Development, property valuation and real estate market
| 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 Wed Thu Fri - Time-table for summer semester 2023/2024:
- Time-table is not available yet
- The course is a part of the following study plans:
-
- Management a ekonomika ve stavebnictví (compulsory course)
- Management a ekonomika ve stavebnictví (compulsory course)
- Management a ekonomika ve stavebnictví (compulsory course)