Introduction
The purpose of the module
is to provide an environment in which students
can advance their understanding of techniques,
approaches and issues in property investment
appraisal. The aim in doing this is to combine
topical, practical issues and problems with
insights drawn from leading edge research.
The module will address key
concepts such as value, price and worth and
will cover DCF mathematics and decision rules,
building on this to study cash-flow appraisal
models and ways of dealing with risk. The module
will also embrace more specialised areas, such
as the appraisal of flexi-leases and the actuarial
approach to appraisal. Also included are sessions
on behavioural finance and behavioural real
estate. These sessions emphasise that, in addition
to competence in the use of investment appraisal
tools, it is also important in to understand
how people behave in making investment-related
decisions.
Learning
Aims and Objectives
Module
Requirements
This module is designed for
practitioners with experience who want to be
updated on contemporary appraisal techniques.
As with all advanced modules, participants will
normally be expected to have successfully completed
the introductory modules (or gained exemption from them).
For this module, a prior understanding of computer
spreadsheets is required.
