Core Module Information
Module title: Property Valuation 3

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

Module code: BSV10115
Module leader: Cletus Moobela
School School of Engineering and the Built Environment
Subject area group: Built Environment
Prerequisites

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

Description of module content:

Current property valuation issues; traditional valuation models; critique of traditional methodology; valuations and pricing; valuation accuracy; property performance indices; efficient property market theory; contemporary property pricing models; risk, return and diversification; emerging property valuation issues.

Learning Outcomes for module:

On completion of this module you will be able to:
LO1: critically review current property valuation methodology and apply insight into the limitations and shortcomings of traditional property valuation methods;
LO2. compare and contrast the relationship between valuations and prices;
LO3. Understand techniques of index construction in real estate and the implications in
relation to performance and risk measurement;
LO4. critically reflect on property market efficiency;
LO5. apply contemporary pricing models to measure the performance of investments.
LO6. explore the challenge of contemporary issues in the valuation of property.

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: Cletus Moobela
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods
Students will be encouraged to develop a critical understanding of property valuation. They will undertake exercises that expose the limitations and shortcomings of traditional and contemporary valuation models and both the methodological and technical issues which need to be overcome for the property market to be efficient. In reviewing the research that has been undertaken to overcome such shortcomings, the module will examine contemporary property pricing models, risk, return and diversification and emerging property valuation issues, such as sustainability in valuation, valuation of newly developing sectors such as Built to Rent and the private residential rental sector. Student led seminars will explore key issues in the module.
Embedding of employability/ PDP/ scholarship skills
The module shall assess the standards of communication, creativity and problem solving skills needed to answer such questions relating to the limitations of conventional valuation and the role of contemporary pricing models required by the students to demonstrate such competency. These are fundamental skills required by employers in the management of commercial property.
Research/ teaching linkages
Close links are maintained with the Royal Institution of Chartered Surveyors and industry. This includes reference to research papers and guest lecturing from practitioners.
15b Formative Assessment

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
Module Descriptor
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analysis of tutorial questions, practical examples/cases and associated reflection on a range of learning tasks.

Summative Assessment:
The module is assessed by a timetabled exam at the end of the module and this will assess all learning outcomes (LOs 1-6)

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 22
Face To Face Tutorial 22
Independent Learning Guided independent study 153
Face To Face Centrally Time Tabled Examination 3
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Centrally Time Tabled Examination 100 1-6 14/15 HOURS= 03.00
Component 1 subtotal: 0
Component 2 subtotal: 100
Module subtotal: 100

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