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      Default Risk, Indexed Mortgages
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    • Mortgage markets
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      Housing Supply, Elasticity of Substitution
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      Real Estate Investment Trusts, Inflation Hedging
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      Real Estate Investment Trust, Investments, Turkish REITs
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      Turkish REITs, Time Varying Market Risk, Time-varying Beta, Systematic Risk Pricing
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      Option pricing, Default option
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      Fixed Rate Mortgages, Turkish Mortgage Market
Abstract: For some two millennia Istanbul has been one of the world’s greatest cities, and is today classified as an “Alpha-“ world city in the Globalization and World Cities (GaWC) group’s 2010 rankings. Istanbul is an emerging global... more
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      Fuzzy Logic, Real estate valuations and appraisals, Office Rents
This paper adopts the methodology in Bali and Cakici (2008) in tracking the evolution of the relation between REITs’ idiosyncratic risk and their cross-sectional expected returns between 1981 and 2010. In addition to the full sample... more
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    • Real Estate Investment Trusts
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      Sub-prime mortgages, Turkish Mortgage Market, Secondary Mortgage Market
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      Konut Balonu, Kapitalizasyon Oranı, Konut Fiyatları
This paper investigates the macroeconomic sources of time-varying risk premia in Turkish REIT industry within the arbitrage pricing theory framework. Turkish REIT industry differs substantially from the global REIT market as Turkish REITs... more
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      REITS, Reits, Real estate Investments, Property Investment
Location decision and standards of shopping malls keep relevancy at a standstill position in the planning agenda of Turkey when considered the increasing numbers of construction even though the economic crisis in the World. By the end... more
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      Shopping Malls, Alışveriş merkezleri, Yönetmelik, Mevzuat
The rapid development of shopping centers in Istanbul has a different historical pattern than those in USA or Europe both in terms of “construction year” and “location decision criteria” where all root from urban and economic dynamics of... more
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      ArcGIS, Shopping Malls, Geographic Information Systems (GIS)
A majority of literature in walkability analysis focus on straight-line calculations. However with the use of walkability raster surfaces through network distance buffers, more realistic measures can be achieved. This paper aims to... more
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      Istanbul, Shopping Malls, Walkability Index
To date, quantitative analysis on the depth of mortgage markets across a broad set of countries has been very limited. This paper uses a rich and balanced data set on 31 European countries to investigate the crosscountry variations in the... more
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      Mortgage markets, Housing and mortgage finance
ABSTRACT From Conclusion: "The multiple use of outback landscapes raises a diverse array of sustainability issues related to property rights, property access, and roles and responsibilities associated with land use. This paper... more
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      Urban Planning, Governance, Natural Resource Management, Environmental Policy and Governance
In this paper we discuss the social, economic and institutional aspects of the development of carbon management systems within Australia’s tropical savannas. Land-use values in savanna landscapes are changing as a result of changing... more
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    • Urban And Regional Planning
We identify the 10 major terrestrial and marine ecosystems in Australia most vulnerable to tipping points, in which modest environmental changes can cause disproportionately large changes in ecosystem properties. To accomplish this we... more
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    • Environmental Planning and Design