Real Estate Valuation and Appraisal (10) URBAN5159

  • Academic Session: 2025-26
  • School: School of Social and Political Sciences
  • Credits: 10
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 1
  • Available to Visiting Students: Yes
  • Collaborative Online International Learning: No
  • Curriculum For Life: No

Short Description

For students on the MSc City Planning and Real Estate Development programme, the course will introduce how real estate value is created, appraised and exploited in the context of competitive markets and a global economy. It will equip students with the mathematical principles underpinning valuation, and enable them to use a selection of traditional and contemporary techniques based on mathematical formulae to value land and buildings. 

Timetable

Classes to run from Semester 1 and delivered over six weeks, 5 lectures (3 * 2 hrs and 2 * 3hrs), supplemented by a single 2 hr tutorial. There will be an additional 3 practical workshops (2 * 1.5 hrs and 1 * 1hr). 

Requirements of Entry

None

Excluded Courses

None

Co-requisites

None

Assessment

Assessment:

The course will be formally assessed by means of a coursework report (100%). This will be a valuation report based on corporate real estate scenario requiring students to undertake a series of market valuations and consider the merits or otherwise of the various methods employed.

Course Aims

This course aims to explore how real estate value is created, appraised and exploited in the context of competitive markets and a global economy. It will equip students with the mathematical principles underpinning valuation, and enable them to use a selection of traditional and contemporary techniques based on mathematical formulae to value land and buildings.

Intended Learning Outcomes of Course

■ Develop a working knowledge and understanding of the uses and limitations of valuations and appraisals, considering ownership and tenant interests in land and buildings across a range of investment scenarios.

 

■ Develop the ability to collate relevant data then perform the appropriate method when valuing a range of legally defined interests in real estate, demonstrating appropriate numeracy and problem-solving skills.

 

■ Contribute to valuation debates concerning evolution of best practice in adapting to market conditions, including traditional versus contemporary approaches, professional ethics, and incorporation of the broader Economic, Social and Governance (ESG) agenda.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.

 

Minimum requirement for award of credit for students on MSc Real Estate is D3 or above.

 

University standard regulations apply to students on other qualifications.