Core Module Information
Module title: Property Value Studies

SCQF level: 07:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV07108
Module leader: Temidayo Osunsanmi
School School of Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

None

Description of module content:

This module introduces property value studies. The module will provide the theoretical foundation and analytical framework for the valuation of property and studies of construction cost. The property market will be broken down into its various components and value this attributes to use types.

Key components of property markets
Different property use types such as offices, retail, industrial and residential
Sectoral trend analysis
Analysis of property market transactions

Learning Outcomes for module:

Upon completion of this module you will be able to
LO1: identify the key components of property markets
LO2: understand the value of property by type of use
LO3: use property market analysis to identify sector trends
LO4: analyse property market transactions using the comparative method of valuation.

Full Details of Teaching and Assessment
2022/3, Trimester 1, FACE-TO-FACE, Edinburgh Napier University
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: FACE-TO-FACE
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Temidayo Osunsanmi
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods
The module is taught thematically with each lecture providing an opportunity for the students to learn about key issues underlying the economics and nature of the property market (LOs 1-4) The lectures are participative with regular objective test questions asked throughout in a quiz style format (LOs 1-4). The tutorial/seminars will use a directed study approach, which encourages students to actively participate in their learning and, at the same time, provides weekly formative assessment (LOs 1-3). They also provide opportunities to work in small groups. The aim throughout will be to develop the student’s ability to research and analyse sectors of the property market and to apply the knowledge learnt in the lectures, and in their reading, to a range of practical scenarios including the valuation of residential property (LOs 1-4).

The lectures begin by setting out the factors affecting supply and demand, the components of the property market, the role of data and the analysis of data in the property market, the characteristics of property in the market and an introduction to the valuation of residential property. With this understanding, in place the valuation of residential property is examined (LOs 1-2,4)


Formative Assessment:
The formative assessment will take the form of a group directed problem based learning experience where student groups are required to research the information on a sector of the property market and they have to decide what to include on their group presentation through discussion and with guidance from the tutors. (LO’s 1-3).

Summative Assessment:
The summative assessment comprises the creation and submission by each student of a portfolio made up of three parts (part 1: individual reflection on the group task to research a sector of the property market, part 2: an exercise in the analysis of property market data and part 3: a report and valuation of a house using the comparative methods). These will assess Learning Outcomes 1-4.



Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 22
Face To Face Practical classes and workshops 11
Independent Learning Guided independent study 167
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Portfolio 100.00 1-4 12 HOURS= 000.00, WORDS= 3000
Component 1 subtotal: 100
Component 2 subtotal: 0
Module subtotal: 100

Indicative References and Reading List - URL:
Contact your module leader