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BU5578: REAL ESTATE DEVELOPMENT AND APPRAISAL (2020-2021)

Last modified: 05 Aug 2021 13:04


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 Aberdeen Sustained Study No
Co-ordinators
  • Professor Norman E. Hutchison

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?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

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.


In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 2 Seminars during University weeks 25 - 26, 28, 30, 32, 34
  • 1 Seminar during University weeks 27, 31, 33, 38
  • 1 Tutorial during University weeks 27, 31, 33

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for second half-session courses may be subject to change. All updates for second-half session courses will be actioned in advance of the second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

2x 2500 word written assignment 50% each

 

Resit: 2500 word written assignment 100%

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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