Since the beginning of first Real Estate Master’s Program in Turkey 2001, real estate finance as a term has been changed and evolved by definition from space and asset market players. After 2007, the mortgage system was introduced in the country and the market is demanding more knowledge and data in order to position itself to rapid changing of game rules from local and central governments. Among those changes the real estate finance course at Istanbul Technical University started a curriculum mostly inspired from a US perspective while strengthening the enrolment of Erasmus students from the EU. While most of the fundamentals of real estate finance stay the same, multidisciplinary backgrounds of the students provide different viewpoints and investment/risk perceptions to be discussed throughout the year. In this paper, the survey data of Master’s Programme graduates and current students is analysed and discussed.