Last modified: 6 Days, 1 Hour, 58 Minutes ago
This course applies the principles of valuation to more complex real-world examples. Topics covered include rent reviews, compulsory purchase, property investment, 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.
| Study Type | Postgraduate | Level | 5 |
|---|---|---|---|
| Term | Second Term | Credit Points | 15 credits (7.5 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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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 licensed premises. Recognition of Ethics, Rules of Conduct and valuation standards. 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.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | 30 | Feedback Weeks | 33 | |
| Feedback |
Use of feedback sheet with Rubrics. |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Apply | Students will be able to competently use various techniques in order to carry out appraisals and valuations across a range of different property types |
| Procedural | Apply | Students will be able to competently carry out valuations for a range of purposes. |
| Procedural | Create | Students will be able to gather, interpret and analyse data to create reasoned real estate investment advice and communicate this effectively |
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | 35 | Feedback Weeks | 39 | |
| Feedback |
Case study & report. Use of feedback sheet with rubrics. |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Students will be able to differentiate the issues affecting real estate markets from an international perspective |
| Conceptual | Apply | Students will appreciate the ethical and professional standards required by a Chartered Surveyor. |
| Assessment Type | Summative | Weighting | 50 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Conceptual | Analyse | Students will be able to differentiate the issues affecting real estate markets from an international perspective |
| Conceptual | Apply | Students will appreciate the ethical and professional standards required by a Chartered Surveyor. |
| Procedural | Apply | Students will be able to competently carry out valuations for a range of purposes. |
| Procedural | Apply | Students will be able to competently use various techniques in order to carry out appraisals and valuations across a range of different property types |
| Procedural | Create | Students will be able to gather, interpret and analyse data to create reasoned real estate investment advice and communicate this effectively |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | 51,52 | Feedback Weeks | ||
| Feedback | ||||
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Apply | Students will be able to competently carry out valuations for a range of purposes. |
| Procedural | Create | Students will be able to gather, interpret and analyse data to create reasoned real estate investment advice and communicate this effectively |
| Conceptual | Analyse | Students will be able to differentiate the issues affecting real estate markets from an international perspective |
| Procedural | Apply | Students will be able to competently use various techniques in order to carry out appraisals and valuations across a range of different property types |
| Conceptual | Apply | Students will appreciate the ethical and professional standards required by a Chartered Surveyor. |
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