222-0220/02 – Property appraisal (OM)

Gurantor departmentDepartment of Urban EngineeringCredits5
Subject guarantorIng. Jan Česelský, Ph.D.Subject version guarantorIng. Jan Česelský, Ph.D.
Study levelundergraduate or graduateRequirementChoice-compulsory
Year4Semesterwinter
Study languageCzech
Year of introduction2013/2014Year of cancellation2019/2020
Intended for the facultiesFASTIntended for study typesBachelor
Instruction secured by
LoginNameTuitorTeacher giving lectures
CES01 Ing. Jan Česelský, Ph.D.
KAL13 Ing. Jiří Kalvach
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 2+2
Part-time Credit and Examination 16+0

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

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.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

Register of property, purchase agreement 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

Part-time form (validity from: 2013/2014 Summer semester, validity until: 2019/2020 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Exercises evaluation and Examination Credit and Examination 100 (100) 51
        Exercises evaluation Credit 35  10
        Examination Examination 65  16 3
Mandatory attendence participation:

Show history

Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeField of studySpec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2018/2019 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management P Czech Ostrava 4 Choice-compulsory study plan
2017/2018 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management P Czech Ostrava 4 Choice-compulsory study plan
2017/2018 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management K Czech Ostrava 4 Choice-compulsory study plan
2016/2017 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management P Czech Ostrava 4 Choice-compulsory study plan
2016/2017 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management K Czech Ostrava 4 Choice-compulsory study plan
2015/2016 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management P Czech Ostrava 4 Choice-compulsory study plan
2015/2016 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management K Czech Ostrava 4 Choice-compulsory study plan
2014/2015 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management P Czech Ostrava 4 Choice-compulsory study plan
2014/2015 (B3607) Civil Engineering (3647R025) Municipal Engineering (12) Facility management K Czech Ostrava 4 Choice-compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction



2017/2018 Winter
2016/2017 Winter
2015/2016 Winter