Modeling demand factors for sustainable reconstruction: Insights from Türkiye's earthquake-affected real estate market

Ayşe Buket Önem; Kerem Yavuz Arslanlı; Maral Taşçılar; Cemre Özipek; Maide Dönmez; Belinay Hira Güney; Şule Tağtekin; Candan Bodur; Yulia Beşik

doi:10.47818/DRArch.2024.v5si151

Modeling demand factors for sustainable reconstruction: Insights from Türkiye's earthquake-affected real estate market

Authors

Ayşe Buket Önem Short Bio Istanbul Technical University

Ayşe Buket Önem is a PhD working at Istanbul Technical University Urban and Environmental Planning and Application Center in Turkey. In 2005, she earned her Ph.D. in urban and regional planning, focusing on urban identity and environmental perception. Currently, she focuses her research on urban planning processes to enhance urban resilience and climate change adaptation in cities, aiming to create more sustainable and livable urban environments for residents.
Kerem Yavuz Arslanlı Short Bio Istanbul Technical University

Assoc.Prof.Dr. Kerem Yavuz Arslanlı is currently employed at Istanbul Technical University Department of Urban and Regional Planning. He worked at University of Alicante Institute of International Economics in 2010 and Cass Business School Department of Finance in 2011. After completion of his PhD, he has started lectures on, “Real Estate Finance & Investment” and “Real Estate Modeling and Forecasting”, at İ.T.Ü. Real Estate Development Master Program. He has academic articles in international/national journals and several conference papers in international conferences. He has been a member of the board of directors of the European Real Estate Society (ERES) and President 2016-17, the leading real estate research and education organization in Europe. (www.eres.org)
Maral Taşçılar Short Bio Istanbul Technical University

Maral Taşcılar is a young professional specializing in real estate development and strategic consultancy. She holds a Bachelor of Architecture and a Master of Science degree in Real Estate Development, both from Istanbul Technical University. Maral currently serves as the Senior Development Executive at HAN Spaces, a leading flex office provider based in Turkey. In this role, she oversees the planning and execution of all national and international expansion projects, contributing to the company's growth and positioning in the dynamic flex office market. Prior to joining HAN Spaces, Maral gained valuable experience at JLL’s Valuation & Strategic Consultancy department. Her professional and academic pursuits focus on the intersection of real estate and technology. She is the author of scientific contributions on new technologies in real estate research, exploring the transformative impact of big data on commercial property forecasting, offering new perspectives on data-driven methodologies and market-oriented real estate analysis.
Cemre Özipek Short Bio Istanbul Technical University

Cemre Özipek is an undergraduate student in Urban and Regional Planning and pursuing a Double Major in Architecture at Istanbul Technical University. Her academic interests include artificial intelligence, remote sensing, mapping, disaster management, and urban segregation. Cemre has conducted research on energy demand modeling in post-disaster settlements, urban segregation, and sustainable urbanization. Currently, she examines the social vulnerability impacts of disaster risks and maps these effects, aiming to contribute to innovative solutions that integrate technology and urban planning for more resilient and inclusive cities.
Maide Dönmez Short Bio Istanbul Technical University

Maide Dönmez is an undergraduate student in Urban and Regional Planning at Istanbul Technical University. She has a strong academic interest in sustainable urbanization, digital transformation, remote sensing, and mapping. Throughout her studies, Maide has conducted research on various topics, including energy modeling in post-disaster settlements, resilient urbanization, and urban segregation. Currently, her work focuses on exploring innovative approaches to urban planning, with an emphasis on social equity, sustainability, and resilience. She aims to develop solutions that integrate these principles to create more inclusive and adaptable urban spaces, improving the quality of life and ensuring long-term sustainability for future generations
Belinay Hira Güney Short Bio Istanbul Technical University

Belinay Hira Güney continues her undergraduate education at Istanbul Technical University, Department of Urban and Regional Planning and double majoring in Architecture. She is interested in urban design, data visualization, participation in planning and artificial intelligence and aims to develop herself in these disciplines. During her studies, she has worked on various topics such as sustainable urbanization, integration of digital technologies into urban planning and energy modeling in post-disaster settlements. She is currently focusing her research on the sharing economy, social media content and urban quality of life, aiming to contribute to the development of innovative solutions for the cities of the future.
Şule Tağtekin Short Bio Istanbul Technical University

Şule Tağtekin is currently an undergraduate student of urban and regional planning at Istanbul Technical University. She is interested in research and development studies conducted in the application of geographic information systems. In these studies, she is interested in both technical analysis production, visualization, and sociological evaluation of these studies and what the effects of these studies will be and how solutions will be provided. This study is about the energy demand model that emerges after a disaster, and she aims to look at studies with different outputs from a multi-faceted perspective and develop innovative suggestions.
Candan Bodur Short Bio Istanbul Technical University

Candan Bodur is an undergraduate student at Istanbul Technical University, Department of Urban and Regional Planning. She focuses on research and development in geographic information systems (GIS) applications, with a particular interest in technical analysis and visualization evaluation of these studies. Throughout her studies, she explores the potential impacts of GIS studies, aiming to provide effective solutions to contribute to urban planning by establishing a link between the physical and digital world, through simulations, analysis and forecasting. Currently, her work aims to analyze different outputs from a multidimensional perspective and develop innovative recommendations by studying post-disaster energy demand patterns.
Yulia Beşik Short Bio Istanbul Technical University

Yulia Beşik continues her undergraduate education at Istanbul Technical University, Department of Urban and Regional Planning with minoring in Economics. She is interested in regional planning, data visualization, and urban design and aims to further develop herself in these areas. During her studies, she has worked on various subjects such as energy modeling in post-disaster settlements, digitalization process of regions, development of a eco-town. Currently she is focusing on creative cities, sustainable urbanisation and urban quality of life, aiming to develop solutions for cities’ future.

DOI:

https://doi.org/10.47818/DRArch.2024.v5si151

Keywords:

disaster recovery, resilient reconstruction, demand modeling, sustainable investments

Abstract

The devastating impacts of the February 2023 earthquakes in Türkiye have underscored the urgent need for resilient and sustainable reconstruction in disaster-affected areas. This research paper explores the potential for low carbon investments in the real estate sector to drive the recovery and redevelopment of earthquake-impacted regions. By leveraging demand modeling techniques and analyzing key market indicators, the study aims to identify investment opportunities that can deliver both economic and environmental benefits. The paper draws upon a comprehensive dataset spanning 81 cities from 2013 to 2022, enabling a robust analysis of residential market dynamics, energy consumption patterns, and socioeconomic factors. Through the application of random-effects GLS regression, the research uncovers the determinants of housing demand and the viability of low carbon interventions in post-disaster settlements. The findings offer valuable insights for policymakers, investors, and real estate professionals seeking to promote sustainable and resilient reconstruction efforts. By highlighting the potential for low carbon investments to stimulate economic recovery while mitigating climate change impacts, this paper contributes to the growing body of knowledge on green real estate and disaster risk management.

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Published

2024-12-31

How to Cite

Önem, A. B., Arslanlı, K. Y., Taşçılar, M., Özipek, C., Dönmez, M., Güney, B. H., Tağtekin, Şule, Bodur, C., & Beşik, Y. (2024). Modeling demand factors for sustainable reconstruction: Insights from Türkiye’s earthquake-affected real estate market. Journal of Design for Resilience in Architecture and Planning, 5((Special Issue), 75–89. https://doi.org/10.47818/DRArch.2024.v5si151