THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR

In Turkey, various factors such as the height of the inflation rate and the pressure of the current account deficit on the exchange rate affects the internal and external value of money negatively. For such reasons in an environment experiencing short term behaviour the pessimism of the saving owner...

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Autores principales:	Resül YAZICI, Ayla YAZICI
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	real estate sector real estate certificate lease certificate real estate investment funds real e Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/e4a3d0c51e1c4d5e818385dd1ddb5cea
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spelling	oai:doaj.org-article:e4a3d0c51e1c4d5e818385dd1ddb5cea2021-11-24T09:20:41ZTHE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR2148-416310.9761/JASSS7672https://doaj.org/article/e4a3d0c51e1c4d5e818385dd1ddb5cea2019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=1438535257_24-Dr.%20%C3%96%C4%9Fr.%20%C3%9Cyesi%20Res%C3%BCl%20Yaz%C4%B1c%C4%B1.pdf&key=28817https://doaj.org/toc/2148-4163In Turkey, various factors such as the height of the inflation rate and the pressure of the current account deficit on the exchange rate affects the internal and external value of money negatively. For such reasons in an environment experiencing short term behaviour the pessimism of the saving owner and the investors causes them not to turn to long-term markets, ie capital markets. Moreover, because some segments have an interest anxiety, this leads to the formation of mattress savings in gold or foreign currency. Without imparting to the financial system ie economy, savings accumulating in this way are transformed into reel assets when a certain figure is reached. For example, when the value of mattress savings such as gold or foreign exchange reaches a certain figure first it is directed to the purchase of automotive and after it reaches a greater value to the purchase of real estate. Because it is not possible to expect the development of mortgage loan financing systems that provide long-term financing possibility from the money markets where short-term behaviour characteristics are predominate. In such a structure it is also unlikely to ensure the continuity of housing demand and supply. The regulation of the markets (the market maker), in which the products, which are developed to reduce the negativeness of this process, are traded, gains importance. In this study it is tried to give, besides the means to be developed, the evolution that will be provided by the regulation of the markets in which these means will be traded, and both how the mattress savings can be transferred to the economy and how the development of capital markets can be.Resül YAZICIAyla YAZICIFırat Universityarticlereal estate sectorreal estate certificatelease certificatereal estate investment fundsreal eSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 11, Iss 68, Pp 391-411 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	real estate sector real estate certificate lease certificate real estate investment funds real e Social Sciences H Social sciences (General) H1-99
spellingShingle	real estate sector real estate certificate lease certificate real estate investment funds real e Social Sciences H Social sciences (General) H1-99 Resül YAZICI Ayla YAZICI THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR
description	In Turkey, various factors such as the height of the inflation rate and the pressure of the current account deficit on the exchange rate affects the internal and external value of money negatively. For such reasons in an environment experiencing short term behaviour the pessimism of the saving owner and the investors causes them not to turn to long-term markets, ie capital markets. Moreover, because some segments have an interest anxiety, this leads to the formation of mattress savings in gold or foreign currency. Without imparting to the financial system ie economy, savings accumulating in this way are transformed into reel assets when a certain figure is reached. For example, when the value of mattress savings such as gold or foreign exchange reaches a certain figure first it is directed to the purchase of automotive and after it reaches a greater value to the purchase of real estate. Because it is not possible to expect the development of mortgage loan financing systems that provide long-term financing possibility from the money markets where short-term behaviour characteristics are predominate. In such a structure it is also unlikely to ensure the continuity of housing demand and supply. The regulation of the markets (the market maker), in which the products, which are developed to reduce the negativeness of this process, are traded, gains importance. In this study it is tried to give, besides the means to be developed, the evolution that will be provided by the regulation of the markets in which these means will be traded, and both how the mattress savings can be transferred to the economy and how the development of capital markets can be.
format	article
author	Resül YAZICI Ayla YAZICI
author_facet	Resül YAZICI Ayla YAZICI
author_sort	Resül YAZICI
title	THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR
title_short	THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR
title_full	THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR
title_fullStr	THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR
title_full_unstemmed	THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR
title_sort	importance of capital markets in the development of real estate sector
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/e4a3d0c51e1c4d5e818385dd1ddb5cea
work_keys_str_mv	AT resulyazici theimportanceofcapitalmarketsinthedevelopmentofrealestatesector AT aylayazici theimportanceofcapitalmarketsinthedevelopmentofrealestatesector AT resulyazici importanceofcapitalmarketsinthedevelopmentofrealestatesector AT aylayazici importanceofcapitalmarketsinthedevelopmentofrealestatesector
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THE IMPORTANCE OF CAPITAL MARKETS IN THE DEVELOPMENT OF REAL ESTATE SECTOR

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