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
course unit code
VAL.1
type of course unit
integrated lecture
mode of delivery
Compulsory
work placement(s)
none