Assessing Real Estate Valuation Perceptions: A Case Study of Isparta Municipality Staff

Abstract

Real estate valuation holds significant importance for local governments and the real estate sector alike. For municipalities, this process is particularly crucial, influencing a wide array of decisions from tax collection to land-use planning. This study investigates how personnel within a local government perceive real estate valuation, with the aim of uncovering the key factors they believe shape property values. Such insights can empower municipalities to formulate more informed and effective real estate policies. To this end, a survey was conducted among 432 employees of Isparta Municipality. The analysis reveals that the participants identify several critical criteria for valuation: infrastructure and security, the property's location, local population density, access to essential services and education, the socioeconomic status of the area, and proximity to entertainment and social facilities. Among these, infrastructure and security emerged as the most important factor. Conversely, proximity to entertainment and social facilities was perceived as the least influential criterion.