FAIR VALUE DETERMINATION IN VALUATION OF INVESTMENT PROPERTIES AND EVALUATION OF THE IMPLEMENTATIONS IN TURKEY

The purpose of this study is to determine which valuation method is used in the investment property which is the most important item of the financial statements of real estate investment trusts operating in Turkey and which is obliged to announce to the public and how this valuation method affects the financial statements of the related institutions. For this purpose, "Investment Property", which is included in the financial statements of the real estate investment companies operating in Turkey in 2009-2016 were examined for the method used in the valuation of the fair value, effect of the change in valuation method to the financial statements, if any, the effect of valuation differences between the periods on the income statements. It is understood that real estate investment trusts in Turkey are aware of the positive effect of appraisal of fair value and investment property on their financial statements and prefer this method after 2014 in particular.