Urban and Real-Estate Valuation

Its objective is to train in the field of economic theory of urban and real state valuation. Beyond practical learning, the course is also aimed at reflecting on the basic elements of the theory of valuation, in order to open research scenarios and further development in the thesis projects.

In this context, it’s intended to develop the main assessment methods, as well as the basic instruments to develop the evaluation process. In the course, the methodologies for valuation of land and buildings are developed: additive (or analytical) method and synthetic method (or set), as well as the main evaluation techniques: market methods, replacement cost and capitalization expected future income.

Also are studied all those factors that affect real estate valuation, reflecting especially on the particularly complex theoretical concepts, such as the inductive nature of the comparison method, the subjectivity inherent in the process of selection and homogenization of samples, the theoretical significance of depreciation and amortization of real estate, or the scope of the notions of capitalization, updating and interest rates.

The theoretical significance of the value of the land is analyzed, as well as the market characteristics of this product, for influencing the different valuation methods, with special emphasis on the concepts of unit value and impact value, as well as on valuation methods static and dynamic residual.

It’s also presented the feasibility analysis of urban and real estate projects (at different scales), developing the necessary techniques for its realization. A central workshop is also included, as an evaluation tool, in which the set of knowledge acquired throughout the course is developed in an integrated and eminently practical way.

  • SHARE:

All Subjects Track UMV