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


Professor, Acting Dean of the Faculty of Applied Sciences


University of Cambridge, England, 2004


University of Cambridge, England, 2001


Middle East Technical University, Turkey, 1998

Research Areas

Real estate finance (residential mortgages, option-based mortgage pricing, commercial real estate), Corporate finance (REITs, ESG investing), Housing Economics.


Published Articles

  • Unal, U., Hayo, Bernd, and I. Erol (2024). The Effect of Immigration on the German Housing Market, The Journal of Real Estate Finance and Economicshttps://doi.org/10.1007/s11146-024-09988-x
  • Unal, U., Hayo, Bernd, and I. Erol (2024). Housing Market Convergence: Evidence from Germany, Applied Economicshttps://doi.org/10.1080/00036846.2024.2315094
  • Erol I., U. Unal, and Y. Coşkun (2023). ESG Investing and the Financial Performance: A Panel Data Analysis of Developed REIT Markets. Environmental Science and Pollution Research, 30, 85154–85169, https://doi.org/10.1007/s11356-023-28376-1
  • Erol, I. and U. Unal (2023) Internal migration and house prices in Australia, Regional Studies, 57:7, 1207-1222, DOI: 10.1080/00343404.2022.2106363
  • Adu-McVie, R., Yigitcanlar, T., Xia, B. and I. Erol (2023). How can innovation districts performance be assessed? Insights from South-East Queensland, Australia. Journal of Place Management and Development, 16 (2), 183-247. https://doi.org/10.1108/JPMD-06-2022-0053.
  • Adu-McVie, R., Yigitcanlar, T., Xia B. and I. Erol (2022). Innovation District Typology Classification via Performance Framework: Insights from Sydney, Melbourne, and Brisbane, Buildings MDPI, 12(9), 1398, https://doi.org/10.3390/buildings12091398.
  • Li, W., T. Yigitcanlar, A. Liu and I. Erol (2022). Mapping Two Decades of Smart Home Research: A Systematic Scientometric Analysis, Technological Forecasting & Social Change, 179, 121676.
  • Erol I. and U. Unal (2022). Employment effects of immigration to Germany in the period of migration policy liberalization, 2005–2018. Eurasian Economic Review, 12, 531–565. https://doi.org/10.1007/s40822-022-00199-4.
  • Chia, J. and I. Erol (2021). Young Australians living with parents: free and pay board as popular housing tenure choices, Journal of Housing and Built Environmenthttps://doi.org/10.1007/s10901-021-09911-3
  • Li, W., T. Yigitcanlar, I. Erol and A. Liu (2021). Motivations, barriers and risks of smart home adoption: From systematic literature review to conceptual frameworkEnergy Research & Social Science, 80, 102211. https://doi.org/10.1016/j.erss.2021.102211.
  • Isler, O., T. Flew, I. Erol and U. Dulleck (2021). Market news and credibility cues improve house price predictions: An experiment on bounded rationality in real estate, Journal of Behavioral and Experimental Finance, 31, 100550.
  • Adu-McVie, R., Yigitcanlar, T., Erol, I. and Xia B. (December 2021) Classifying Innovation Districts: Delphi Validation of a Multidimensional Framework, Land Use Policy, 111, 105779.
  • Coskun, Y., I. Erol, and G. Morri. (2021) Why do Turkish REITs Trade at Discount to NAV? A Rational Approach Analysis, Empirical Economics, 60, 2227-2259.
  • Erol, I., D. Tirtiroglu, and E. Tirtiroglu (2020) Pricing of IPOs Under Legally Mandated Concentrated Ownership and Commitment Period: Evidence from a Natural Experiment for REITs in Turkey, Journal of Behavioral and Experimental Finance, 25, 100245.
  • Erol, I. and T. Tyvimaa (2020) Explaining the Premium to NAV in Publicly Traded Australian REITs, 2008 – 2018, Journal of Property Investment & Finance, 38(1), 4-30.
  • Sokalamis Adu Mcvie, R. Yigitcanlar, T. and I. Erol. (2020) How can contemporary innovation districts be classified? A systematic review of the literature, Land Use Policy, 95, 104595.
  • Erol, I. (2019) New Geographies of Residential Capitalism: Financialization of Turkish Housing Market Since the Early 2000s, International Journal of Urban and Regional Research, 43(4), 724-740.


Real Estate Finance (FIN314) and Financial Management (FIN502)