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PORTALE DELLA DIDATTICA

Real Estate evaluation

02OIBLU

A.A. 2018/19

Course Language

Inglese

Degree programme(s)

1st degree and Bachelor-level of the Bologna process in Architettura (Architecture) - Torino

Course structure
Teaching Hours
Lezioni 64
Esercitazioni in aula 16
Lecturers
Teacher Status SSD h.Les h.Ex h.Lab h.Tut Years teaching
D'Acci Luca Professore Associato ICAR/22 64 16 0 0 6
Co-lectuers
Espandi

Context
SSD CFU Activities Area context
ICAR/22 8 B - Caratterizzanti Discipline estimative per l'architettura e l'urbanistica
2018/19
The course aims at providing the basic knowledge in the domain of evaluation focusing on real estate as well as links with urban and environmental factors. It will present some introductory basic notions about values, cost-benefit, cost-effectiveness analysis, mathematics of finance, behavioral economics, complexity, spatial analysis. Some methods for appraising the market value of real estate properties and urban areas are illustrated with reference both to the methodological background and case studies.
The course aims at providing the basic knowledge in the domain of evaluation focusing on real estate as well as links with urban and environmental factors. It will present some introductory basic notions about values, cost-benefit, cost-effectiveness analysis, mathematics of finance, behavioral economics, complexity, spatial analysis. Some methods for appraising the market value of real estate properties and urban areas are illustrated with reference both to the methodological background and case studies.
At the end of the course the students will be able to afford the following tasks: - to appraise the market value of real estate properties; - to analyze the real estate value in relation to urban characteristics; - to link real estate value with the recent complexity paradigm and multidisciplinary; - to insert valuations in the sustainability and multidisciplinary framework.
At the end of the course the students will be able to afford the following tasks: - to appraise the market value of real estate properties; - to analyze the real estate value in relation to urban characteristics; - to link real estate value with the recent complexity paradigm and multidisciplinary; - to insert valuations in the sustainability and multidisciplinary framework.
The course does not consider any pre-requisites but the students who passed the exam of calculus might be slightly facilitated.
The course does not consider any pre-requisites but the students who passed the exam of calculus might be slightly facilitated.
The program of the course is articulated according to the following macro-themes (each of them with around the same weight, but with a flexibility according to students interests and performance) : - Valuations; - General appraisal; - Real estate markets; - Property appraisal procedures; - Values and urban factors; - Real estate value and spatial analysis; - Complexity; - Environmental economics.
The program of the course is articulated according to the following macro-themes (each of them with around the same weight, but with a flexibility according to students interests and performance) : - Valuations; - General appraisal; - Real estate markets; - Property appraisal procedures; - Values and urban factors; - Real estate value and spatial analysis; - Complexity; - Environmental economics.
A number of workshops, individual and group presentations and exercises will regularly occur, plus a final assignment. The course will rhythmically alternate theoretical lectures from the teacher and interactive discussions with students as well as students presentations of subjects voluntarily chosen. International short video-lectures/commentaries with international teachers may also be offered to enlarge the vision if opportune.
A number of workshops, individual and group presentations and exercises will regularly occur, plus a final assignment. The course will rhythmically alternate theoretical lectures from the teacher and interactive discussions with students as well as students presentations of subjects voluntarily chosen. International short video-lectures/commentaries with international teachers may also be offered to enlarge the vision if opportune.
Eventual papers, slides and notes on the lectures will be mentioned and discussed in class. Further readings are parts from the following books that will be mentioned at class: Archer W., Ling D.C. (2012). Real Estate Principles: A Value Approach. McGraw-Hill. Mooya M.M. (2016). Real Estate Valuation Theory: A Critical Appraisal. Springer. Xiao Y. (2017). Urban Morphology and Housing Market. Springer. Layard R., Glaister S. (1999). Cost-Benefit Analysis. Cambridge University Press. Levin H.M., McEwan P.J. (2001). Cost-Effectiveness Analysis. Sage. Brooks N., Donaghy K., Knaap G. (Ed) (2012). The Oxford Handbook of Urban Economics and Planning. Oxford University Press. Brakman S., Garretsen H., van Marrewijk C. (2009). The New Introduction to Geographical Economics. Cambridge University Press.
