Research & Development
Department of Expertise in Civil Engineering and Real Estate Appraisal
- The unique methodological workplace in the field of property valuation and forensic science in the Czech Republic
- Preparation of expert opinions in complex cases requires research approaches entrusted to the Institute by courts and other public authorities, including the police, municipalities..
- R&D in following fields:
Real Estate Prices and Property Valuation
- Prediction of the market value using AVM
- Optimization of the SCA valuation approach
- Research studies for the analysis of pricing factors
- CART classification techniques for the deduction of an estimate of the insured property value
- Modelling the relationship between offer duration and the corresponding change in price
- Estimates of the market value for energy efficient buildings
Construction Defects and Failures Assessment
- defects and failures in structures with focus on residential, industrial, and agricultural structures
- finding the real causes of a defect or failure
- the cost of eliminating the defect or failure found y
- determining and verifying the real extent and quality of the construction work carried out
- pricing of the construction work carried out
- research focused on the thermo-technical behaviour of a building envelope
Main results
- Real estate market data simulation to valuation procedure
- New methodology arising from financial market data for property valuation – cap rate estimating
Main projects
- The influence of significant factors that affect the value of immovable national cultural monuments with a residential function in the Czech Republic
- Segmentation of residential real estate market for property valuation purposes - empirical evidence and statistical modelling
- Determination of Cap Rate Using Financial Data from European REITs Market
- Gentrification effects on housing prices in neighbouring areas
- Valuation of transport infrastructure with link to BIM (Building Information Modelling)
Responsibility: Ing. Michal Urbánek