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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

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

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.


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

Type of course/module

Type of course