Under the Main Theme, “Residential and Commercial Real Estate Markets Under Climate Crisis and Financial Risk and Their Future”

ICREDM 2025
FOURTH INTERNATIONAL CONFERENCE ON REAL ESTATE DEVELOPMENT AND MANAGEMENT, 3-5 FEBRUARY 2025, ANKARA, TÜRKİYE

The areas of expertise in land management, real estate development, facilities, real estate, and asset management have gained special importance in planning and developing urban and rural settlements, especially in ensuring compliance with sustainability targets. Multi-purpose evaluation processes of information on ownership of urban and rural land assets, land tenure systems, spatial planning, land use, land, real estate, infrastructure and business valuation, real estate investments and financing and technical infrastructure services are handled within the scope of land management. In this process, all activities that require decision-making regarding land assets and implementing the decisions taken are examined to ensure economic and social development and increase social and individual welfare. Urban growth, development and expansion, land use, cadastre, zoning and title deed transactions, land conservation, food production, settlement planning and sustainability are important in almost every country. After the COVID-19 pandemic, settlement planning, real estate investments, planning and implementation, finance, taxation, facility and real estate management issues have gained special importance in the changing world agenda. In recent years, housing has emerged as an important problem in almost every country at risk of epidemic and climate change, and a significant increase in housing rent and sales prices is noteworthy. In addition, financial risks have increased in commercial real estate markets in the post-pandemic period, and many commercial real estate businesses are facing bankruptcy. On the other hand, information technologies and digital transformation are rapidly transforming real estate markets, and real estate technologies are evolving into a business and research field. In line with sustainability goals, there has been a significant increase in the demand for green buildings, energy and waste management, and the development of net zero buildings, especially in commercial real estate for green-certified buildings. Regarding sustainability goals, building life cycle analyzes and circular economy approaches are being integrated into almost every large-scale real estate project, and real estate investments continue their trend of rapid internationalization, moving beyond the local and national scale.

In many countries, there is an increase in the share of real estate and real estate-based instruments in the approaches of households and businesses to investment issues, and there is a great need for analysis, appraisal and protection of the investment. Interest in real estate investments is evolving from traditional investments to sustainable investments and capital market instruments based on real estate. This change observed among corporate and individual investors increases the demand for the issuance of real estate-based capital market instruments, and utmost sensitivity to the protection of real estate investments comes to the fore.

It is noteworthy that issues such as the development and management of urban and rural settlements, cadastre, zoning planning, urban and rural land management, site selection for public and private investments, land acquisition and expropriation, valuation, investment and finance, climate change and green buildings have gained special importance. It is aimed to discuss the theory-policy-legislation-practice-technology-institutional capacity development aspects together with the international conference to be held by experts and academicians who are world-renowned in their fields and Turkish researchers in Ankara between 3-5 February 2025 on topics under basic headings such as construction, real estate and asset economics, real estate ownership and use, land tenure systems, restriction of property rights and mitigation of negative effects, urban development after the COVID-19 pandemic, built environment and real estate markets, real estate and asset valuation, zoning application models, urban and rural land management and administration, increasing land assets per household in rural settlements: common land use and land banking models, sustainable (environmental) land management and implementation tools, development and project financing of real estate and infrastructure projects, Islamic finance products and their applications to the real estate sector, real estate investment trusts and investment funds, regulation of real estate trade: cadastre, title deed transactions, insurance, taxation and purchase-sale brokerage and consultancy, title deed-zoning insurance, real estate finance institutions, securitization and mortgage finance institutions, technological development and digitalization: Real Estate and Construction 4.0, proptech, blockchain, IoT, artificial intelligence, machine learning, geospatial technologies, spatial data infrastructures and spatial data management, smart cities, smart buildings or digital twins and disruptive technologies, facility, real estate and asset management, international valuation, financial reporting, measurement, facility, real estate and asset management institutions and standards, real estate prices and indices, real estate education and research, in the construction and real estate sectors.

