Department of Expertise in Civil Engineering and Real Estate Appraisal 

  • The unique methodological workplace in the field of property valuation and forensic science in the Czech Republic
  • Preparation of expert opinions in complex cases requires research approaches entrusted to the Institute by courts and other public authorities, including the police, municipalities..
  • R&D in following fields:

Real Estate Prices and Property Valuation

  • Prediction of the market value using AVM
  • Optimization of the SCA valuation approach
  • Research studies for the analysis of pricing factors
  • CART classification techniques for the deduction of an estimate of the insured property value
  • Modelling the relationship between offer duration and the corresponding change in price
  • Estimates of the market value for energy efficient buildings

Construction Defects and Failures Assessment

  • defects and failures in structures with focus on residential, industrial, and agricultural structures
  • finding the real causes of a defect or failure
  • the cost of eliminating the defect or failure found y
  • determining and verifying the real extent and quality of the construction work carried out
  • pricing of the construction work carried out
  • research focused on the thermo-technical behaviour of a building envelope

Main results

  • Real estate market data simulation to valuation procedure
  • New methodology arising from financial market data for property valuation – cap rate estimating

Main projects

  • The influence of significant factors that affect the value of immovable national cultural monuments with a residential function in the Czech Republic
  • Segmentation of residential real estate market for property valuation purposes - empirical evidence and statistical modelling
  • Determination of Cap Rate Using Financial Data from European REITs Market
  • Gentrification effects on housing prices in neighbouring areas
  • Valuation of transport infrastructure with link to BIM (Building Information Modelling)

Responsibility: Ing. Michal Urbánek