Property Valuation
| Title | Εκτιμήσεις αξιών ακινήτων / Property Valuation |
| Code | 08EB055 |
| Faculty | Engineering |
| School | Rural and Surveying Engineering |
| Cycle / Level | 1st / Undergraduate |
| Teaching Period | Winter/Spring |
| Coordinator | Sevasti Chalkidou |
| Common | No |
| Status | Active |
| Course ID | 600024645 |
Programme of Study: PPS Tmīmatos Agronómōn kai Topográfōn Mīchanikṓn (2025-sīmera)
Registered students: 39
| Orientation | Attendance Type | Semester | Year | ECTS |
|---|---|---|---|---|
| Geospatial Surveying | EPILOGĪS ALLĪS EMFASĪS | 8 | 4 | 5 |
| Earth Observation using Geodetic Methods | EPILOGĪS ALLĪS EMFASĪS | 8 | 4 | 5 |
| Construction Surveying | EPILOGĪS ALLĪS EMFASĪS | 8 | 4 | 5 |
| Cadastre and Land Management | YPOCΗREŌTIKO EPILOGĪS EMFASĪS | 8 | 4 | 5 |
| Photogrammetry and Remote Sensing | YPOCΗREŌTIKO EPILOGĪS EMFASĪS | 8 | 4 | 5 |
| Cartography and Geographical Analysis | YPOCΗREŌTIKO EPILOGĪS EMFASĪS | 8 | 4 | 5 |
| Planning and Management of Transportation Infrastructure and Systems | YPOCΗREŌTIKO EPILOGĪS EMFASĪS | 8 | 4 | 5 |
| Water Resources, Environment and Engineering Works | EPILOGĪS ALLĪS EMFASĪS | 8 | 4 | 5 |
| Academic Year | 2025 – 2026 |
| Class Period | Spring |
| Faculty Instructors | |
| Weekly Hours | 3 |
| Class ID | 600255088
|
Course Type 2021
Specialization / Direction
Mode of Delivery
- Face to face
Digital Course Content
- e-Study Guide https://qa.auth.gr/en/class/1/600255088
- At the Website of the School: https://topo.auth.gr/
- eLearning: https://elearning.auth.gr/course/view.php?id=268
Language of Instruction
- Greek (Instruction, Examination)
Prerequisites
General Prerequisites
Students are recommended to successfully complete the courses on Cadastre (6th Semester), Urban Planning (6th Semester), and before taking this course.
Learning Outcomes
Upon completing this course, students will be able to:
- Understand fundamental issues and concepts of the New Building Code and its implementation.
- Understand and interpret economic concepts related to the real estate market and property valuations
- Understand and categorize the main factors determining property values
- Apply the appropriate method of property valuation per case (comparative, residual, investment method, etc.)
- To estimate the value of each property for tax purposes on the basis of existing legislation.
- To draft technical reports of property valuations.
General Competences
- Apply knowledge in practice
- Retrieve, analyse and synthesise data and information, with the use of necessary technologies
- Adapt to new situations
- Make decisions
- Work in teams
- Generate new research ideas
- Respect natural environment
- Demonstrate social, professional and ethical commitment and sensitivity to gender issues
- Be critical and self-critical
- Advance free, creative and causative thinking
Course Content (Syllabus)
The syllabus of the course is organized as follows:
- Introduction to Property Valuation. Basic Concepts and Definitions. The concept of property value and how it is formed on a case-by-case basis.
- Cadastral Systems and Property. Data sources for real estate valuation purposes.
- Technical aspects related to real estate. Introduction to the New Building Regulation (N.O.C.). The Building and Coverage Factors (applications and exceptions). The issue of land use.
- The Comparative Valuation Method. Theory - Applications by Property Category.
- Calculating Property values for tax purposes. Open data sources and web applications on property values by the Ministry of Finance.
- Economic Aspects Related to Property Valuation. Macroeconomics and Microeconomics. The problem of supply and demand in real estate. The concept of interest and interest rates. Calculation of Present Value and Net Present Value. The concept of discounted cash flows.
- The Residual Valuation Method. Theory - Applications - Critical Issues.
- The Replacement Cost Method. Theory - Application examples - Critical issues.
- The Investment Method. The Direct Capitalisation Method. The Cash Flow Projection Method. Theory - Application examples - Critical issues.
- Comparative Valuation of Property Valuation Methods and Critical Issues.
- Drafting a Valuation Report. Structure, main contents and examples.
Keywords
Property administration, Property valuation, Data analysis, Valuation methods
Educational Material Types
- Notes
- Slide presentations
- Multimedia
- Book
Use of Information and Communication Technologies
Use of ICT
- Use of ICT in Course Teaching
- Use of ICT in Laboratory Teaching
- Use of ICT in Communication with Students
- Use of ICT in Student Assessment
Description
Information and Communication Technologies are used in the lectures of the course (online material, videos, presentations, etc.) and in the communication between the teacher and the students.
Course Organization
| Activities | Workload | ECTS | Individual | Teamwork | Erasmus |
|---|---|---|---|---|---|
| Lectures | 39 | ✓ | |||
| Laboratory Work | 13 | ✓ | |||
| Reading Assigment | 25 | ✓ | |||
| Project | 32 | ✓ | |||
| Written assigments | 15 | ✓ | |||
| Exams | 1 | ✓ | |||
| Total | 125 |
Student Assessment
Description
Students are required to submit a group project/topic which counts for fifty percent (50%) of the total grade and to participate in written exams on the understanding of the course material which count for the remaining fifty percent (50%).
Student Assessment methods
- Written Exam with Multiple Choice Questions (Formative, Summative)
- Written Exam with Short Answer Questions (Formative, Summative)
- Written Exam with Extended Answer Questions (Formative, Summative)
- Written Assignment (Formative, Summative)
Bibliography
Course Bibliography (Eudoxus)
ΚΑΡΑΝΙΚΟΛΑΣ ΝΙΚΟΛΑΟΣ.2010. Η ΕΚΤΙΜΗΣΗ ΤΩΝ ΑΚΙΝΗΤΩΝ. ΕΚΔΟΣΕΙΣ ΔΙΣΓΙΜΑ ΙΚΕ [ΚΩΔΙΚΟΣ ΣΤΟΝ ΕΥΔΟΞΟ: 77111975]
ΚΙΟΧΟΣ ΠΕΤΡΟΣ, ΠΟΤΑΜΙΑΝΟΣ ΕΛΕΥΘΕΡΙΟΣ. 2022. REAL ESTATE, ΜΕΘΟΔΟΙ ΕΚΤΙΜΗΣΗΣ ΤΗΣ ΑΞΙΑΣ ΑΚΙΝΗΤΩΝ ΚΑΙ ΔΙΑΧΕΙΡΙΣΗ ΑΚΙΝΗΤΗΣ ΠΕΡΙΟΥΣΙΑΣ. ΕΚΔΟΤΗΣ: ΕΛΕΝΗ ΚΙΟΧΟΥ. [ΚΩΔΙΚΟΣ ΣΤΟΝ ΕΥΔΟΞΟ: 112703235]
Last Update
19-02-2025
