Applied Studies in Çorlu (Tekirdağ) District According to Real Estate Valuation Methods

The purpose of this study is to evaluate and compare houses with various applications using the real estate valuation methods specified in international valuation standards, namely the comparable comparison, cost and income capitalization methods, and to prove that real estate is a good investment tool in line with the obtained data. Three different valuation methods commonly used in real estate valuation were introduced and an evaluation was made on examples located in Çorlu district of Tekirdağ province. First, a house located in Vizyon Residences in Hürriyet neighborhood was evaluated according to the comparable comparison method, secondly, the average unit prices of 1+1, 2+1 and 3+1 houses located in Ergene Valley Site in Esentepe neighborhood were determined according to the income capitalization method and capitalization rates and amortization periods were determined based on rental incomes, and finally, a duplex villa located in Yenice neighborhood was valued according to the cost method. As a result, it was concluded that real estate investment provides 3 times more income compared to other traditional investment tools.