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In Istanbul where it is not so   developed. For that reason, the   2014, assessments  are continued   this year  as in  the last  year. Since
       possible to find a suitable field in   counties having suitable fields        to be made about the future of the   2012 in which the Law of
       popular regions, branded housing   are preferred for new projects.   real estate sector. Use of bank   Reciprocity  took  into force, 21,000
       projects developed in new regions   Buca, Karabaglar and Bornova   credits increases continuously in    persons from 101 countries bought
       outside of the center of the city   follow the County Karsiyaka that       the last years especially for the   real estate in Turkey, and more than
       draw intensive attention. In that   is leading in Izmir in terms of sales   transactions of purchasing houses.   13,000 plots and approximately
       direction, with respect to the   figures.                                                        17,000  independent  sections  were
       number of sales in Istanbul,                                     Foreign Investors as a trump    sold in a  period of 17 months.
       Esenyurt is in the leading position   About the Future of the    Increasing supply of houses in the   While Germans, Englishmen and
       by landslide compared to all other                               real estate sector was depleted to a   Russian share the first three places
                                        Real Estate Market of
       counties. Other counties whose                                   great extent when the foreign   with respect to purchases of plots
       numbers of sales are high are    Turkey                          investors start to purchase real   of fields, Arabs who are the leader
       Beylikduzu, Kucukcekmece, Pendik   Assessments made about the future   estate. Following the new   of purchasing houses bought
       and Maltepe.                     of the real estate sector connecting   regulations facilitating the   approximately 3000 houses. In line
                                        more than 200 sectors each other   ownership of the real estate by the   with these data, so long as the
       Due to the difficulty of finding   and affecting a large mass in terms   foreigners, foreign investors who   economic conditions are
       appropriate fields in the central   of employment in that respect are   start to be effective in the market   appropriate in 2014, it  is  possible
       counties in Izmir like in Istanbul,   always followed with attention. As   will be the most important  trump   to expect that the foreigners will
       limited numbers of new projects are   in the beginning of each year, in   of the real estate developers  in    increase their attention.

                                        With the Regulations About the   Our Consultancy Services       domestic and foreign banks,
                                        Authorization and the Activities of     Analysis of the Most Effective   domestic and foreign companies,
                                        the Organizations which will      and the Most Productive Use   real estate investment partnerships,
                                        Provide Appraisal Services to the     Alternatives of Analyses and   real estate development
                                        Banks, the authorization to give   Solutions for Existing Real Estate   companies, law offices, financial
                                                                          Project Development Control and
                                        licenses to the companies carrying                              leasing companies, insurance and
       ABOUT LAL REAL                   out the appraisal works was given   Feasibility Studies         reinsurance companies,

       ESTATE APPRAISAL                 to the Banking Regulation and   Appraisal for which we          municipalities, independent
                                        Supervision Agency (BRSA). With                                 auditing companies, intermediary
       INC.                             the decision of the Banking     provide services                institutions, associations and

                                        Regulation and Supervision Agency     Fields - Lands           especially to the companies which
       Lal Real Estate Appraisal and    dated 27.01.2011 and numbered     Houses – Villas – Residences   are governed by the CMB legislation
       Consultancy Inc. was established in   4030.                        Buildings                    with its experience in the sector.
       1996. It obtained the License of the                               Business Centers – Plazas -
       Capital Market Board in 2007, the   LAL Real Estate Appraisal Inc. that   Inns
       license of the Banking Regulation   obtained the ISO 9001 Quality     Factories – Plants
       and Supervision Agency and the ISO   Management Certificate, having     Storage Areas – Logistic
       9001 Quality Management          completed the required processes   Facilities
       Certificate in 2011. Today, Lal Real   in 2011 carries out its works in     Gas Stations- Refineries
       Estate Appraisal and Consultancy   compliance with these standards     Shopping Centers
       Inc. having an experienced cadre   and ensured to provide the      Hotels – Holiday Villages
       that assumed tasks of appraisal of a   continuity of its service quality.     Congress – Fair Areas
       lot of real estate in all regions of
                                                                          Golf Facilities
       Turkey like lands, fields, houses,                                 Energy facilities (HEPP –
       villas, work places, buildings,   Our Services
                                                                          WEPP)
       shopping centers, factories, hotels,   Appraisal Services          Hospitals – Health Facilities
       holiday villages, gas stations, etc. is
                                        Study of the determination of the     Training Facilities
       a company serving throughout
                                        Market Value is the study of the     Harbors - Marinas -
       Turkey and foreign countries with
                                        determination of the price of the   Dockyards
       its headquarters in Ankara,
                                        sale in advance and/or leasing price     Multi-purpose salons
       branches in Istanbul and Izmir,
                                        for which the assets may be sold     Ships – Yachts
       Coordinators in Adana, Eskisehir
                                        without any limiting effect and     Mines – Resources
       and Konya and its contracted
                                        pressure. Market Value is the     Machinery & Other Fixed
       appraisers existing everywhere in
                                        opinion formed as a result of the   Assets
       the country.
                                        evaluation of the analysis results

                                        reached by using the methods
       Our Certificates                 deemed appropriate by the       Whom do we provide
                                                                        services?
       LAL Real Estate Appraisal Inc. was   Appraisal Expert among the
       included in the list to provide real   approaches of “Reconstruction Cost   It provides independent and
       estate appraisal services at the   Method”, “Precedent Comparison   objective reporting services
       meeting of the Decision Organ of   Method”, “Income Capitalization   recognized in accordance with
       the Capital Markets Board dated   Method” and “Project Development   international standards to
       21.09.2007 and numbered 34/982.    Method”.                      persons, public organizations,

                                                                                                  T e l l â l ,  MIPIM 2014 SPECIAL ISSUE
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