For the first time in an international conference in Turkey after the COVID-19 outbreak, it is discussed within the framework of the main themes of “Real Estate Markets and Human Settlements under Pandemic and Disaster Threats”, “Commercial Real Estate Market under Financial Risk” and “The Effects of Technological Transformation and Sustainability Targets on Real Estate Development and İnvestments”. In this context, urban and rural land management, land administration and policy, climate change, disaster and pandemic risks are discussed together to discuss land and built environment management issues with an interdisciplinary approach. In this fourth conference, land ownership in cities, zoning planning policy, value-based zoning implementation and land and real estate development will be discussed, and academics, researchers and practitioners from different countries will discuss the topics. They will discuss theory, legislation, practice, and technology. In addition, for the first time in our country, in the field of real estate and asset valuation, real estate development models, project and construction management, real estate, asset and construction economics, financing models of real estate and infrastructure projects, financing of infrastructure investments, measuring the value increase caused by projects and public services use of land increase value (TIF) model in financing will be discussed, Islamic Finance products in project financing will be discussed, and the possibilities of using Islamic Finance products to the funding of infrastructure, urban transformation and commercial real estate projects in Turkey will be discussed in all aspects. In addition, today’s most current issues, such as land acquisition and expropriation methods for urban services and public infrastructure investments, urban transformation and conservation practices and financing, real estate certificates, barter and transfer of development rights, and institutionalization in the real estate sector, risk management, digitalization and technologies will also be discussed within the scope of the conference and taken in detail with country models.

Human beings have an indispensable need for housing, and this need is; it maintains its importance and tends to change rapidly depending on demographic factors such as population growth, household size, birth, marriage and divorce. On the other hand, commercial real estate includes projects developed for different sectors such as production, storage, trade, purchase-sale and service and is closely related to the macroeconomic conjuncture. In periods of economic and financial stability, the demand for commercial real estate becomes stronger, and in periods when the economic and financial conjuncture worsens, the demand for commercial real estate decreases, the vacancy rate increases, rents and prices decrease, and as a result, the debt payment ability of commercial real estate enterprises decreases. The demand for industrial and commercial real estate and mixed projects largely depends on economic and financial stability. Closing of businesses, increasing vacancy in commercial real estate and decreasing rental income necessitates bankruptcies and business transfers due to reduced ability to pay debts and increased financial risk. Over time, cash flows of commercial real estate fluctuate more than residential properties, and their risks are higher. There is a significant difference in the stability of cash flows between residential and commercial real estate markets. Cash flows of commercial real estate are considered riskier as they are more affected by the economic conjuncture, and especially in the post-COVID-19 pandemic period, commercial real estate-oriented crisis expectations and decreasing commercial real estate investments have been discussed intensively in many countries in the last 3-4 years. When the relatively short productive life of commercial real estate and the need for renovation investments are added to this, it seems inevitable that investors’ risks will increase further. In these circumstances, it is clear that addressing commercial real estate investments and their future, which face financial and other risks, and discussing transformation and new trends in commercial real estate are vital. 

Real estate-asset-business valuation, housing economics, supply-demand and price formation in residential and commercial real estate markets, excess supply problem and market absorption capacity analysis, development of residential and real estate rent and price indices, commercial real estate market and market regulation, real estate investment funds, foreign direct investments, real estate investment trusts, real estate markets and taxation, and real estate research and education are among the main themes of the conference. Within the scope of the conference, models for reducing housing production costs in cities and reducing informality will also be examined. It is expected that universities and other research institutions from many countries, public institutions, banks and other financial institutions, municipalities and municipal unions, international organizations (such as the European Commission, International Monetary Fund (IMF), World Bank, Organization for Economic Co-operation and Development (OECD), European Central Bank (ECB), European Bank for Reconstruction and Development (EBRD), Islamic Development Bank (IDB), International Valuation Standards Council (IVSC), International Accounting Standards Board (IASB), Royal Institution of Chartered Surveyors (RICS), International Facilities Management Association (IFMA), European Association of Real Estate Professions (CEPI), International Association of Surveyors (FIG)), civil organizations and non-governmental organizations more than 2 thousand foreign and Turkish experts will participate. The subjects of the conference to be held in Ankara fall within the scope of the duty of many institutions such as the Ministry of Environment, Urbanization and Climate Change, the Ministry of Treasury and Finance, the Ministry of Agriculture and Forestry, the Mass Housing Administration, the General Directorate of Land Registry and Cadastre, Municipalities, banks and other financial institutions, construction, real estate development and investment, valuation, facility, real estate and asset management companies, real estate investment trusts, real estate investment funds, professional organizations and academic institutions. In particular, issues related to the macro targets determined in the Twelfth Development Plan (2024-2028) regarding “urbanization, real estate and housing markets and public revenues” are addressed within the scope of the conference’s themes. In our country, real estate development and management issues in general and and themes such as management, real estate and asset valuation, real estate investments and financing, facility, real estate and asset management, technology and transformation, disaster-sensitive human settlements, sustainable real estate markets and international real estate investments land management in particular are discussed are one of the first academic meetings. The participation of many international institution managers, academicians, financial institutions, public institutions, professional organization managers and employees and experts who will be invited to the conference will be ensured, and it is envisaged to provide high-level participation of all public and private institutions, professional organizations and researchers related to the subject in our country.

