Determining the property ownership on cadastral works in Turkey

Demir, Osman; Çoruhlu, Yakup Emre

doi:10.1016/j.landusepol.2008.01.011

Cited by 29 publications

(12 citation statements)

References 2 publications

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“…The development future of agricultural sector is actually uncertain at all [10]. Therefore real option theory is rather more applicable to the evaluation of rural land-use rights [11].…”

Section: B Literature On Real Option Methodsmentioning

confidence: 99%

Exotic option-based rural land-use right pricing model

Lu¹

2010

2010 2nd IEEE International Conference on Information Management and Engineering

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New Chinese rural reform and development strategy necessitates an open transfer market for rural land-use right. However, present evaluation approaches fail to reflect the fair market value of rural land-use right, which not only restricts the efficient rural land market development, but also injures the farmers' interests. Therefore, exotic option pricing method is employed into the pricing model of rural land-use right, which is now liberalized into the market as a main factor of production in agricultural sector. The pricing model highlights that the value of rural land-use right consists of income value and capital value, and build the equivalent portfolio to the underlying assets based on the financial engineering principle. The value of underlying assets is decomposed to the portfolio of two securities with existing evaluation: floating rate securities, and American real call option. The model argues that the net present value (NPV) of annual agricultural income on the rural land is uncertain due to the fluctuation of crop prices, and takes into consideration the potential capital gain from the contingent rural land-use right conversion, i.e. from rural land to urban land. The model not only gives new insights of the value composition of Chinese rural land-use right, but also incorporates the residual term of rural land-use right and accrued agricultural investment on the rural land, which can improve the pricing efficiency of the promising rural land market by the analytical expression.

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“…The development future of agricultural sector is actually uncertain at all [10]. Therefore real option theory is rather more applicable to the evaluation of rural land-use rights [11].…”

Section: B Literature On Real Option Methodsmentioning

confidence: 99%

Exotic option-based rural land-use right pricing model

Lu¹

2010

2010 2nd IEEE International Conference on Information Management and Engineering

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“…The Land Code (1858) of the Ottoman Empire classified land groups as: mülk (private property with limited ownership), mîrî (large agricultural lands owned by the State), vakıf (foundation land), metrûk (pasture lands and such allocated for public use), and mevât (non-arable land such as stony terrain and swamps) [18][19][20][21]. One of the most important land classes under the Ottoman land regime was undoubtedly foundation land, which comprises the subject of this study [22]. The effort to return individual property, which began in the last period of the Ottoman State, gained momentum with the declaration of the Republic (1923) and the enactment of the Turkish Civil Code (TMK in Turkish) in 1926.…”

Section: Right To Property In the Turkish Land Administration Systemmentioning

confidence: 99%

Conflict over the Use of Hagia Sophia: The Legal Case

Çoruhlu

Uzun

Yıldız

2020

Land

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The historical progress of Hagia Sophia encompasses four different periods. Dating back to 360 AD, this unique structure was the largest church built in Istanbul during the Roman Period. In the second period, Fatih Sultan Mehmet conquered Istanbul in 1453 and personally dedicated Hagia Sophia to his foundation as a mosque. In the third period, upon the founding of the modern Republic of Turkey, Hagia Sophia was transformed into the Museum in 1934. Finally, in 2020, the structure was converted once again to a mosque by a court decision. Ongoing discussions today have suggested that the structure be used as a mosque, a church, or a museum. In this study, the ownership rights of the monument and its cultural heritage status have been examined within the framework of rulings of the European Court of Human Rights. The study evaluates the 1934 decree preventing the owner of the property rights from being given authorization over the monument. The results indicate that there was a legal obligation to grant the use of Hagia Sophia/Ayasofya as a mosque in accordance with the property rights of Fatih Sultan Mehmet, who proclaimed the establishment of its foundation.

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“…The most important one of these is, of course, the destruction of the coasts. Another important issue is that the parcels owned by private people in the shore buffer zones are actually under the sovereignty and disposal of the state (Demir and Ç oruhlu, 2008). The main cause of this situation is the adjudication processes carried out before the delayed determination of the shore borderline.…”

Section: Issues Regarding Coastal Area Boundariesmentioning

confidence: 99%

Determining coastal zone boundaries and related issues in Turkey

Cete¹,

Demir²,

Uzun³

2011

Proceedings of the Institution of Civil Engineers - Maritime En

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Turkey is surrounded by three seas: the Black Sea to the north, the Aegean Sea to the west and the Mediterranean Sea to the south. The total length of coastline is 8333 km. Therefore, the coasts are one of the country's most important natural resources. This resource, which is under population pressure due to urbanisation, industrialisation, tourism and secondary housing, requires effective management. The first stage of coastal management is the determination of coastal boundaries; in Turkey, this raises a number of issues requiring solutions. These issues include: inappropriate coastal uses as a result of regulations that have changed over time; a lack of defined scientific criteria for determining the boundaries; the majority of coastal boundaries are undetermined; carrying out boundary determinations after multiple adjudications in the same area; and inconsistencies between existing and cadastral maps. Immediate solutions for these issues are required to enable sustainable use of the coasts. This paper introduces the main principles of Turkish coastal use and describes the changes experienced in coastal boundary determinations over time.In addition, it discusses the issues faced in determining coastal zone boundaries and provides some recommendations.

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Determining the property ownership on cadastral works in Turkey

Cited by 29 publications

References 2 publications

Exotic option-based rural land-use right pricing model

Exotic option-based rural land-use right pricing model

Conflict over the Use of Hagia Sophia: The Legal Case

Determining coastal zone boundaries and related issues in Turkey

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