Principles of Valuation
| Major | Land and Real Estate Management and Planning |
|---|---|
| Faculty | Faculty of Geodesy |
| Department | Sustainable land use and real estate management |
| Lead Lecturer | Assoc. Prof. Dr. Eng. Georgi Andonov |
Real estate – definition, types and characteristics. Classification of real estates. Real estate market. Cadastre and property registration – sketches and schemes. Sources of information in the real estate valuation (REV). Purpose of valuation. Types of valuation, principles of valuation, factors influencing the market value. Value of money over time. Obsolescence of fixed assets. Approaches and methods of REV. Theory of investment in real estate. Methods of investment choice. Methodological approaches for valuation of sites in case of transformation, development and liquidation. Real estate management – basic elements and factors.