Location Indexed Approach Based on Geographic Information Systems and Nominal Valuation Method in Real Estate Valuation
Derya TUNALI CENGİZ
Valuation of real estate is an area that developed countries as well as developing countries are constantly working on. The changing values of real estate properties that are transformed from agricultural use (land) to urban use (land) during this transformation process is an unknown that not only real estate owners but also legislators are trying to determine. The positive or negative effects of the location and environmental factors of real estate, which is a geographical entity, on the value of the real estate can be determined optimally with Geographic Information Systems (GIS).
When valuing real estate, the existence of a number of legal, locational and physical factors are taken into consideration. In spatial valuation, it is thought that transportation, social facilities, education, religious facilities, health centers, shopping malls and parks will add value to the real estate value.
This study aims to examine the spatial distribution of land values in Çukurambar District with Geographic Information Systems (GIS). In this context, comprehensive spatial data were integrated, queried and analyzed in the GIS environment by using the data of the lands in Çukurambar District and thematic (spatial) maps were created using these.
