Course detail
Real Estate Agencies and Real Estate Markets
ÚSI-1RBRKAcad. year: 2011/2012
Subject deals with macro and micro economic relations and necessary theoretical basic principles for understanding of real market activity. Content of subject is aimed at problems of estimation of development trends of single real segments (residential buildings, commercial centers, offices, industrial zones, logistic centers etc.), means of merchandising and investment at the hand of real derivates.
Further subject deals with development of yields of single segments of real investment, their estimation and capital and development financing. Major part of subject is about problems and activities of estate agencies (mediation, advisory services, mortgage credits and public auctions).
Language of instruction
Number of ECTS credits
Mode of study
Department
Learning outcomes of the course unit
Prerequisites
Co-requisites
Planned learning activities and teaching methods
Assesment methods and criteria linked to learning outcomes
Course curriculum
2. Determinants of real estate market (micro and macroeconomic).
3. Partial real estate markets (residences, commercial and logistics centers, offices, weekends places)
4. Yields of partial real estate markets.
5. Structuring of real estate investments and IFRS.
6. Fisher-Di Pasquale-Wheaton model
7. Institutional investors, development activity and model of acquirement.
8. Facility management
9. Regional real estate markets.
10. European real estate markets.
11. Real estate investment funds and REITs.
12. Importance of market services and activity of real estate agencies.
13. Services offered by estate agencies.
Work placements
Aims
Specification of controlled education, way of implementation and compensation for absences
Recommended optional programme components
Prerequisites and corequisites
Basic literature
Výzkumné studie publikované organizacemi EPRA (www.epra.com), GPR (www.propertyshares.com)
Recommended reading
HOLMAN, R. Ekonomie. C.H.Beck 1999. 726 s. ISBN 80-00-686028-1.
Classification of course in study plans
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
2. Determinanty realitního trhu (mikroekonomické a makroekonomické aspekty)
3. Dílčí realitní trhy (rezidence, obchodní centra, logistická centra, kancelářské prostory, víkendová sídla)
4. Yieldy dílčích realitních trhů
5. Strukturování investic do nemovitostí a IFRS
6. Fisher-Di Pasquale-Wheaton model
7. Institucionální investoři, developerská činnost a model akvizic
8. Facility management
9. Regionální realitní trhy
10. Evropské realitní trhy
11. Nemovitostní investiční fondy a REITs
12. Význam tržních služeb a činnost realitních kanceláří
13. Služby nabízené realitní kanceláří