ECTS
ECTS Course Catalogue
Course details
Course code: IGS20425o13Semester: 2013/2014 summer
Name: Real Estate Appraisal
Major: Geodesy and Cartography
Study Type: second cycle
Course type: compulsory
Study Semester: 1
ECTS points: 6
Hours (Lectures / Tutorials / Other): 30 / 30 / 0
Lecturer: dr inż. Edward Sawiłow
Language of instruction: Polish / English
The course in English will be available if a minimum of 6 students sign up for a group. If less than 6 students sign up for the group, the course will be available in Polish with the possibility of individual support in English.
Learning outcomes: After completing the course it is expected that students will know the current methodologies of valuing real property in the European Union. Students will be familiar with the methods of appraising forestry property, agricultural real property, underwater lands, residential property and office buildings, commercial real property, business entities, the property’s machinery and fixtures. Students will know property valuation approaches in the context of perpetual usufruct. Students will be able to prepare appraisal reports of the forestry real property, agricultural real property, business real property, dwellings, built-up real estate, and valuation reports for the sale and conversion of perpetual usufruct into freehold ownership.
Competences: The course enables students to understand the responsibility of an appraiser (property valuer) for the economic development, and makes them aware of the social phenomena of the real estate market.
Prerequisites: Mathematics, Legal bases of real estate management, Basic knowledge of spatial planning
Course content: Current approaches to real estate appraisal. The income approach when the income figures are fluctuating. Property appraisal in the context of perpetual usufruct. Forest plots appraisal. Appraisal of forest land, wooded land and shrubbed land that are situated in the urban investment zone open for the public. Appraisal of parks, ornamental gardens, urban green areas and protection forests situated in the urban investment zone open for the public. Appraisal of orchards, water grounds and land real estate. Appraisal of an urbanized undeveloped property. Appraisal of a single family residential property. Appraisal of a multi-family residential property. Appraisal of commercial and industrial buildings. Appraisal of business entities. Appraisal of machinery and fixtures.
Recommended literature: Dybving L., 2000, The Appraisal of Real Estate, The Appraisal Institute, Chicago. Sawiłow E., 2001, Problematyka szacowania wartości nieruchomości jako przedmiotu prawa użytkowania wieczystego, Zeszyty Naukowe AR we Wrocławiu Nr 416, Geodezja i Urządzenia Rolne. Sawiłow E. 2010, Wycena nieruchomości, (unpublished manuscript), Wrocław. Property Management Act of 21 August 1997. Regulation of the Council of Ministers of 21 September 2004 on the property valuation and the preparation of a property appraisal document. Powszechne Krajowe Zasady Wyceny, PFSRM, Warszawa, 2009.
Assessment methods: mandatory credits for the tutorials, oral, written or test-based examination.
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