TEACHING REAL ESTATE VALUATION FOR ENGINEERING STAFF OF THE CONSTRUCTION INDUSTRY

Abstract

The article presents the author's textbook "Comprehensive Real Estate Valuation", issued by the "Vysheishaya shkola" publishing house in the third quarter of 2022. A detailed review of the manual was given by the department of Economics of Construction and Organization of Building Works of BrSTU.

The manual presents the basics of studying real estate valuation: general ideas (subjects and purposes of valuation, types of value, principles of real estate valuation), regulation of valuation activities (legislation, standardization, self-regulation), adopted in the country and in the world, financial mathematics (financial multipliers and their application to valuation, including analysis of uneven cash flows, comparison of assets by total value, calculation of depreciation and its accounting during capitalization, calculation of financial risks, etc.), elements of the theory of errors and mathematical statistics, reconciliation of approaches to real estate valuation. The material contains the latest achievements in the valuation science, is adapted to calculations in the Microsoft Excel package, and is accompanied by numerous examples.

The manual is intended for lectures, practical and laboratory studies of students of the higher educational institutions when studying at the 1st and 2nd stages in construction and economic specialties, as well as in advanced training courses.