Modules

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 Computing, 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:

The module will introduce students to the current property valuation issues, focusing on the shortcomings of traditional valuation models and the methodological and technical issues which need to be overcome for the property market to be efficient. In reviewing contemporary research undertaken to overcome such shortcomings, the module examines contemporary property pricing models, risk, return and diversification. students study the procedures to follow in the valuation of property in the commercial sector using pricing models. They also explore the challenge of contemporary issues in the valuation of property, particularly in relation to newer sectors of the market such as the private rented and build to rent sectors.
Learning Outcomes for module:

Upon completion of this module you will be able to

LO1: 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: Explain market efficiency and how this relates to property markets.

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
2024/5, Trimester 1, In Person,
VIEW FULL DETAILS
Occurrence: 001
Primary mode of delivery: In Person
Location of delivery: MERCHISTON
Partner:
Member of staff responsible for delivering module: Cletus Moobela
Module Organiser:


Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)NESH Description
Face To Face Lecture 20 Learning and teaching consist of 2 hour lectures each week, where key topics are covered on valuation issues and techniques. Students also benefit from reading the key reference material supporting each topic in advance of the class. These are referenced on the lecture slides and/or the virtual learning environment.
Face To Face Tutorial 10 These are tutorials for small groups after each lecture. The lectures are followed by 1-hour tutorials that allow for more focused interaction with and between students on the topics learnt in the lectures. This also offers opportunities for formative feedback where students are given instant feedback on the valuation and investment problem solving questions that they attempt in the tutorials.
Online Guided independent study 170 This is a learning approach where students take responsibility for their own learning process, with support and direction from the academics through tutorials and assessments. This will involve reading, working on tutorial tasks and exercises, studying and accessing resources discussed in lectures and tutorials, and working on assessments
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words Description
Report 40 1~2 Week 8 , WORDS= 2500 words The Coursework is based on a critique of traditional and contemporary property valuation approaches, including valuation accuracy. Students are assessed on their ability to critique real world issues affecting the valuation profession, the outcome of which is a client report giving client advice in real estate investments.
Centrally Time Tabled Examination 60 3~4~5~6 Exam Period HOURS= 2.5 Hours This is a written campus-based examination involving problem solving tasks on property valuation. The Examination assesses such aspects as index construction in real estate and the implications in relation to performance and risk measurement, property market efficiency, contemporary pricing models, and emerging issues in real estate valuation.
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100

Indicative References and Reading List - URL:
Property Valuation 3
 

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