RE3AV: Applied Valuation

Module Provider:

Real Estate and Planning

Number of credits:

10 [5 ECTS credits]

Level:

H (Honours)

Terms in which taught:

Autumn and Summer

Module Convenor:

Mr PM McAllister

Pre-requisites:

RE1IAP

Co-requisites:

Modules excluded:

Module version for:

2006/7

Aims:
This module aims to provide the student with an understanding of the roles, methodologies and limitations of commercial property valuations and an opportunity to improve their knowledge of contemporary valuation issues.

Assessable learning outcomes:
By the end of the module it is expected that the student will be able to:

Additional outcomes:
The module also aims to encourage the development of written and oral communication, team working, problem solving, business awareness and numeracy skills particularly in practical and workshop sessions

Outline content:
Given the dynamic nature of the subject area, it is envisaged that the content of the module will evolve. The module will explore the context and methodologies of commercial property valuations focusing on investigating the contexts, limitations and reliability of commercial property appraisals, defining and measuring valuation accuracy, the causes and evidence of valuation uncertainty, appraising non-standard leases structures, valuing contaminated land appraising new lease forms and emerging property and international variations in valuation methodology.

Brief description of teaching and learning methods:
Generally a one hour lecture every week followed by a one hour workshop/seminar.

Contact hours:

Assessment:
Examinations:
One two hour paper requiring two answers to be taken at the time of the Part 3 examinations (100%).
Requirements for a pass:
A mark of 40%.
Reassessment arrangements:
One two-hour examination paper in August/September following finals.