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CZECH TECHNICAL UNIVERSITY IN PRAGUE
STUDY PLANS
2023/2024

Development, property valuation and real estate market

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Code Completion Credits Range Language
126DOMT Z,ZK 5 4P+1C Czech
Garant předmětu:
Renáta Schneiderová Heralová
Lecturer:
Eduard Hromada, Pavlína Píchová, Renáta Schneiderová Heralová
Tutor:
Kateřina Eklová, Eduard Hromada, Pavlína Píchová, Renáta Schneiderová Heralová, Kateřina Válková
Supervisor:
Department of Construction Management and Economics
Synopsis:

The subject provides basic knowledge about the functioning of the commercial and residential real estate market, supplemented by examples from practice in individual market segments. The development process and its individual phases from acquisition, through planning, own construction and exit - practical examples. Compilation of the cash flow of the development project. Financing options for development projects and existing investment properties, different aspects of individual types of investors in real estate projects. The development project consists of a description of the considered development in the specified area, including a layout design, market analysis, financing proposal, budget and project valuation. Development project (in the form of consultations during the entire semester)

Requirements:

Development project processing in a team, continuous consultation of partial parts. Final presentation.

Syllabus of lectures:

Real estate market, market research - basic categories, specifics of the commercial real estate market

Basic concepts of spatial planning, limits. ÚP as a basic element of developer construction and economic development.

The development process and its phases – Acquisition, Planning, Construction, Exit

Investment in real estate - investment strategy, types of investors, life cycle of investment real estate, including development

Investment performance measurement, benchmarking, expression of value and risk, investment decision-making tools

Real estate financing, bank loan products

Market valuation of real estate

Cash Flow Models, an investment approach to property value

Business plan and cash flow model over time, including sensitivity analysis

Innovation and real estate - examples of technological and commercial innovation, sociological changes, Certifications - SB TOOL, LEED, BREEAM and WELL

Presentation of development projects prepared by students

Syllabus of tutorials:

The content of the exercise is the processing and consultation of one's own development project.

The development project consists of a description of the considered development in the specified area, including a layout design, market analysis, financing proposal, budget and project valuation.

Technical part: real estate cadastre, spatial plan

Technical part: land restrictions, construction proposal

Economic part: costs, revenues

Economic part: economic efficiency

Presentation preparation, consultation

Study Objective:

The aim of the course is to provide students with basic knowledge about the functioning of the commercial and residential real estate market, supplemented by examples from practice in individual market segments. In the selected area, the students will try out the design of the development project.

Study materials:

!David Isaac, John O'Leary, Mark Daley : Property Development: Appraisal and Finance, 2010. ISBN 9781336149359

?Richard Reed, Sally Sims: Property Development, 2014 ISBN 9781317661085

?Harvey J., Jowsey E.: Urban land economics, 5th edition, 2000, ISBN-13: 978-0333912973

?David Isaak: Property Finance (Building and Surveying Series), 2nd edition, 2003, ISBN-13: 978-0333987148

Note:
Time-table for winter semester 2023/2024:
06:00–08:0008:00–10:0010:00–12:0012:00–14:0014:00–16:0016:00–18:0018:00–20:0020:00–22:0022:00–24:00
Mon
Tue
roomTH:C-206

15:00–18:50
(lecture parallel1)
Thákurova 7 (budova FSv)
C206
Wed
Thu
roomTH:B-480

16:00–17:50
ODD WEEK

(lecture parallel1
parallel nr.107)

Thákurova 7 (budova FSv)
B480
roomTH:B-480

16:00–17:50
ODD WEEK

(lecture parallel1
parallel nr.105)

Thákurova 7 (budova FSv)
B480
roomTH:B-476

16:00–17:50
EVEN WEEK

(lecture parallel1
parallel nr.106)

Thákurova 7 (budova FSv)
B476
Fri
roomTH:B-480

11:00–12:50
EVEN WEEK

(lecture parallel1
parallel nr.102)

Thákurova 7 (budova FSv)
B480
roomTH:B-480

13:00–14:50
ODD WEEK

(lecture parallel1
parallel nr.103)

Thákurova 7 (budova FSv)
B480
roomTH:B-480

11:00–12:50
ODD WEEK

(lecture parallel1
parallel nr.101)

Thákurova 7 (budova FSv)
B480
roomTH:B-480

13:00–14:50
EVEN WEEK

(lecture parallel1
parallel nr.104)

Thákurova 7 (budova FSv)
B480
Time-table for summer semester 2023/2024:
Time-table is not available yet
The course is a part of the following study plans:
Data valid to 2024-07-22
Aktualizace výše uvedených informací naleznete na adrese https://bilakniha.cvut.cz/en/predmet6279506.html