Abstract: Real estate property is defined as a land and everything which built on land. People began to desire better living, working, resting places, as the result of changes of live standards. These needs had begun with living areas, after that real estate is presented in different types to meet people’s needs.
Real estate development, consist of a lot of activities which are interested in land development and building construction. Real estate development is a multifaceted business. This complicated process involves much input from a wide range of professionals. Real estate development process because of being complicated, demands an extensive investment analysis.
In this study, a research was conducted on how real estate development processes affect the housing market. The research phase started with the determination of existing conditions. At this stage, market conditions, economic conditions, social acceptances, good and constraining aspects of the land, and regulatory factors were investigated. During the analysis phase, the opportunities offered by the land, its constraints and costs were analyzed. In the synthesis phase, all the results were brought together to create a functional plan. The synthesis process ensures that unworkable ideas are eliminated and an original idea is created. All models were created because the real estate development process has a complex structure and carries with it major risk factors. Risks in business, management, financing, politics, inflation, liquidity and interest rates are seen as risks of great importance in the real estate process.
Keywords: Real estate, construction, residential buildings, housing market, finance.
Title: REAL ESTATE DEVELOPMENT PROCESSES AND ITS FINANCIAL REFLECTION ON THE HOUSING MARKET
Author: Dr. Pelin YIGIT
International Journal of Recent Research in Civil and Mechanical Engineering (IJRRCME)
ISSN 2393-8471
Vol. 10, Issue 1, April 2023 - September 2023
Page No: 21-37
Paper Publications
Website: www.paperpublications.org
Published date: 20-September-2023