Real Estate Valuation
Niveau
Introduction
Learning outcomes of the courses/module
The students are able to:
• Recognize correlations in the valuation procedures and the different types of property
• Understand the systematics of real estate valuation
• Describe and apply national assessment procedures
• Recognize correlations in the valuation procedures and the different types of property
• Understand the systematics of real estate valuation
• Describe and apply national assessment procedures
Prerequisites for the course
Fundamentals of the Real Estate Industry (GIM)
Course content
• Fundamentals of property valuation
• Procedure and influencing factors of standardized valuation methods (comparative value method, material value method, capitalized earnings value method, DCF method, residual value method)
• Introduction to valuation of rights and encumbrances
• Procedure and influencing factors of standardized valuation methods (comparative value method, material value method, capitalized earnings value method, DCF method, residual value method)
• Introduction to valuation of rights and encumbrances
Recommended specialist literature
• Baum, A. E., Crosby, N., & Devaney, S. (2020). Property investment appraisal (Fourth Edition). Wiley.
• Hayward, R. (2014). Valuation: Principles into Practice (6th ed). Taylor and Francis.
• Millington, A. (2013). An Introduction to Property Valuation (5th ed). Taylor and Francis.
• Shapiro, E. F., Mackmin, D., & Sams, G. (2019). Modern methods of valuation (Twelfth edition). Routledge, Taylor & Francis Group.
• Hayward, R. (2014). Valuation: Principles into Practice (6th ed). Taylor and Francis.
• Millington, A. (2013). An Introduction to Property Valuation (5th ed). Taylor and Francis.
• Shapiro, E. F., Mackmin, D., & Sams, G. (2019). Modern methods of valuation (Twelfth edition). Routledge, Taylor & Francis Group.
Assessment methods and criteria
Written exam
Language
English
Number of ECTS credits awarded
4
Semester hours per week
Planned teaching and learning method
Blended Learning
Semester/trimester in which the course/module is offered
2