Investigation of the areas that will enable mixed use in the real estate development with risk analysis
Keywords:
Real Estate Development, Risk Analysis, Risk ManagementAbstract
Real estate development is a versatile business area that aims to create new added values to the country through land development and building construction by combining land, capital, and project thinking. The real estate is physically an integral part of the land and its buildings on the other hand, immovable development includes actions related to land development, building construction, marketing, operation and management. In order to be able to respond to economic demands in real estate development projects, financial analyzes must be carried out. Financial analysis allows us to see the risks on development projects through risk analysis as well as whether the development project is profitable or not. Identifying risks facilitates the risk management process and minimizes the financial risks of the company. In this study, mixed-use structures in the development of real estate, which are among the immovable development types determined in the common area determined within the boundaries of Mersin Province, Toroslar district and Yenişehir districts, were analyzed by the risk analysis method and it was observed that the determined sanatorium area and residential area could be profitable areas as an opportunity risk within the scope of immovable development.
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