Introduction to Valuation

At the end of this course students will be able to: 1.define the concepts of valuation and market value; 2.identify when market value should be used for a valuation; 3. outline the steps in valuations and the structure of a valuation report; 4. apply the comparison method of valuation with a practical example; 5. describe the other four methods of valuation; and 6. state when and why each method should be used by a valuer.

The nature and definition of value; Definition and purpose of valuation; the function of value economic, constitutional, geographical, environmental, political and legal basis of property value. The effect of the international situation. The capital market and the principles governing interest rates and yield market analysis. Structure and environmental surveys and reports for valuation; the mathematical background and construction of valuation table.