Facility & Real  Estate Management FT
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Real estate valuation

level of course unit

Introduction

Learning outcomes of course unit

The students are able to:
• Recognize correlations in the valuation procedures and the different types of property
• Understand the systematics of real estate valuation
• Describe and apply national assessment procedures

prerequisites and co-requisites

Fundamentals of the Real Estate Industry (GIM)

course contents

• Fundamentals of property valuation
• Procedure and influencing factors of standardized valuation methods (comparative value method, material value method, capitalized earnings value method, DCF method, residual value method)
• Introduction to valuation of rights and encumbrances

recommended or required reading

• Kranewitter, H., 2017. Liegenschaftsbewertung. 7th edition. Vienna: Manz.
• Seiser, F., F. Kainz, F., 2011. Der Wert von Immobilien. 1st edition. Graz: Seiser+Seiser Immobilien Consulting.
• Bienert, S. and M. Funk, M., et al., 2014. Immobilienbewertung Österreich. Vienna: ÖVI.
• Kleiber, W., 2016. Verkehrswertermittlung von Grundstücken. 8th edition. Cologne: Bundesanzeiger Verlag.

assessment methods and criteria

Written exam

language of instruction

German

number of ECTS credits allocated

4

eLearning quota in percent

30

course-hours-per-week (chw)

2

planned learning activities and teaching methods

Blended Learning

semester/trimester when the course unit is delivered

2

name of lecturer(s)

Director of Studies

recommended optional program components

none

course unit code

VAL.1

type of course unit

integrated lecture

mode of delivery

Compulsory

work placement(s)

none