Commercial Property Valuation
Location: Prague, NH Hotel Prague
Lecturer: David Hunt
Attend this intensive 2-day training program and learn:
How valuers use traditional and modern methods to appraise property
The differing approaches to valuing the various property types
What is meant by an IVS compliant valuation report?
How to interpret the results through better understanding of the underlying inputs and assumptions
Valuations of development sites
The role of property in mixed investment portfolios
Current trends in the pan-European property market
Real estate valuation reports can be opaque and difficult to decipher and yet are a crucial element of the world of investment and development. This course will develop skills by taking participants through the process of preparing commercial property valuations. Participants will be introduced to basic valuation approaches and how to identify the key drivers of real estate value. Building on the initial theory, more sophisticated methods will be covered that combine in the production of high-quality valuation reports.
Each session will provide an insight to the valuation profession looking at the procedures followed by property valuation experts. Day 1 will introduce you to the main concepts, offering an overview of the methodologies employed in the appraisal of real estate as well as the main regulatory frameworks. Day 2 will provide an opportunity to examine practical examples before looking at property as an investment asset class and the nature of multi-property asset investment portfolios.
What is the goal of this training?
This training will be of interest to practicing and novice valuers, as well as those that use valuation reports and stakeholders in the real estate investment process. The training will also bridge the gap between users of property valuation reports and the valuers who prepare them. This will ensure the instruction and report processes will run smoother, saving time and expense. You will learn the relevance of real estate as an investment medium, particularly relevant as the availability and sophistication of property investment products continues to grow.
Who should attend?
Real Estate Financers
Each session comprises classroom teaching combined with interactive group exercises and discussions, typically accompanied by a case study.
09.00 - 09.15 Welcome and Introduction
09.15 - 12.30
Session 1: Introduction to Property Valuation
Run through of topics for the two days.
Warm up exercise - "Why do we need to value property?"
Property as an Asset
Market conditions in CEE
Introduction to methods of property valuation
Overview of main organisations that regulate Real Estate Valuation, IPMS, Ethics
Case study: Consideration of comparable buildings - what features drive value?
Session 2: Commercial Real Estate valuation methods and bases
Commercial Real Estate valuation methods
UK model - 5 traditional methods of valuation plus modern methods
US/International model - 3 approaches
How methods affect value
Growth implicit methods v Growth Explicit methods
Worth v Price v Value
Valuations for secured lending, valuations for financial reporting
Case study: Comparison of methods
12.30 - 13.30 Lunch
13.30 - 17.00
Session 3: Starting small - valuation of a single-let property (Investment method)