Compendium of Real Estate Economics
Niveau
Introductory
Learning outcomes of the courses/module
The participants:
• analyze real estate economics interrelationships and structure their significance for the market, use, life cycle and value development.
• systematically classify legal framework conditions and assess their impact on real estate decisions.
• evaluate economic factors and derive their relevance for investment and management processes.
• identify relevant sources of information and interpret these with regard to use, risk and development potential.
• model simple valuation approaches and confidently apply basic calculation methods.
• develop fundamental project development concepts by integrating site, market and potential analyzes.
• analyze real estate economics interrelationships and structure their significance for the market, use, life cycle and value development.
• systematically classify legal framework conditions and assess their impact on real estate decisions.
• evaluate economic factors and derive their relevance for investment and management processes.
• identify relevant sources of information and interpret these with regard to use, risk and development potential.
• model simple valuation approaches and confidently apply basic calculation methods.
• develop fundamental project development concepts by integrating site, market and potential analyzes.
Prerequisites for the course
none
Course content
- Property analysis using the land register and cadastre, zoning plans, submission plans and development regulations, as well as area definitions
- Basic knowledge of financial mathematics and real estate metrics
- Fundamentals of construction technology (building materials and structures)
- Basic knowledge of the Austrian Tenancy Act (MRG) and the Condominium Act (WEG)
- Fundamentals of real estate valuation
- Fundamentals of project development
- Fundamentals of building management
- Basic knowledge of financial mathematics and real estate metrics
- Fundamentals of construction technology (building materials and structures)
- Basic knowledge of the Austrian Tenancy Act (MRG) and the Condominium Act (WEG)
- Fundamentals of real estate valuation
- Fundamentals of project development
- Fundamentals of building management
Recommended specialist literature
- Gondring, H., & Wagner, T. (Hrsg.). (2010). Real Estate Asset Management: Handbuch für Praxis, Aus- und Weiterbildung (1. Aufl.). Vahlen.
- Malloth, T. (Hrsg.). (2013). Immobilienmanagement Österreich (5. Aufl.). ÖVI Wien.
- Artner, S., Kohlmaier, K., et al. (2017). Praxishandbuch Immobilienrecht (2. Aufl.). Linde.
- Riccabona, C., & Mezera, K. (2010). Baukonstruktionslehre 2 bis 5 (aktuellste Aufl.). Manz.
- Bienert, S., Funk, M., et al. (2020). Immobilienbewertung Österreich (4. Aufl.). ÖVI.
- Klaubetz, E., et al. (2016). Handbuch Immobilienprojektentwicklung. Linde.
- Malloth, T. (Hrsg.). (2013). Immobilienmanagement Österreich (5. Aufl.). ÖVI Wien.
- Artner, S., Kohlmaier, K., et al. (2017). Praxishandbuch Immobilienrecht (2. Aufl.). Linde.
- Riccabona, C., & Mezera, K. (2010). Baukonstruktionslehre 2 bis 5 (aktuellste Aufl.). Manz.
- Bienert, S., Funk, M., et al. (2020). Immobilienbewertung Österreich (4. Aufl.). ÖVI.
- Klaubetz, E., et al. (2016). Handbuch Immobilienprojektentwicklung. Linde.
Assessment methods and criteria
Portfolio exam
Language
German
Number of ECTS credits awarded
5
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
1