To browse Academia. In its simplest terms, investment is defined as people's accumulation of their surplus-to-requirement cash, or accumulating cash by reducing requirements in order to reach a specified target. Real estate, treasury bills, stocks and bonds are the four main traditionally recognized classes of asset. Compared to other investment instruments, the most common class of asset in everyday life is real estate. Real estate investment, which has such a major impact on the Turkish and world economies, is progressively gaining significance for domestic and foreign investors through its value added and employment-generating opportunities. As the world's most highly favored investment tool, real estate has a lengthy development process. This process comprises the sub-processes of forming ideas; finding developments and land; feasibility analyses; contracts; construction; opening; and operation. The process in which legal and real estate advisors are involved in the preliminary research phase, countless different units in the construction phase, bankers and finance experts in the financial phase, and marketing professionals and advertisers in the marketing phase, makes the entire process resemble a polyphonic orchestra. In addition to operational units within the building management companies, the real estate operational process involves further units such as leasing, advertising, public relations and legal divisions. While the chief subdivisions of real estate are defined by function as residential, retail, office, hotel and industrial, private school investment is gaining prominence as an alternative investment tool. In spite of rising levels of investment in private schools that started with the ascendancy of neoliberal ideas and policies in Turkey from the beginning of the 's, the low levels of private school capacity in this current century indicate that Turkey is way behind the developed countries with respect to the private education enrolment rates. State Vk Aksaray 68 Escort on education in Turkey as a share of GDP has fallen sharply in In addition, whereas As the share of government spending allotted to education continues a downward trend, new investment needs and shortfalls will Vk Aksaray 68 Escort met by the private sector. Reinforcing this conjuncture, indirect state support to the private sector is serving to boost private school investments. The Ministry of National Education now aims to raise the proportion of total student numbers enrolled at private schools from 7. Investment incentives and educational and training support to students in line with these targets has led to increased demand for private school investments. Nonetheless, student grants and support only offset Vk Aksaray 68 Escort small part of school fees and the rate of private school enrolment has not reached the desired levels. The growth in investment in private schools in Turkey has brought with it a number of issues. In order of importance, these issues may be ranked as land supply, operating at half capacity, and financial difficulties. Zoning plans determine what kind of buildings may be constructed on urban land, and the functional and physical features of these structures. Zoning plans are therefore a critical tool for investors because their planned projects can only be carried out in line with the permissible framework of that plan. Zoning plans define school areas as public land. While the land supply issue is a major obstacle for investors because private school areas are not designated in the plans, the "Planning Areas Zoning Regulation" published on July 3rd authorizes the construction of private educational facilities on publicly owned land as well. The published regulation contradicts the purpose of the zoning plan. Investing in private schools is fairly new in Turkey. For this reason, and notwithstanding the fact that there are specified standards for private school construction, research has determined that there is no classification of schools as exists for other investment instruments - a star system for hotels and Class-A and B for offices, for example. Inthe Ministry of National Education formulated the "Management of Private Educational Institutions Draft" with a view to classifying private schools. However, reaction against the draft led to its cancellation. Today, there is no private school classification system in Turkey. In spite of problems and deficiencies in the private school investment process in Turkey, the development of private schools is important in terms of educational accomplishment and improving structural quality. The high demand for private schools is spurred by the greater social possibilities open to students, international connections and the fact that these establishments are well institutionalized. Private schools, which are knowledge-producing institutions well able to organize and market themselves, and to market knowledge and information as they present students with the advantages of their existing curriculum in line with the stipulations of the law. In our rapidly changing world, private schools that cannot keep pace eventually fall by the wayside. Parents and children who wish to purchase the educational services offered by private schools choose schools by examining their specific characteristics and features.
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