AI1111 Real Estate Valuation 7.5 credits

Fastighetsvärdering

A basic course in real estate valuation.

Offering and execution

Course offering missing for current semester as well as for previous and coming semesters

Course information

Content and learning outcomes

Course contents *

A review of central parts of the subject of real estate valuation.

Intended learning outcomes *

•   Describe the foundations of value theory.
•   Compare and discuss definitions of concepts and           term used in real estate valuation
•   Describe the real estate valuation process
•   Describe the various methods of valuation that are applied to different type of objects, for instance  condominium and woodlands, both from a theoretical and practical perspective.
•   Give an overall description of how market analysis is performed, and how market information is gathered and used in the context of real estate valuation.
•   Discuss real estate valuation when dealing with expropriation, environmentally contaminated property as well as Green Buildings.
•   Discuss the issue of ethics and liability within real estate valuation.
•   Apply the above knowledge practically and as member of a project group, carry out the valuation of a single family house as well as a commercial property of normal character.
•   Critically analyse and judge the quality of a valuation report as well as present and defend your group’s valuation report at a course seminar

Course Disposition

The course consists of lectures as well as exercises some of which are cumpolsory assignments that are carried out in groups with a minimum of 2 students in each.

Literature and preparations

Specific prerequisites *

For students not registrered on a KTH programme:

•   Completed upper secondary education including documented proficiency in swedish and English (IELTS, TOEFL et al) and university studies of at least 120 hp out of which 7,5 hp in Corporate Finance or equivalent.

Recommended prerequisites

Investment Analysis (AI1108)

Equipment

Calculator for the exam

Literature

Fastighetsnomenklaturen, Institutet för värdering av fastigheter i Stockholm och Fastighetsnytt förlag, Stockholm.

Examination and completion

Grading scale *

A, B, C, D, E, FX, F

Examination *

  • PRO1 - Assignment, 3.0 credits, Grading scale: P, F
  • TEN1 - Examination, 4.5 credits, Grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

A compulsory midterm exam which gives bonus points on the final exam will be given. The compulsory exercises also give bonus points on the final exam.

Other requirements for final grade *

Written exam and compulsory exercises.

Opportunity to complete the requirements via supplementary examination

No information inserted

Opportunity to raise an approved grade via renewed examination

No information inserted

Examiner

Hans Lind

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web AI1111

Offered by

ABE/Building and Real Estate Economics

Main field of study *

Technology

Education cycle *

First cycle

Add-on studies

No information inserted

Contact

Henry Muyingo, tel: 08-790 6917, e-post: henry.muyingo@abe.kth.se

Ethical approach *

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.