Syllabus academic year 2008/2009
(Created 2008-07-17.)
REAL ESTATE VALUATIONVFT043

Higher education credits: 7,5. Grading scale: TH. Level: A (Second level). Language of instruction: The course will be given in Swedish. VFT043 overlap following cours/es: VFT044. Optional for: L4fa, L4fr, L4fu. Course coordinator: Senior Lecturer Ingemar Bengtsson, ingemar.bengtsson@nek.lu.se, Fastighetsvetenskap. Prerequisites: FMS033 Mathematical statistics, and VFT045 Real Estate Economics. The course might be cancelled if the numer of applicants is less than 10. Assessment: Participation in project works and a final examination. Further information: The course is taught in Swedish and may be cancelled if fewer than 10 students apply. Home page: http://www.lantm.lth.se.

Aim
The objective of the course is to give participants the basis necessary in order to critically evaluate general price information within a real estate area. The course will also give fundamental knowledge for those who will be working with drafting similar presentations in the future.

Knowledge and understanding
For a passing grade the student must

Be able to:

Skills and abilities
For a passing grade the student must

Be able to:

Judgement and approach
For a passing grade the student must

Be able to:

Contents
The course examines the demands that exist for real estate price information with a focus on the tax value and how credit institutions and rating institutions such as Moodys and Standard & Poor work.

The course looks at how publically accessible information can be used in order to reach a higher degree of precision in real estate valuations. From there, the course continues with studies in how the refinement of such information is made by private companies. Finally, the course also takes up informational summaries of prices that are not recorded in the public register and here, primarily with respect to the cooperative housing market. The participants will in the project task create a value information system of a smaller scale.

Literature
Fastighetsvärdering. LMV-rapport 2004:3
Gloudemans, Mass appraisal of real property, International Association of Assessing Officers
Compendium of articles.