The “First International Conference on Real Estate Development and Management”, which brought local and foreign experiences together in the fields of real estate, construction, land management, zoning, valuation, investment, finance and management, was held at Ankara Wyndham Hotel between February 1-3, 2018. After the first conference, it was decided to repeat this event every two years, and the “Second International Conference on Real Estate Development and Management” was held at Ankara Wyndham Hotel in Ankara between January 30 and February 1, 2020. On the occasion of the 100th Anniversary of the Republic, which is coincidental with the third international conference was held at Wyndham Ankara Hotel between 1-3 February 2023, and all aspects of the real estate sector in the new normal after COVID-19 were discussed at the conference. In addition, the “Fourth International Conference on Real Estate Development and Management” to be held between February 3-5, 2025, the main theme will be “Residential and Commercial Real Estate Markets and their Future in Conditions of the Climate Crisis and Financial Risk”, and we are glad to cordially invite all interested stakeholders, politicians, local and foreign academicians and practitioners to the conference.

OUR  18^th SUCCESSFUL YEAR IN REAL ESTATE DEVELOPMENT AND MANAGEMENT EDUCATION AND RESEARCH IN TURKEY

Celebrating the 18^th anniversary of its establishment, the Department of Real Estate Development and Management (formerly Department of Real Estate Development) in Ankara University was established on February 2nd, 2007, and the Department was restructured after the Faculty of Applied Sciences was established on August 26, 2014. Faculty of Applied Sciences Department of Real Estate Development and Management launched its first undergraduate program in 2016-2017. In our department, whose 18^th year will be completed on February 3, 2025, all Undergraduate and Graduate Programs of the Department of Real Estate Development and Management have been opened, research and application programs have been established, and academic structuring has been largely completed from its establishment during the mentioned period.

After four years of intensive efforts, Ankara University Department of Real Estate Development and Management Thesis and Non-Thesis Master’s Programs have been accredited since 2014 by the Royal Institution of Chartered Surveyors (RICS), the world’s top professional, training and accreditation institution in the fields of land, real estate, infrastructure, construction management and environment, becoming the first and only internationally accredited academic unit in our country. The accreditation process of the Department of Real Estate Development and Management of the Faculty of Applied Sciences by RICS was completed in December 2021, and it became the first and only academic unit in Turkey with international accreditation of the Undergraduate and Graduate Programs of the Department. In addition, the Undergraduate and Master’s Programs of the Department of Real Estate Development and Management have succeeded in obtaining three international accreditations from professional associations, namely, the International Facility Management Association (IFMA), the top professional organization in the field of real estate, facility and resource management, and the European Association of Real Estate Professions (CEPI). We are currently working on getting the AACSB (Association to Advance Collegiate Schools of Business) accreditation.

With the past 17 years of experience, it is aimed to organize an international conference every two years to develop international cooperation and to strengthen the Ankara Model in real estate research, application and education. In this context, the Second International Real Estate Development and Management Conference, titled Urban Economy and Value-Based Zoning Practices, was held in Ankara between 30 January and 1 February 2020. The Third International Conference was held between 1-3 February 2023, within the framework of the main theme of “Real Estate Markets, Human Settlements and Their Future Under Pandemic and Disaster Threats”. Between 3-5 February 2025, it is aimed to bring together local and foreign experts, academicians, and practitioners at the Fourth International Conference within the framework of “Real Estate Markets and Human Settlements under Pandemic and Disaster Threats”, “Commercial Real Estate Market under Financial Risk” and “The Effects of Technological Transformation and Sustainability Goals on Real Estate Development and Investments”. At the Fourth Conference; Issues such as urban and rural land management, planning and development, restructuring urban space after COVID-19, zoning implementation and built environment production, zoning implementation methods and planning policies, smart and resilient cities and buildings, disaster risks and sustainable settlements and real estate markets, development of housing, commercial and special real estate projects, project and construction management, development, valuation and financing of green construction projects, real estate investments and financing, securitization and Islamic Finance practices and theory in the real estate sector, real estate sector and public policies, reducing informality and taxation, regulation of local and national real estate markets, technological advancements from construction and real estate sectors, transformation and property technologies, harmonization of construction and real estate sectors with international standards and national legal regulations and practices will be discussed. As expected from the conference outcomes, the aim is to present the national real estate development and management education training and research strategy document. From now on, care will be taken to hold thematic conferences on different topics yearly, as well as international real estate development and management conferences regularly every two years.

