Course code JurZ1009

Credit points 4.50

Valuation Theory of Real Property

Total Hours in Course120

Number of hours for lectures16

Number of hours for laboratory classes32

Independent study hours72

Date of course confirmation04.02.2015

Responsible UnitInstitute of Land Management and Geodesy

Course developer

author prof.

Vivita Puķīte

Dr. oec.

Course abstract

The aim of this course is to provide students with historical development of valuation of real property. Process and legal aspects of real property valuation. The course subjects about valuation theory with base. Students uptake knowledge about values, where are different from market value. The course subjects about valuation methods of practice, its use in case of special valuation of real property.

Learning outcomes and their assessment

• Knowledge - the value of real property, their forms, as well as made aware of the real property value of influencing factors and criteria;
• Skills - know how to apply knowledge of the value of influencing factors, methods and criteria for identifying different types of real property values;
• Competence - acquired knowledge and practical skills of assessment methods use different values for different objects. Be able to critically evaluate your own knowledge and skills, be able to respond for your own work quality.

Compulsory reading

1. Baumane V. Nekustamā īpašuma vērtēšana: Teorētiskie aspekt : mācību līdzeklis. LLU. Jelgava, 2010. 65 lpp.
2. Freibergs J., Žuromskis V. Nekustamo īpašumu vērtēšanas teorija un prakse. SIA „Eiroeksperts”, 2013. 347 lpp.
3. Betts R. M., Ely S. J. Basic Real Estate Appraisal. USA, Engllewood Cliffs: Prentice Hall Career & Тechnology, 1994. 496 p.
4. Baltruma D., Freibergs J. Nekustamā īpašuma vērtēšana. Rīga: Vieda. Invest–Rīga, 1999. 100 lpp.

Further reading

1. Тарасевич Е.И. Анализ инвестиций в недвижимость. Санкт Петербург: МКС, 2000. 428 c.
2. Youngman J. Legal Issues in Property Valuation and Taxation Cases: cases and Materials. USA, Lincoln Institute of Land Policy , 2006. 320 p.
3. Тарасевич Е.И. Методы оценки недвижимости. Санкт Петербург: Технобалт, 1995. 247 c.