Course syllabus

Fastighetsvärderingssystem
Real Estate Appraisal Systems

VFTN01, 7,5 credits, A (Second Cycle)

Valid for: 2014/15
Decided by: Education Board D
Date of Decision: 2014-04-03

General Information

Elective for: L4-fe
Language of instruction: The course will be given in Swedish

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.

Learning outcomes

Knowledge and understanding
For a passing grade the student must

Be able to:

 

• Interpret general information as to real estate and cooperative housing prices as well as rent levels;
• Describe the regulation of tax values as given in the real estate tax act; and
• Particularly describe how deviations in the database are treated when information is generalized.

Competences and skills
For a passing grade the student must

Be able to:

 

• Create a less extensive database with price information; and
• Describe how the choices and calculations were made in the database.

Judgement and approach
For a passing grade the student must

Be able to:

 

• Evaluate the price information used in the real estate market and understand its limitations.

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.

Examination details

Grading scale: TH
Assessment: Participation in project works and a final examination.

Admission

Admission requirements:

• VFTF05 Real Estate Appraisal

Required prior knowledge: VFTF01 Economics and VFT015 Real Estate Market
The number of participants is limited to: No
The course overlaps following course/s: VFT043

Reading list

• Geltner & Miller, Commercial Real Estate Analysis, Thomson.
• Compendium of articles.

Contact and other information

Course coordinator: Universitetslektor Ingemar Bengtsson, ingemar.bengtsson@lantm.lth.se
Course homepage: http://www.lantm.lth.se