Course detail

Real Estate Valuation

FAST-NVA041Acad. year: 2022/2023

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

4

Mode of study

Not applicable.

Guarantor

Ing. Zdeněk Krejza, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Knowledge about valuation of real estate.

Prerequisites

Knowledge of costing, price setting and building constructions.

Co-requisites

Not applicable.

Planned learning activities and teaching methods

Not applicable.

Assesment methods and criteria linked to learning outcomes

The knowledge is applied in the processing of case studies on real estate valuation. Case studies are submitted for credit.

The exam includes a written test and supplementary oral questions.

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

Not applicable.

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

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

BRADÁČ, A., POLÁK, P.: Úřední oceňování majetku 2024. Brno: Akademické nakladatelství CERM, s.r.o. Brno, 2024. 346 s. ISBN 978-80-7623-119-1 (CS)
DUFEK, Z. a kol. Rukověť znalce v oblasti oceňování majetku. Praha: Aleš Čeněk s.r.o., 2023. 320 s. ISBN: 978-80-7380-920-1. (CS)
International Valuation Standards - Effective 31 January 2022. London: International Valuation Standards Council, 20 St Dunstan’s Hill, LONDON, EC3R 8HL, UKUnited Kingdom, 2022. 145 s. ISBN: 978-0-9931513-4-7 (EN)
Vyhláška č. 441/2013 Sb. o provedení některých ustanovení zákona č. 151/1997 Sb., ve znění pozdějších předpisů (CS)
Zákon č. 151/1997 Sb. o oceňování majetku, ve znění pozdějších předpisů (CS)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme NPC-SIE Master's 1 year of study, summer semester, compulsory

Type of course unit

 

Lecture

26 hod., optionally

Teacher / Lecturer

Ing. Zdeněk Krejza, 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

Ing. Zdeněk Krejza, Ph.D.
Ing. arch. Ondřej Venclík

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.