Özyeğin University, Çekmeköy Campus Nişantepe District, Orman Street, 34794 Çekmeköy - İSTANBUL

Phone : +90 (216) 564 90 00

Fax : +90 (216) 564 99 99

E-mail: info@ozyegin.edu.tr



Research Areas
  • Housing economics
  • Real estate finance
  • Mortgage pricing
  • Spatial economics and commercial real estate markets
  • Corporate finance applied to real estate markets, REITs.


University of Cambridge, Real Estate Finance, 2004
METU, Economics, 2000, University of Cambridge, Land Economy, 2001
METU, City and Regional Planning, 1998

    • Kutlukaya, M. and I. Erol (September 2016) “Analysis of Cross-Country Variations in the Depth of European Mortgage Markets”, Journal of Housing and the Built Environment, 31(3), 513-543, Springer Netherlands, 
    • Erol, I. (2015). Real Estate and Economic Growth in Turkey in Real Estate, Construction and Economic Development in Emerging Market Economies Edited by Raymond, T.A., O. Franklin, E. Ochieng and M. Vida, published by Routledge.
    • Erol, I. (Nisan 2015). Türkiye’de Konut Balonu Var Mı? Konut Sektörü Kapitalizasyon Oranları Analizi, Sayfa 323-344, Türkiye Ekonomisinin Dünü, Bugünü, Yarını, Derleyenler Emre Özçelik ve Erol Taymaz, İmge Kitabevi Yayınları, Ankara, ISBN 978-975-533-, 2015.
    • Cakici, N., Erol, I. & D. Tirtiroglu (March 2014). Tracking the Evolution of Idiosyncratic Risk and Cross-Sectional Expected Returns for US REITs,  Journal of Real Estate Finance and Economics, 48(3), 415-440, Springer.
    • Erol, I. & B.A. Ozbakir (2012) Globalizing Polycentricity in Istanbul: Mamdani Type Fuzyy Rule-Based Model of Downtown Office Space Rents. Urban Geography, 33(8), 1212-1248, Routledge.
    • Erol, I. & D. Tirtiroglu (July 2011). Concentrated Ownership, No Dividend Payout Requirement and Capital Structure of REITs: Evidence from Turkey. Journal of Real Estate Finance and Economics. 43(1-2), 174-204, Springer.


      • TUBITAK SOBAG Project – Project Leader (April 2015 – April 2016) Analysis of the Determinants of Declining Home Ownership Rate in Turkey


    • Ceylan, R., B.A. Ozbakir and I. Erol (forthcoming 2017) “A critical assessment of Retail Spaces and Shopping Malls in Turkey through Legislative Frameworks”, METU Journal of Faculty of Architecture, AHCI, Thomson Reuters.
    • Erol, I. (forthcoming 2017). Financial Transformation and Housing Finance in Turkey, in The Political Economy of Financial Transformation in Turkey Edited by Galip Yalman and Thomas Marois, Routledge Emerging Economies Series
    • Erol, I. and H. E. Cunedioglu, Sustainability of Homeownership in Turkey: Factors Affecting the Duration of Homeownership and Rental Spells, working paper.
    • Erol, I. and U. Unal, Role of Construction Sector in Economic Growth: New Evidence from Turkey, under review in the journal of “Bulletin of Economic Research” & MPRA Paper, University Library of Munich, Germany
    • Erol, I., D. Tirtiroglu, and E. Tirtiroglu, Evolution of Noise and Pricing Reversals: Comparative Evidence from REIT and Non-REIT IPOs, working paper.


Finance (FIN 202), Risk Management (FIN 411), Corporate Finance (FIN 901)