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BU5525: ADVANCED VALUATION AND DEVELOPMENT (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 and local 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
Term Second Term 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 in Real Estate (Commercial Option) (Studied) or MSc in Real Estate (International Option) (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 valuation; DCF appraisal model and calculations of worth/investment value; premiums and surrender and renewal of leases; valuation of over-rented property; valuation of development properties; valuation of licensed premises; valuation standards; introduction to the UK tax system & land and property tax computations; intrduction to valuation for rating and Council Tax; rateable occupation and the unit of valuation; comparative method of valuation; contractor's basis of valuation; receipts and expenditure method; the revaluation cycle/alteration of the Roll; appeal system; international comparison.


Contact Teaching Time

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

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

2x 2500 word written assignment 50% each

 

Resit: 2500 word 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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