Advanced Courses

We aim to organise short-term certified training programs during the pre-conference period and throughout the conference. The aim is to increase the participants’ utilization level and strengthen student-academic ability in global practice. For this purpose, it is envisaged that training programs will be organized on the mentioned subjects below, and certificate programs and courses will be held between January 23 and February 2, 2025, in the Department of Real Estate Development and Management lecture rooms and conference halls. The duration, registration fees, and place of each program, the lecturers, and other practitioners or professionals who will facilitate the courses will be announced later:

• Theory and Practices of Mass Appraisal
• Theory and Practices of Land Readjustment on Value Basis
• Plant, Equipment and Machinery Valuation Methods and Practices
• Infrastructure Investment and Asset Management Approaches
• Asset and Portfolio Management and Valuation
• Real Estate Asset Management and practices
• Theory and Practices of Development Appraisal
• Advanced Valuation Methods and Development Appraisal Practices
• Expropriation and Methods and Practices of Valuation Compensation with International Standards
• Intangible Asset Valuation and Practices
• Art Economics and Art Valuation
• Analysis of the Real Estate Market and Market Regulations
• Development of Urban Transformation Projects, Transformation Models and Financing
• Basic Principles of Facility Management
• Condominium and Facility Management
• Real Estate Project Development and Strategic Project Planning
• Facility Management Professionalization and Standards
• Determination and Applications of Goodwill in Condominium Buildings and Detached Housing Projects
• REVIT and ARGUS Training
• Real Estate Project Development and BIM Training
• Affordable Housing Policies and Financing
• Property Technologies (Proptech) and Digitalization

 

Certificate programs will be considered provided there are enough participants registered for participation and decisions made by the authority of the Department of Real Estate Development and Management.

The contact address is as follows:

Ankara University, Department of Real Estate Development and Management, Tandogan Campus Ord. Prof. Dr. Sevket Aziz Kansu Building, B Block Floor: 2, Besevler, Ankara, Turkey.

Phone: +90.312.600 0160 & +90.312.600 0161

Workshop Organization

Before the commencement of the conference, the workshop called “Role and Structure of Valuation Organizations in Developed and Developing Countries” is expected to be held on 2 February 2025 with the participation of selected local and foreign academicians and licensed appraisers and organizations. The workshop’s main theme will focus on mass appraisal, especially in the public sector, and discussion on the valuation organization for property tax, title deed, value increase gain, and other central government and local taxes. In this process, managers and experts from RICS, IVSC, TEGoVA, TDUB, other professional organizations, TKGM, and the Ministry of Treasury and Finance will be brought together. They will constitute the base of tax reform envisaged by the New Economic Program, 12th Development Plan and 2024 Fiscal Year Fiscal Budget Law. The structure and functioning of the valuation system and the good practice model will be discussed. Besides these, during the conference, three (3) important workshops that would focus on crucial topics such as “Affordable Housing Policies, Affordable and Social Housing Strategies”, “Securitization Models and Practices”, and “Conservation Economics and Sustainability Value” are planned to be organized.

Graduate Students’ Presentation Sessions

The last day of the conference will be partially assigned or completely assigned for research and presentations of real estate undergraduate and graduate students of Ankara University and other universities in Turkey and foreign universities. Awards and certificates will be given to successful undergraduate students and successful publications among graduate students (M.Sc. and Ph.D.). This innovative approach is the first to be implemented in Turkey. Thesis presentations and the evaluation of publications will be made by a jury of at least 10 people selected from the panel of judges. Their presentation results will be announced at the closing date of the conference. Similarly, the presentations of the projects made by the 4th year undergraduate students of the Department of Real Estate Development and Management at Ankara University within the scope of the real estate and asset analysis course will also be organised. In addition, the Alumni Association of the Department of Real Estate Development and Management and student communities will also be allowed to make presentations. Furthermore, special attention shall be given to open promotional stands of associations such as RICS, IVSC, TEGoVA, ERES, and TDUB. Special attention shall be paid to contributing to corporate organizations aware of real estate development and management expertise.