Real Estate Valuation
Niveau
Introduction & in-depth study
Learning outcomes of the courses/module
The participants:
• explain the basic principles and structures of real estate valuation in an international context.
• analyze legal, technical, location- and market-specific influencing factors and systematically integrate them into valuation models.
• apply national and international valuation methods to determine market-appropriate real estate values.
• explain the basic principles and structures of real estate valuation in an international context.
• analyze legal, technical, location- and market-specific influencing factors and systematically integrate them into valuation models.
• apply national and international valuation methods to determine market-appropriate real estate values.
Prerequisites for the course
Introduction to Facility & Real Estate Management
Course content
- Fundamentals of real estate valuation
- Procedure and influencing factors of standardized valuation methods (comparative-value method, cost-value method, income-value method, DCF method, residual-value method)
- Introduction to the valuation of rights and encumbrances
- Procedure and influencing factors of standardized valuation methods (comparative-value method, cost-value method, income-value method, DCF method, residual-value method)
- Introduction to the 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
Portfolio assessment
Language
English
Number of ECTS credits awarded
5
Semester hours per week
Planned teaching and learning method
Lectures, discussions, case studies, group work
Semester/trimester in which the course/module is offered
4