Last modified: 16 Nov 2016 18:06
This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel. In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.
|Session||Second Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
|Campus||Old Aberdeen||Sustained Study||No|
Computer spreadsheets and appraisal; introduction to simulation techniques; valuation of development properties; DCF appraisal model and calculations of worth/investment value; risk measurement; premiums and surrender and renewal of leases; valuation of over-rented property; valuation of licensed premises; valuation standards; introduction to the UK tax system & land and property tax computations.
This is the total time spent in lectures, tutorials and other class teaching.
1st attempt: 1 two hour written examination (50%); Continuous assessment with two individual assignments, each 25% (up to 1500 words each).
Resit: 1 two hour written examination (100%).