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Real Estate Development and Valuation
Bachelor of Science (Honours)
Course Details
Course Code | SG_SREAL_K08 |
---|---|
Level | 8 |
Duration | 2 years |
Credits | 60 |
Method of Delivery | Online |
Campus Locations | Sligo |
Mode of Delivery | Part Time |
Course Overview
ATU Sligo in formal collaboration with the Society of Chartered Surveyors of Ireland (SCSI) are delighted to offer Irelands first online part time Bachelor of Science (Honours) in Real Estate Development and Valuation.
The principal aim of the Bachelor of Science (Honours) in Real Estate Development and Valuation programme is to produce graduates capable of meeting present and future needs and challenges in the Property and Surveying profession in the residential, commercial property sectors.
The aims, objectives and learning outcomes of the Programme takes cognisance of the constantly evolving property industry, in areas such as valuation, management, estate agency, property development, property investment, planning etc,. The aim of this programme is to provide the learner with the necessary knowledge and skills to become a property professional.
On successful completion of the programme the learner should be able to demonstrate the following:
- Provide thorough knowledge and a demonstration of core topics such as management, planning and valuation.
- Provide an understanding of various topics such as economics, construction, law, business, taxation, and marketing.
- To develop core competencies in relation to communication and negotiation skills, time management, academic writing, research skill and teamwork through various modules and assignments.
- To develop ‘AS learning’ within the learners, by empowering students to conduct self-directed learning and critically evaluating their own work. This will lead to competent professionals within the workplace.
Course Details
Year 1
Semester | Module Details | Credits | Mandatory / Elective |
---|---|---|---|
1 |
Irish Economic Land PolicyOn completion of this module, the learner will develop an understanding of the housing market and the policies in place in the country. The module will set out the ever-changing housing needs as well as current policy issues and the driving forces behind sustainable change in the market. It investigates the issues with the housing market and the policies therein. Learning Outcomes 1. Examine the issues and challenges posed tothe provision of housing in both the public and private sectors. 2. Interpret the various guidelines issued in relation to development schemes. 3. Investigate Government policies and interventions to aid the shortfalls in the property market. 4. Critically evaluate the advantages andshortfalls of the guidelines and policies in relation to certain developments. |
05 | Mandatory |
1 |
Urban Planning and Sustainable DevelopmentThis module will expand the learners knowledge in Urban Planning and Sustainable Development. The syllabus is broad in scope and practical in nature. It provides students with an understanding of key principles in Spatial Planning and Sustainable Development. Learning Outcomes 1. Examine the importance of how Spatial Planning can optimise development patterns. 2. Investigate Planning Policies and Land Use Principles with regard Urban development. 3. Appreciate the legislation in relation to Quarries, Licencing of Events and Funfairs. 4. Explore the policies in relation toEnvironmental Impact Statements. 5. Explore the origins, purpose and principle of conservation. 6. Assess the procedures for identifying Protected Structures and their inclusion in Development Plans. |
05 | Mandatory |
1 |
Business and Property TaxationThis module explains the importance of business and property taxation. It is designed to show the importance of financial management and taxation within the day to day running of a business. This module explores the implications of taxation on property in Ireland for investors and potential investors and developers. Learning Outcomes 1. Explore the audit process, performance management, fraud, business ethics and corporate social responsibilitywithin a finance capacity 2. Demonstrate the tax implications in the Irish Tax Systemfrom a business perspective including employees. 3. Appraise the purpose of Value-Added Tax (VAT) on the sale of goods and services within a business, outline the accountable person for the payment of VAT and examine the exemptions of VAT on goods and services. 4. Examine the purpose of Capital Gains Tax on the sale, gift, or exchange of an asset and Capital Acquisition Tax following a death or gift received.Apply the methodology and provide advice for scenario-based exercises. 5. Explore the purpose of Stamp Duty charged on the transfer of ownership of property Apply the methodology and provide advice for scenario-based exercises. 6. Demonstratethe process and procedure involved for Probate from a valuation and sale transaction perspective. |
05 | Mandatory |
2 |
