After successful completion of the course, students are able to analyse the view of all market participants on the basis of examples and to work with methods which are applied in the context of economic efficiency calculation and real estate valuation in order to guarantee a successful realisation.

• Actors in the real estate market
• Derivation of achievable usable areas from zoning and development plans
• Differences in area efficiency according to building typologies
• Determination of property income and derivation of market values
• Overview of construction costs and determination of total investment costs of real estate
• Valuation events and valuation of real estate differentiated according to building typologies
• Methods of determining the market value using the comparison value, earnings value or property value method

Local and regional spatial planning creates framework conditions for the real estate market. However, an actual realization of real estate projects requires that these framework conditions also match the needs of the market.

The market participants implement the corresponding projects using their own financial resources and the corresponding economic risk. Depending on the different property segments, the resulting risk is perceived and accepted differently.

If there is sufficient demand and profitability, market participants are willing to pay a reasonable price for a property that meets the expectations of the property owner and thus forms the land value.

written exam