Course detail

Real Estate Valuation

FAST-CV07Acad. year: 2014/2015

Basic terminology of real estate valuation. Law regarding property valuation – introduction, analysis and the uses of valuation. Execution and regulation of the law regarding property valuation – the introduction, analysis, use and examples of real estate valuation. Principles of real estate valuation, areas of use and examples.

Language of instruction

Czech

Number of ECTS credits

3

Mode of study

Not applicable.

Guarantor

doc. Ing. Alena Tichá, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Students will get knowledge of the evaluation of real estate
Students will make the acquaintance of law regulation in evaluation of real estate in detail
Students will orientate in kind of prices
Students will acquire rules for real estate choosing for market valuation of real estate
Students will get an overview of different approaches for market valuation of real estate

Prerequisites

Knowledge of costing, price setting and building constructions.

Co-requisites

They are not required.

Planned learning activities and teaching methods

The course is taught through lectures, practical classes and self-study assignments. Attendance at lectures is optional, but attendance at classes is compulsory.

Assesment methods and criteria linked to learning outcomes

Required participation in seminars, elaboration of three case studies , face to face consultation, test with total sum 100 points, limit for classified credit is 50 points.

Course curriculum

1. - 2. Introduction to theory of valuation, basic terminology
3. - 4. Act about evaluation of property in current version
5. Implementing regulation - introduction
6. - 8. Analysis of implementing regulation - constructions and examples
9. Analysis of implementing regulation - return value, examples
10. Analysis of implementing regulation - attrition, examples
11. Analysis of implementing regulation - lots, plants, examples
12. Theory of market valuation of real estate
13. Examples of market valuation of real estate

Work placements

They are not required.

Aims

To get knowledge about valuation of real estate. Ability to analyse and evaluate prices for taxation purposes (administrative price) and for market needs (usual price).

Specification of controlled education, way of implementation and compensation for absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Recommended optional programme components

They are not required.

Prerequisites and corequisites

Not applicable.

Basic literature

Vyhláška MF č. 3/2008 Sb., o provedení některých ustanovení zákona č. 151/1997 Sb. ve znění novel. 2008. (CS)
Zákon č.151/1997 Sb., o oceňování majetku. 1997. (CS)

Recommended reading

BRADÁČ, Albert. a BRADÁČ, Albert. a MELEN, Vaclav: Real Estate Valuation in Czech republic. Chicago: Appraisal Institute Chicago, 2011. 978-1-935328-12-4. (EN)
BRADAČ, Albert a SCHOLZOVÁ, V a KREJČÍŘ, Pavel: Úřední oceňování majetku 2009. Brno: Akademické nakladatelství CERM, 2009. 978-80-7204-615-7. (CS)

Classification of course in study plans

  • Programme N-K-C-SI Master's

    branch E , 1 year of study, winter semester, compulsory

  • Programme N-P-C-SI Master's

    branch E , 1 year of study, winter semester, compulsory

  • Programme N-P-E-SI Master's

    branch E , 1 year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

doc. Ing. Alena Tichá, Ph.D.

Syllabus

1. - 2. Introduction to theory of valuation, basic terminology
3. - 4. Act about evaluation of property in current version
5. Implementing regulation - introduction
6. - 8. Analysis of implementing regulation - constructions and examples
9. Analysis of implementing regulation - return value, examples
10. Analysis of implementing regulation - attrition, examples
11. Analysis of implementing regulation - lots, plants, examples
12. Theory of market valuation of real estate
13. Examples of market valuation of real estate

Exercise

13 hod., compulsory

Teacher / Lecturer

doc. Ing. Alena Tichá, Ph.D.

Syllabus

1. - 2. Introduction to theory of valuation, basic terminology
3. - 4. Case study A – valuation of family house by cost method by law regulation in current version
5. - 6. Case study B – valuation of family house by comparative method by law regulation in current version
7. - 8. Case study C – market valuation of family house by comparative method
9. – 12. Consultation of case studies
13. Check and submission of case studies