Course detail
Real Estate Agencies and Markets
ÚSI-ERRKTAcad. year: 2023/2024
Subject deals with macro and microeconomic relations and theoretical basic principles necessary for understanding of real market activity. Content of subject is aimed at problems of estimation of development trends of single real estate segments (residential buildings, commercial centres, offices, industrial zones, logistic centres 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
Entry knowledge
Rules for evaluation and completion of the course
Not applicable.
Aims
Goal of this project is gaining the necessary knowledge for micro and macroeconomic analysis of problems related to real estate market. It enables creation of integral frame of knowledge leading to rational cognizance of subject behaviour and analysis of development trends in real segments.
Student will know theoretical principles from micro and macroeconomic segment related to problems of real estate markets, estate agencies etc. With this knowledge he/she will be able to critically analyse real occurrences on real estate markets and will be able to apply gained theoretical knowledge for suggestion of resolution.
Study aids
Prerequisites and corequisites
Basic literature
DIPASQUALE, D., WHEATON, W. C. Urban Economics and Real Estate Markets. London: Pearson, 1995. ISBN 978-0132252447.
FANNING, S. F. Market Analysis for Real Estate, Chicago: Appraisal Institute, 2014, 671 p. ISBN 978-1-935328-57-5. FANNING, S. F. Market Analysis for Real Estate, Chicago: Appraisal Institute, 2014, 671 p. ISBN 978-1-935328-57-5. FANNING, S. F. Market Analysis for Real Estate, Chicago: Appraisal Institute, 2014, 671 p. ISBN 978-1-935328-57-5. FANNING, S. F. Market Analysis for Real Estate, Chicago: Appraisal Institute, 2014, 671 p. ISBN 978-1-935328-57-5. (CS)
SOUKUPOVÁ, J., HOŘEJŠÍ, B., MACÁKOVÁ, L., SOUKUP, J. Mikroekonomie. Praha: Management Press, 584 s., 2018. ISBN 978-80-7261-538-4.
SYRUČEK, V., SABOTINOV, V. a kol. Realitní právo. Nemovitosti v realitní praxi. Praha: C. H. BECK, 1. vydání., 2018. ISBN 978-80-7400-701-9
Recommended reading
ORT, P. Analýza realitního trhu. Praha: Leges, 2019, ISBN 978-80-7502-364-3
Elearning
Classification of course in study plans
- Programme REI_P Master's 2 year of study, winter semester, compulsory
Type of course unit
Lecture
Teacher / Lecturer
Syllabus
2. Determinants of real estate market (micro and macroeconomic).
3. Partial real estate markets (residences, commercial and logistic centres, offices, weekend 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.
Elearning