurtar Tanyılmaz. 2023. “DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi 44 (2): 382-401. https://doi.org/10.14780/muiibd.1225234.

EndNote

Alaybeyoğlu A, Tanyılmaz K (January 1, 2023) DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 44 2 382–401.

IEEE

[1]A. Alaybeyoğlu and K. Tanyılmaz, “DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE”, Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi, vol. 44, no. 2, pp. 382–401, Jan. 2023, doi: 10.14780/muiibd.1225234.

ISNAD

Alaybeyoğlu, Altan - Tanyılmaz, Kurtar. “DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE”. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi 44/2 (January 1, 2023): 382-401. https://doi.org/10.14780/muiibd.1225234.

JAMA

1.Alaybeyoğlu A, Tanyılmaz K. DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2023;44:382–401.

MLA

Alaybeyoğlu, Altan, and Kurtar Tanyılmaz. “DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE”. Marmara Üniversitesi İktisadi Ve İdari Bilimler Dergisi, vol. 44, no. 2, Jan. 2023, pp. 382-01, doi:10.14780/muiibd.1225234.

Vancouver

1.Altan Alaybeyoğlu, Kurtar Tanyılmaz. DEPENDENT FINANCIALISATION AND ROLE OF REAL ESTATE: THE CASE OF TÜRKİYE. Marmara Üniversitesi İktisadi ve İdari Bilimler Dergisi. 2023 Jan. 1;44(2):382-401. doi:10.14780/muiibd.1225234