Course Code: IC 4104 • Study year: IV • Academic Year: 2024-2025
Domain: Civil Engineering • Field of study: Architecture and town planning
Type of course: Elective (1 of 2)
Language of instruction: English
Erasmus Language of instruction: English
Name of lecturer: George Emanuel Voicu
Seminar tutor: Magdolna Eva Koncsag
Form of education Full-time
Form of instruction: Class
Number of teaching hours per semester: 56
Number of teaching hours per week: 4
Semester: Autumn
Form of receiving a credit for a course: Grade
Number of ECTS credits allocated 3

Course aims:

Estimative determination of the values of real estate, using specific valuation methods correlated with the topographic cadastre.
Knowledge of specific terminology and methods of resolution.
Knowledge of the necessary steps to prepare Expertise Reports for the evaluation of real estate.
Knowledge of the object, of the areas of foundation and of the applicability of the rules of real estate evaluation.

Course Entry Requirements:

General notions regarding cadastre and real estate.

Course contents:

General principles regarding evaluation Foundation of evaluation methods Direct comparison method Cost method Yield methods Criteria regarding the establishment and evaluation of land and buildings The content of the topographic documentation used in the valuation of real estate Evaluation report Land evaluation Evaluation of constructions

Teaching methods:

Lecture, discussions and presentations.

Learning outcomes:

Knowledge of the object, the areas of foundation and applicability of the rules of real estate valuation; Drawing up an valuation report.

Learning outcomes verification and assessment criteria:

Final evaluation- Written paper - 60 %, continuous assessment – 40%.

Recommended reading:

International Valuation Standards Council (IVSC), International Valuation Standards, International Valuation Standards Council (IVSC), LONDON, 2018-2019, -.
Joseph F. Schram, Jr., Real Estate Appraisal, Rockwell Publishing, 2006, 36.
Barris, J., An expert system for appraisal by the method of comparison, PhD Thesis, UPC, Barcelona, 2008, -.
Barris, J., & Garcia-Almirall, P., A density Function of the Appraisal Value, European Real Estate Society, Eindhoven, 2011, -.
Isaac, D., & O'Leary, J., Property Valuation Principles, Palgrave MacMillan, London, 2012,