Real Estate Valuation - Advanced
Niveau
Advanced
Learning outcomes of the courses/module
The participants:
• analyze complex valuation cases involving different property types, taking legal, technical, and market-related factors into account.
• evaluate the suitability and limitations of different methods and assess their plausibility in specific valuation situations.
• calculate and interpret value parameters and carry out sensitivity and risk assessments.
• compare and apply national and international valuation standards.
• develop a complete valuation report, including choice of method, data preparation, argumentation, and traceability for professional recipients.
• analyze complex valuation cases involving different property types, taking legal, technical, and market-related factors into account.
• evaluate the suitability and limitations of different methods and assess their plausibility in specific valuation situations.
• calculate and interpret value parameters and carry out sensitivity and risk assessments.
• compare and apply national and international valuation standards.
• develop a complete valuation report, including choice of method, data preparation, argumentation, and traceability for professional recipients.
Prerequisites for the course
Real Estate Valuation 1
Course content
- Advanced application of the comparative, income, and cost approaches with complex case studies
- Dynamic valuation methods
- Valuation of special-purpose properties
- Sensitivity and scenario analyses, risk assessment, and plausibility checks
- International valuation standards and comparison of national regulatory frameworks
- ESG criteria and sustainability assessment of real estate
- Structure, design, and documentation of professional appraisals
- Dynamic valuation methods
- Valuation of special-purpose properties
- Sensitivity and scenario analyses, risk assessment, and plausibility checks
- International valuation standards and comparison of national regulatory frameworks
- ESG criteria and sustainability assessment of real estate
- Structure, design, and documentation of professional appraisals
Recommended specialist literature
- Bienert, S., & Funk, M. (Eds.). (2014). Immobilienbewertung Österreich (ÖVI Edition). Wien, Österreich: Österreichischer Verband der Immobilienwirtschaft (ÖVI).
- Kleiber, W. (2016). Verkehrswertermittlung von Grundstücken (8. Aufl.). Köln, Deutschland: Bundesanzeiger Verlag.
- Kranewitter, H. (2017). Liegenschaftsbewertung (7. Aufl.). Wien, Österreich: Manz Verlag.
- Seiser, F., & Kainz, F. (2011). Der Wert von Immobilien (1. Aufl.). Graz, Österreich: Seiser + Seiser Immobilien Consulting.
- Kleiber, W. (2016). Verkehrswertermittlung von Grundstücken (8. Aufl.). Köln, Deutschland: Bundesanzeiger Verlag.
- Kranewitter, H. (2017). Liegenschaftsbewertung (7. Aufl.). Wien, Österreich: Manz Verlag.
- Seiser, F., & Kainz, F. (2011). Der Wert von Immobilien (1. Aufl.). Graz, Österreich: Seiser + Seiser Immobilien Consulting.
Assessment methods and criteria
Portfolio assessment
Language
German
Number of ECTS credits awarded
6
Semester hours per week
Planned teaching and learning method
Lectures, discussions, exercises, case studies, group work
Semester/trimester in which the course/module is offered
4