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Paper eres2015_118:
The Impacts of Real Estate Projects on Transformation of Centres in Izmir

id eres2015_118
authors Kaya, Merve; Ferhan Gezici Korten
year 2015
title The Impacts of Real Estate Projects on Transformation of Centres in Izmir
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary The term real estate has exerted direct impacts on the urban finance and macro-form in changing economies of the world cities. This paper examines the urban dynamics of İzmir as candidate for brand city which explain how the city has developed by major projects. __Izmir has been famous as a trade center ever since its past history. In recent years, most of the efforts have been made to make the port city famous in service facilities again. The aim of the paper is to analyze the development process of central districts within the city of Izmir and to examine the role of real estate projects. During the time of ever-increasing uncertainty, a question gets more pertinently than ever: Will the main three districts maintain the reliability of the city economy in equilibrium through new planned service-based functions. Therefore a survey was conducted including interviews with the project developers who operated major investments in Konak, Bayraklı and Karşıyaka districts.__The decision-making and implementation process, and challenges to become the central districts are related flexible, adaptable and fast-changing economy. The findings of the research put forward that the interest of the capital and the basic strategies of the plans and investments do not overlap. After strategic regional land use plan and other upper scaled plans have been realized, developers are expecting that the study area will attract significant real estate projects which have mixed use functions with various forms._Originality/value - This is the first paper to examine urban dynamics of the centers in İzmir from the perspective of real estate development for better understanding to relationships between brand city vision, urban macro-form and major projects._
keywords Real estate, Major projects, Urban centres, Brand city, Transformation
series ERES:conference
type paper session
content file.ppt (9,090,560 bytes)
discussion No discussions. Post discussion ...
session Real Estate & Regional and Urban Economics
last changed 2015/07/08 18:06
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