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BU553T: ADVANCED VALUATION AND DEVELOPMENT (2023-2024)

Last modified: 23 Jul 2024 10:43


Course Overview

This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, and property development, local 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
Term Second Term Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Fiona Stoddard

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?

Are there a limited number of places available?

No

Course Description

The course will develop skills in the use of 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. Recognition of Ethics, Rules of Conduct and Valuation standards as applied in professional practice. An introduction to the UK tax system & land and property tax computations; examination of valuation for rating and Council Tax; rateable occupation and the unit of valuation; the different methods used in calculating statutory valuations; the revaluation cycle/alteration of the Roll; appeal system.


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

Investment Valuation

Assessment Type Summative Weighting 25
Assessment Weeks 30 Feedback Weeks 33

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Feedback

Feedback sheet with written commentary and rubrics in line with AoL

Learning Outcomes
Knowledge LevelThinking SkillOutcome
FactualAnalyseTo use spreadsheets for valuation purposes
ProceduralApplyTo competently use various valuation techniques in order to carry out valuations across a range of different property types and for a range of statutory and non-statutory purposes
ProceduralEvaluateTo appreciate the range of skills the chartered valuation surveyor needs to competently undertake his/ her work and the professional standards involved

Exam

Assessment Type Summative Weighting 50
Assessment Weeks Feedback Weeks

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Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Residual Valuation / Development Appraisal Case Study

Assessment Type Summative Weighting 25
Assessment Weeks 35 Feedback Weeks 39

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Feedback

Feedback sheet with written commentary and rubrics in line with AoL

Learning Outcomes
Knowledge LevelThinking SkillOutcome
FactualAnalyseTo use spreadsheets for valuation purposes
FactualApplyTo be able to accurately measure the floor areas of buildings and to appreciate the different bases used in such calculations
ProceduralAnalyseTo understand how the development and re-development of property comes about and is undertaken
ProceduralApplyTo competently use various valuation techniques in order to carry out valuations across a range of different property types and for a range of statutory and non-statutory purposes
ProceduralEvaluateTo appreciate the range of skills the chartered valuation surveyor needs to competently undertake his/ her work and the professional standards involved
ProceduralEvaluateTo appreciate the ethics of professional practice and behaviour

Formative Assessment

There are no assessments for this course.

Resit Assessments

Essay

Assessment Type Summative Weighting 100
Assessment Weeks Feedback Weeks

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2 essay style questions completed over 7 days. Each essay 750 words.

Word Count 1500
Learning Outcomes
Knowledge LevelThinking SkillOutcome
Sorry, we don't have this information available just now. Please check the course guide on MyAberdeen or with the Course Coordinator

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
ProceduralEvaluateTo appreciate the range of skills the chartered valuation surveyor needs to competently undertake his/ her work and the professional standards involved
ProceduralApplyTo competently use various valuation techniques in order to carry out valuations across a range of different property types and for a range of statutory and non-statutory purposes
FactualAnalyseTo use spreadsheets for valuation purposes
ProceduralEvaluateTo appreciate the ethics of professional practice and behaviour
ProceduralAnalyseTo understand how the development and re-development of property comes about and is undertaken
FactualApplyTo be able to accurately measure the floor areas of buildings and to appreciate the different bases used in such calculations

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