The course offers a wider perspective of the issue of real estate valuation. It is based on thorough understanding of the principles of the real estate market and its specifics; attention is devoted to the public interest, land use planning and real estate register. The significance of and the reasons for real estate valuation are explained in the practice. The actual valuation starts with clarifying the procedures for land value determination (either using price maps of building sites or using calculation) and fruit trees and decorative plants value determination. Further attention is given to the cost, comparison and profit approach to building and flat valuations. All procedures are illustrated using practical examples, which enables the right interpretation of the found prices in dependence on the methods used. The entire course works with the idea of spatial differentiation of property values.

The course objective is to equip the students with knowledge about the ways, methods and the significance of land, building and natural resources valuation. The understanding of the construction of individual methods will enable the students to interpret the methods correctly. Moreover, thanks to our conception of the subject, they will also grasp the wider perspective of the real estate market, the relationship between the market and the administrative prices and also the significant legal and administrative aspects of the market and the real estates themselves.