MASS PROPERTY VALUATION STUDIES IN TURKEY (LAND REGISTRY AND CADASTRE MODERNIZATION PROJECT)

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Number of Parcels : Number of Indvidual Units :

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Land Registry and Cadastre Modernization Project 1 Cadastre and Land Registry Renovation and Updating 2 Improved Service Delivery 3 Human Resources and Institutional Development 4 Property Valuation 5 Project Management

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY MAMAK FATIH PILOT AREAS Parcels Parcels

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY TAKBIS + MINI SURVEYSMUNICIPALITIESFIELD WORK RELEVANT PUBLIC INSTITUTIONS SINGLE VALUATION REPORTS DATA SOURCES

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY DATA COLLECTION PILOT IMPLEMENTATION ANALYSES TKGM VALUATION TEAM TKGM VALUATION TEAM CONTRACTORS

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY FATIH CONTROL TEAM TKGM VALUATION TEAM MAMAK CONTROL TEAM DATA QUALITY CONTROLS

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY DATABASE DESIGN

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY DATA ENTRY USER INTERFACE

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY NeighbourhoodParking AreaNumber of BathsDistance to Cultural Areas Street/Road Is it in a Building Complex? Does it have a Balcony?Distance to Sea* Development Status of the Region Facility Management Is the Living Room Independent? Distance to Recreational Areas Location of ParcelNumber of FloorsArea Per ShareDistance to a Main Road SlopeHeating SystemDistance to City CentreDistance to a Bus Stop Street WidthOn Which Floor Distance to an Elementary School Distance to a Metro Station Earthquake* Location of Individual Unit Distance to a High School Distance to a Metrobus Station * Occupancy Permit Direction of Individual Unit Distance to a University Distance to a Tramway Station * Does it have Road Frontage? Number of Directions of Individual Unit Distance to a Supermarket Distance to a Marmaray Station * Building AgeNumber of RoomsDistance to a Bazaar Distance to a Suburban Train Station** Physical Status of Building Gross Indoor Area Distance to a Shopping Centre Distance to Shanty Settlements** Exterior MaterialGross Outdoor AreaDistance to a Mosque Distance to Garbage Dump** Does it have an Elevator? Gross Area of the Storeroom/Coal Cellar Distance to a Hospital

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY ResidentialCommercialLand FATİH MAMAK ResidentialCommercialLand FATİH MAMAK

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY FATIH PILOT MAMAK PILOT Number of Parcels: Number of Individual Units: Number of Parcels: Number of Individual Units:

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Distance to Metro Station Distance to Mall % 93 Distance to City Center % 81 Distance to Hospital % 78 CORRELATION ANALYSIS

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Number of Rooms Gross Surface Area % 70 CORRELATION ANALYSIS

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY MODEL BUILDING

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Multiple Regression Analysis - MRA Artificial Neural Networks - ANN Decision Trees Linear Model MODEL BUILDING

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Num. of Variables Success Average St. Deviation Multiple Regression Analysis 1982,52%14,4% Artificial Neural Networks 3980,40%16,28% Decision Trees (CHAID)1780,81%15,7% Linear Model 2583,10%13,58% FATIH

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY Num. of Variables Success Average St. Deviation Multiple Regression Analysis* 1986,4%11,1% Artificial Neural Networks 3885,45%11,8% Decision Trees (CHAID)1585,5%12,5% Linear Model* 2083,17%14,0% MAMAK

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY FATIH TAX REVENUES? FATIH TAX REVENUES? MAMAK TAX REVENUES? MAMAK TAX REVENUES? FATIH TRANSACTION FEES? FATIH TRANSACTION FEES? MAMAK TRANSACTION FEES? MAMAK TRANSACTION FEES?

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY TOTAL VALUE: ,00 TL TOTAL VALUE: ,00 TL TOTAL TAX (0,2%) ,26 TOTAL TAX (0,2%) ,26 TAX VALUES ESTIMATED VALUES TOTAL VALUE: ,14 TL TOTAL VALUE: ,14 TL TOTAL TAX (0,2%) ,38 TL TOTAL TAX (0,2%) ,38 TL x 2.9 FATIH RESULTS for Individual Units FATIH RESULTS for Individual Units

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY TOTAL VALUE: ,00 TL TOTAL VALUE: ,00 TL TOTAL TAX (0,2%) ,00 TL TOTAL TAX (0,2%) ,00 TL TAX VALUES ESTIMATED VALUES TOTAL VALUE: ,19 TL TOTAL VALUE: ,19 TL TOTAL TAX (0,2%) ,41 TL TOTAL TAX (0,2%) ,41 TL x 1.8 MAMAK RESULTS for Individual Units MAMAK RESULTS for Individual Units

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY TOTAL VALUE: ,00 TL TOTAL VALUE: ,00 TL TOTAL FEE (4%) ,00 TL TOTAL FEE (4%) ,00 TL TAKBIS VALUES (OFFICIAL REGISTERS) ESTIMATED VALUES TOTAL VALUE: ,98 TL TOTAL VALUE: ,98 TL TOTAL FEE(4%) ,64 TL TOTAL FEE(4%) ,64 TL x 2.5 FATIH RESULTS for Individual Units FATIH RESULTS for Individual Units

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY TOTAL VALUE: ,94 TL TOTAL VALUE: ,94 TL TOTAL FEE (4%) ,16 TL TOTAL FEE (4%) ,16 TL TAKBIS VALUES (OFFICIAL REGISTERS) ESTIMATED VALUES TOTAL VALUE: ,33 TL TOTAL VALUE: ,33 TL TOTAL FEE(4%) ,17 TL TOTAL FEE(4%) ,17 TL x 2.1 MAMAK RESULTS for Individual Units MAMAK RESULTS for Individual Units

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY TAX REVENUES FATIH 2.9 MAMAK 1.8 TRANSACTION FEES FATIH 2.5 MAMAK 2.1

March WASHINGTON D.C. - USA GENERAL DIRECTORATE of LAND REGISTRY & CADASTRE TURKEY THANK YOU!…