Property valuation is a delicate professional activity for banking, insurance companies, investment companies and many other actors. The course provides a general overview of the main approaches based on market, income and cost. The first one is a valuation activity using comparable properties to address the opinion of value. The second approach follows a proportional relationship between income and the value of a property. In the final approach or cost approach, value is based on the cost of the property. Further aspects analysed in the course are the valuation of real estate investment and real estate market analysis using statistical techniques. The course will provide also practical applications and examples.
Real Estate Valuation
Mortgage Lending value
Real Estate Valuation Standards
Real Estate Investment
Real Estate Market Analysis
Baum A. (2014), Real Estate Investment a Strategic Approach, Routledge
Shapiro E. Mackmin D. Sams G. (2013) Modern Methods of Valuation, Routledge
Geltner D.M. Miller N.G. Eicholtz P. Clayton J. (2002) Commercial Real Estate Analysis and Investment, Thomson Southwestern
RICS( 2014) Red Book (www.rics.org)
IVSC (2013) International Valuation Standards (www.ivsc.org)
TeGOVA(2016) European Valuation Standards (see www.tegova.org)
Bitner, R. (2008), Confessions of a subprime lender: An insider's tale of greed, fraud, and ignorance. John Wiley & Sons.