Statutory ValuationsThis module explores the valuation practices and procedures of statutory valuations including Compulsory Purchase Orders, Commercial Rating and Local Property Tax. This involves interpreting the underlying legislation and applying it to valuations. The module also provides the learner with in depth knowledge and a practical interpretation of various valuation techniques used for statutory valuations. Using scenario based problems, the learner will be able to demonstrate their understanding of the underlying legislations, provide advice and solutions to clients. Learning Outcomes 1. Interpretthe relevant legislation relating to commercial rating in Ireland. 2. Outline rating practice and procedures in Ireland. Assess the rateable valuation of commercial property for revaluation and revision purposes. 3. Appraise the appeals process in commercial rating, apply this knowledge and provide advice to clients appealing rateable valuations. 4. Outline and discuss compulsory purchase procedures and compensation assessment in Ireland. 5. Applythe appropriate valuation techniques involved in completing and determining the compensation claim fora CompulsoryPurchase Order. 6. Interpret the legislation relating to the Local Property Tax. Apply the appropriate valuation techniques involved in completing the assessment of tax on behalf of a client. 7. Evaluate and discuss Ground Rents and Entitlement to Reversionary Leases in Ireland. |
10 | Mandatory |
3 |
Real Estate Investment and FundingThe funding aspect of the module is primarily concerned with developing an understanding of funding techniques for property investment and development. It aims to further strengthen an understanding of the process to property investment and development. An important element of this module examines the risk and returns of lending and the impacts of gearing on investments. The student will develop knowledge of the different types of investors and investment vehicles utilised in Real Estate Investment. Learning Outcomes 1. Identify and examine the various sources of finance for property investment and development. 2. Evaluatethe varioustypes of investors. 3. Compare and contrast debt v equity. 4. Appraise the financial risks and rewards resulting fromthe various funding techniques of property. |
05 | Mandatory |
4 |
Specialist ValuationsThe module encourages the learner to consider topical theoretical and practical issues that impact on the valuation profession and changing national and international property markets and to formulate informed opinions in response to the challenges identified. It explores the theory and application of both traditional methods and discounted cash flow (DCF) quantitative valuation techniques for development projects. Conduct and appraise the impacts of sensitivity analysis on the DCF. The module also explores the techniques and application of valuing specialist property such as forestry, institutional buildings, such as schools, garda stations and "going concerns" such as hotels, licenced premises, supermarkets, filling stations. Learning Outcomes 1. Develop traditional development appraisals and sensitivity analysis, calculate developers equations and discuss the benefits and risks of assessing development land values in this way 2. Explain and critically evaluate the valuation of going concerns using the traditional profits method and the application of advanced DCF valuation techniques. 3. Apply the appropriate valuation techniques to the valuation of going concerns such as hotels, licenced premises, supermarkets, service stations, etc. 4. Explain the methodologyfor forestry valuations as an investment. Apply the valuation techniques for same. 5. Examine and explore the valuation methodologies for institutional buildings such as \”Schools\” \”Garda Stations\” etc. Apply the valuation techniques to same. |
05 | Mandatory |
3 |
Sustainable DevelopmentThis module develops a conceptual understanding of sustainable development principles across the built environment sector – focusing on applications across real estate and construction sectors. The United Nations Sustainable Development Goals provide a blueprint exhibiting social, economic and environmental goals to be considered. The module considers drivers and barriers for the adoption of sustainable practices in the industry, with a focus on the business case for sustainability practices. It will explore sustainability and transformational adaptation in within the context of the latest policy environment, Government strategies and International context. Learning Outcomes 1. Demonstrateanacademicand practicalunderstanding of key sustainable development conceptsand challenges; 2. Demonstrate an understanding of the range of stakeholder perspectiveson the importance of sustainability; 3. Demonstrate an understanding of the keylegislative and regulatory frameworks underpinning sustainability within the modern economy. 4. Demonstratea critical understanding of significant barriers and challenges related to the adoption of sustainability in built environment. 5. Identify and understand key drivers towards the implementation of sustainability within the relevant markets. |
05 | Mandatory |
Year |
