| CODE | CNM3803 | ||||||||
| TITLE | Property Valuation Techniques | ||||||||
| UM LEVEL | 03 - Years 2, 3, 4 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 6 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Construction and Property Management | ||||||||
| DESCRIPTION | This study-unit will provide more depth to the study of management in the construction process. It will focus on: (1) Valuation Methods; (2) Legal Aspects of Valuation; (3) Financial aspects of Valuation. Study-unit Aims: The aims of the study-unit are to introduce students to the different methods available for performing valuation of real estate property and their appropriate application in practice. Exploring the legal and financial context within which valuations are prepared sets a real world and local focus to the subject matter. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Identify the appropriate valuation method to be adopted in the context of a case study; - Prepare a valuation report for a given property in the private property market; - Assess the value of property subject to a legal framework; - Prepare a financial analysis for a property investment proposal. 2. Skills: By the end of the study-unit the student will be able to: - Analyse the financial aspects of building development within various market settings; - Analyse the financial aspects of land use within various market settings; - Assess the business implications of investment in real estate. Main Text/s and any supplementary readings: Principles of Valuation. Armatys, J et al Valuation: Principles into Practice. Hayward, R. (ed) Property Valuation Techniques. Isaac, D. et al Modern Methods of Valuation. Shapiro, E et al The Income Approach to Property Valuation. Baum, A. et al |
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| STUDY-UNIT TYPE | Lecture and Independent Study | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Joseph H. Spiteri |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
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