IBO478 Theory of Valuation of Real Estate

Code IBO478
Name Theory of Valuation of Real Estate
Status Compulsory/Courses of Limited Choice
Level and type Undergraduate Studies, Professional
Field of study Civil Construction and Real Estate Management
Faculty Department of Construction Entrepreneurship and Real Estate Economics and Management
Academic staff Ineta Geipele, Renāte Muskate, Iveta Stāmure
Credit points 2.0 (3.0 ECTS)
Parts 1
Annotation Goals, object and subject of real estate valuation. Market value of real estate, factors affecting the value. Financial and mathematical methods used in valuation of real estate. Information required establishing the value of real estate, technical expertise of property and documentation. Generally used methods in real estate valuation, specifics of application. Development trends of the theory of real estate valuation in Europe and the USA..
Goals and objectives
of the course in terms
of competences and skills
Aim is to provide with knowledge about management of real estate value and valuation skills acquiring. Tasks: To study and understand the role of real estate valuation in national economy. To acquire theory of value and valuation methods. To be able to use opportunities of modern information technologies in the process of real estate valuation. To gather information about increase opportunities of real estate value.
Learning outcomes
and assessment
Understanding the role of real estate valuation in the economy. - 1. practical work, examination.
Knowledge of value theory and valuation methods. - 1. practical work, examination.
Understanding the possibilities of modern information technology in real estate valuation process. - 2. practical work, examination.
Ability to apply knowledge of real estate value increase opportunities. - 2. practical work, examination.
Ability to make a real estate appraisal and present it - 3. Preparation of real estate appraisal, its presentation, examination
Course prerequisites Subject is based on knowledge acquired in previous study period

[Extended course information PDF]