Research Methods and DissertationThis module requires students to propose an original research problem on a topic of relevance to the quantity surveying discipline. With the support of research theory and under the supervision of an assigned quantity surveying supervisor, students will navigate the complete research process culminating in the production of a dissertation. Learning Outcomes 1. Identify and formulate a research problem and generate related research question(s) 2. Discuss and take instruction and act upon tutor advice 3. Articulate the aims of the investigation 4. Produce a well-focused literature review 5. Apply appropriate theoretical approaches and methodology(ies) 6. Collect relevant data and analyse them in light of the research questions 7. Present findings in a coherent and logical manner 8. Synthesise relevant conclusions from the body of research and analysis 9. Present a selfcontained document in an academically acceptable manner 10. Defend the content and findings of the dissertation at an oral examination |
10 | Mandatory |
4 |
Commercial Management for the Quantity SurveyorThe aim of this module is to develop students awareness and understanding of the key characteristics associated with the effective operation of the construction firm within an ever-changing environment. The module also evaluates the areas where lean production theories can make a significant impact in construction. Learning Outcomes 1. Assess the techniques and tools available to manage risk and value throughout the development process. 3. Evaluate the difference sources of finance used for construction and property development and the importance of cash flow forecasting. 4. Develop the ability to analysis whole life costing during the development and design of construction projects. 5. Critically evaluate the importance of supply chain management to the successful running of a construction project. |
05 | Mandatory |
2 |
Lean Principles and Quality ManagementThe aim of this module is to develop students awareness and understanding of the key characteristics associated by improving the effective operation of the construction industry by implementing lean and quality systems. The module also evaluates the areas where lean production theories can make a significant impact in construction. Lean Construction planning underpins a wider approach to applying Lean Thinking to create significant improvements in project safety, predictability, construction and improved productivity. The module will provide the students with an introduction to lean construction and quality management and the tools/method required to implement these processes. Learning Outcomes 1. Critique lean principles, thinking, and practices, and their application in construction 2. Establish the five lean principles, seven wastes and a lean quality approach in a project environment 3. Develop process and continuous improvement skills in the application of lean tools and techniques in a project environment 4. Evaluate and discuss the importance of Supply Change Management 5. Assess the relative merits of Quality and Construction Management tools for using Lean, Quality and BIM synergies. |
05 | Mandatory |
Recommended Study Hours per week
delivered three hours per week. Recommended self-guided study is between 15-20 hours per week.
Examination and Assessment
On-Campus Attendance Requirement
Progression
On successful completion of this programme learners may consider enroling on a related masters programme at ATU Sligo.
Download a prospectus
Entry Requirements
Applicants must have as a minimum a National Framework of Qualifications level 7 Ordinary Degree in a related field or equivalent (including RPL etc).
For candidates without level 7 qualifications, a process of Recognition of Prior Learning (RPL) can be undertaken to assess the candidates suitability to the course. Applicants with other qualifications and with relevant work experience may also be considered through ATU Sligos Recognised Prior Learning (RPL) process. RPL is a process that may allow you to gain admission to a programme or to receive exemptions / credit from some parts of a programme based on demonstrated learning that you may have achieved through another programme of study or through your work and career. Further information is available through www.atu.ie/recognition-of-prior-learning which our dedicated RPL portal or by contacting our admissions tea at admissions.sligo@atu.ie
Careers
Graduates of the programme will have the opportunity to secure careers in the following sectors: Valuation SurveyorAgency (Sales & Lettings of Real Estate)Property Management (Residential/ Commercial)Consultancy for contractors/ developers/ investorsAdvisory (Pension Funds/ Insurance Co./ REITS)Public Sector Positions (OPW/ Valuation Office/ HSE/ County Council/ ESB Networks)Statutory Valuations (Commercial Rating/ Compulsory Purchase Orders)Tenant RepresentationLease Renewals/ Rent ReviewsPlanning ConsultancyValuation of Antiques & SalesAuctioneering & Estate Agency
Further Information
Who Should Apply?
Property Service Providers wishing to become chartered with the Society of Chartered Surveyors Ireland and a Registered RICS Valuer may be interested in this course. Students studying on the current BSc in Property Services and Facilities Management or equivalent degree can progress to the BSc (Hons) in Real Estate Development and Valuation.