Eventual papers, slides and notes on the lectures will be mentioned and discussed in class. Further readings are parts from the following books that will be mentioned at class: Archer W., Ling D.C. (2012). Real Estate Principles: A Value Approach. McGraw-Hill. Mooya M.M. (2016). Real Estate Valuation Theory: A Critical Appraisal. Springer. Xiao Y. (2017). Urban Morphology and Housing Market. Springer. Layard R., Glaister S. (1999). Cost-Benefit Analysis. Cambridge University Press. Levin H.M., McEwan P.J. (2001). Cost-Effectiveness Analysis. Sage. Brooks N., Donaghy K., Knaap G. (Ed) (2012). The Oxford Handbook of Urban Economics and Planning. Oxford University Press. Brakman S., Garretsen H., van Marrewijk C. (2009). The New Introduction to Geographical Economics. Cambridge University Press.
ModalitÓ di esame: Prova scritta (in aula); Prova orale facoltativa; Elaborato grafico individuale; Elaborato scritto individuale;
Exam: Written test; Optional oral exam; Individual graphic design project; Individual essay;
... Written: The exam consists of a closed book written test (15 multiple response questions + 1 open question of half page) of 1.5 hours. Assignment: examples of the assignment will be better discussed in class: it consists of an A1 poster plus an around 1000 word paper to be prepared whenever the student wishes, about a subject she prefers and to be given to me whenever is ready, or at maximum on the day of the written exam. Both the poster and the paper are open book and prepared at home. The final mark: it will aggregate two marks: the mark of the written test (60% of importance) and the mark of the assignments (40% of importance). Oral (optional, under student's request): the oral exam (3 questions, around 20-25 minutes, closed book) is discretionary and it can increase or decrease the final mark. Objectives the exam aims to test: The type of exam, both written and (for those wanting it) oral, is specifically structured in a way to avoid a "Television Quiz" learning typology. What will count is the understanding of the concepts rather than learning by heart. Specific questions' style to test the in depth conceptual understanding, the capacity to apply, analyse, evaluate and create will be asked and should be expressed. The exam wants to test also the academic-research perspective capacity, and the ability to link theory with practice, as well as to develop an across discipline mind set synergy in the thinking/learning process, as per the lecture's style of the course.
Gli studenti e le studentesse con disabilitÓ o con Disturbi Specifici di Apprendimento (DSA), oltre alla segnalazione tramite procedura informatizzata, sono invitati a comunicare anche direttamente al/la docente titolare dell'insegnamento, con un preavviso non inferiore ad una settimana dall'avvio della sessione d'esame, gli strumenti compensativi concordati con l'UnitÓ Special Needs, al fine di permettere al/la docente la declinazione pi¨ idonea in riferimento alla specifica tipologia di esame.
Exam: Written test; Optional oral exam; Individual graphic design project; Individual essay;
Written: The exam consists of a closed book written test (15 multiple response questions + 1 open question of half page) of 1.5 hours. Assignment: examples of the assignment will be better discussed in class: it consists of an A1 poster plus an around 1000 word paper to be prepared whenever the student wishes, about a subject she prefers and to be given to me whenever is ready, or at maximum on the day of the written exam. Both the poster and the paper are open book and prepared at home. The final mark: it will aggregate two marks: the mark of the written test (60% of importance) and the mark of the assignments (40% of importance). Oral (optional, under student's request): the oral exam (3 questions, around 20-25 minutes, closed book) is discretionary and it can increase or decrease the final mark. Objectives the exam aims to test: The type of exam, both written and (for those wanting it) oral, is specifically structured in a way to avoid a "Television Quiz" learning typology. What will count is the understanding of the concepts rather than learning by heart. Specific questions' style to test the in depth conceptual understanding, the capacity to apply, analyse, evaluate and create will be asked and should be expressed. The exam wants to test also the academic-research perspective capacity, and the ability to link theory with practice, as well as to develop an across discipline mind set synergy in the thinking/learning process, as per the lecture's style of the course.
In addition to the message sent by the online system, students with disabilities or Specific Learning Disorders (SLD) are invited to directly inform the professor in charge of the course about the special arrangements for the exam that have been agreed with the Special Needs Unit. The professor has to be informed at least one week before the beginning of the examination session in order to provide students with the most suitable arrangements for each specific type of exam.
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