222-0220/01 – Property appraisal (OM)
| Gurantor department | Department of Urban Engineering | Credits | 5 |
| Subject guarantor | Ing. Jan Česelský, Ph.D., MBA | Subject version guarantor | Ing. Jan Česelský, Ph.D., MBA |
| Study level | undergraduate or graduate | Requirement | Compulsory |
| Year | 4 | Semester | summer |
| | Study language | Czech |
| Year of introduction | 2006/2007 | Year of cancellation | 2019/2020 |
| Intended for the faculties | FAST | Intended for study types | Bachelor |
Subject aims expressed by acquired skills and competences
Providing an overview of approaches and methods of valuation. Students will learn the administrative pricing and valuation based on market principles.
Teaching methods
Lectures
Tutorials
Summary
The course is to provide an overview of approaches and methods of valuing assets and purpose of awards, including the characteristics of techno-economic and legal categories required for the establishment of administrative and market prices.
Compulsory literature:
Tom Kauko, Maurizio d'Amato: Mass Appraisal Methods: An International Perspective for Property Valuers (Real Estate Issues), Wiley-Blackwell, 2008
Recommended literature:
Tom Kauko, Maurizio d'Amato: Mass Appraisal Methods: An International Perspective for Property Valuers (Real Estate Issues), Wiley-Blackwell, 2008
Additional study materials
Way of continuous check of knowledge in the course of semester
written test
E-learning
Other requirements
Minimum 70% of attendance at the exercises. Absence, up to a maximum of 30%, must be excused and the apology must be accepted by the teacher (the teacher decides to recognize the reason for the excuse).
Tasks assigned on the exercises must be hand in within the dates set by the teacher.
Knowing the control of PC, basic knoledge of economics.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
Records of property sales deal
The category of property valuation. Price and value. Kinds of prices and
their relationship.
Legal aspects of property valuation assumptions correct pricing.
Valuation for the needs of state institutions and the legislative order, while
Expert activity Act. No. 36/1967 Coll. on experts and interpreters and regulation. NO
37/1967 Coll. for its implementation.
The rules governing valuation of property Act. No. 526/1990 Coll. the
prices Act. No. 151/1997 Coll. the valuation of assets and Decree No. 279/1997 Coll. which
is carried out. Core principles of administrative pricing.
Administrative valuation. Real estate, basic concepts:
legal, technical and economic characteristics, registration, building Regulations.
Methods of valuation of buildings: grades, scores, cubic
method. Calculations of specific cases.
land valuation. Basic methods and their application by land
cultures.
Assets from a market perspective. Administrative and market price.
Characteristics of the market valuation as a creative process. Basic features of the market
property. The specifics of real estate markets and businesses. Motivation and conduct market
partners, market segmentation. Optimum and maximum exploitation of property
substitution costs, alternative opportunities, contribution, consistency,
surplus. Analysis of the market, property market as a local market.
The market valuation. The basic valuation approaches. Comparative
approach. Basic database and taking into account differences, setting the corrected
comparing unit prices. Income approach, technology and capitalization
capitalization rate, adjusted income from real estate and its forecast, the investment
method, the technique of direct capitalization, discounted cash flow technique,
nadzisku method.
The cost of a market valuation approach. Method detail
budget, the method of aggregated items, the unit price of a comparable method
construction (THU). Comparison of measurement results according to different approaches. Determination
fair market prices, the likelihood of its achievement.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
Předmět neobsahuje žádné hodnocení.