Modules

Due to Covid-19 restrictions, learning and teaching activities on campus as described in the module descriptors are currently restricted. Learning and teaching will be enabled through a mixture of scheduled online activity where you will be able to engage with your tutor and classmates in real-time and unscheduled guided activity where you will be required to complete activities and tasks at a time which best suits you. Teaching will take place on campus, wherever possible, and where this is safe to happen.

Definitive information on module delivery during 2020/21 will be provided on Module Moodle Sites. For specific enquiries please contact the module leaders directly.

Core Module Information
Module title:	Property Value Studies (GA)
SCQF level:	07:
SCQF credit value:	20.00
ECTS credit value:	10
Module code:	BSV07404
Module leader:	Temidayo Osunsanmi
School	School of Engineering and the Built Environment
Subject area group:	Building and Surveying

Prerequisites

There are no pre-requisites for this module to be added

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, residential, leisure and the private rented sector
• Sectoral trend analysis
• Analysis of property market transactions

The module will introduce the principal method of property valuation in residential property markets

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
LO5: apply the comparative method of valuation

Full Details of Teaching and Assessment

2021/2, Trimester 2, Face-to-Face,
VIEW FULL DETAILS

Occurrence:	001
Primary mode of delivery:	Face-to-Face
Location of delivery:	MERCHISTON
Partner:
Member of staff responsible for delivering module:	Alison Andrews
Module Organiser:

Learning, Teaching and Assessment (LTA) Approach:

This shall comprise a lecture/seminar of up to 2 hours with a linked 1-hour tutorial/seminar, held twice per day over a consecutive five day period. The face-to-face teaching delivered in Week 1 shall be supported by independent guided study when back in the office and completing the assessments set for the module (Weeks 2-15).

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. The lectures are participative with regular objective test questions asked throughout in a quiz style format. The tutorial/seminars will use a case study approach, which encourages students to actively participate in their learning and, at the same time, provides weekly formative assessment. 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.

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.

Formative Assessment:

The provision of formative feedback is a key component of the LTA approach underpinning this module. Formative feedback opportunities are built into each tutorial where you will be encouraged to engage with and reflect upon module themes via a series of different learning tasks. These provide opportunities for the module tutor to help with your understanding and interpretation of module topics. This formative feedback is delivered in class time in response to student contributions both individually and collectively. Formative feedback arises via the discussion and analysis of tutorial questions, practical examples/cases and associated reflection on a range of learning tasks

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 assessment comprises the creation and submission by each student of a portfolio made up of two parts:

Part 1 – this is personalised reflective summary. The student is required to reflect on their learning for the formative group work presentation
Part 2- this is personalised as the students are able to select the property, analyse information, and prepare a valuation and to then report on this fully to a precise brief as issued. This requires the students to link their theoretical knowledge to the real world.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activity	Learning & Teaching Activity	NESH (Study Hours)
Face To Face	Lecture	24
Face To Face	Tutorial	12
Independent Learning	Guided independent study	164
	Total Study Hours	200
	Expected Total Study Hours for Module	200

Assessment
Type of Assessment	Weighting %	LOs covered	Week due	Length in Hours/Words
Portfolio	100	1-5	10	HOURS= 0, WORDS= 2000
Component 1 subtotal:	100
Component 2 subtotal:	0
Module subtotal:	100

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