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Last modified: 28 Jun 2018 10:27

Course Overview

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.

Course Details

Study Type Postgraduate Level 5
Session Second Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Old Aberdeen Sustained Study No
  • Professor Norman Hutchison

Qualification Prerequisites


What courses & programmes must have been taken before this course?

  • Either MSc Finance and Real Estate (Includes Cfa Exam) (Studied) or MSc Finance and Real Estate (Studied)
  • Any Postgraduate Programme (Studied)

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

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.

Degree Programmes for which this Course is Prescribed

  • MSc Finance and Real Estate
  • MSc Finance and Real Estate (Includes Cfa Exam)

Contact Teaching Time

32 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


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%).


Formative Assessment




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