It is required for students to be in possession of an official university degree, graduate or undergraduate architects, civil engineers or industrial engineers; In case students may have professional experience but no degree they will receive a certificate of completion.
The course also aims professionals and graduates in other fields (economy, laws, geography, etc ) that may work in urban activities, or that may not have direct relation to urbanism but want to get further and accurate practical and theory knowledge on urban management and urban planning
Understanding and analyzing legal and regulatory aspects at all levels, being able to discuss with qualified and specialized professionals in Real Estate valuation, as well as in management and auditing specific local and state taxes, expropriation or urban planning.
Evaluating and writing reports at an international level with a high degree of complexity. Identify risks and determine profitability of Real Estate projects.
Performing consulting task in Real Estate valuation matters for intermediary and trading businesses dealing with all types of Real Estate assets: rural land, housing and subsidized housing, commercial stores, etc. Valuate Real property for all type of purposes: urban and Real Estate Project feasibility, urban management, insurances, property transfers, buying and selling businesses, inventories, partitions, loans.
The main objective of the course is to fulfill the need for knowledgeable professional experts in the field of Real Estate valuations and technical legal matters. Professionals with a high practical and theoretical knowledge in the field, capable as well to initiate and develop research activities.
Integral Project Management. Areas of fundamental knowledge in valuations.
II.1. Theories of value and valuation * concept of value, use, exchange, market, rent,
* professional competence * Land value components * land market * valuation process * valuation report.
II.2. Spatial distribution of Real Estate values. Introduction to urban economics.
II.3. Types of properties and rights over assets.
II.4. Techniques on Real Estate valuation * Market comparison method * replacement cost method * Capitalization or updating method
II.5. Residual methods. Residual static and residual dynamic. Legal frame.
II.6. Market study. Demand and supply relationship.
II.7. Urban land valuation.
II.8. Rural land valuation.
II.9. Practical cases.
T.2 Workshop. Final thesis.
Introduction to Real Estate and financial market. Business administration. Business management.
III.1. Introduction to the Spanish financial system. Basic economic concepts.
III.2. Training on valuation according specific financial entities.
III.3. Real Estate market agents.
III.4. Socio-economy of the Real Estate sector.
III.5. Real Estate investment. Real Estate investment analysis. Real Estate feasibility.
III.6. Economic sustainability report.
III.7. Financing Real Estate sector and loan/credit activity.
III.8. Macroeconomic environment and business strategy.
III.9. Integrating functions to create value. Leading innovation and change.
T.3 Workshop. Final Thesis.
Administrative valuations. Valuation for other purposes. Environmental valuation.
IV.1. Public administration.
IV.2. Artificial Intelligence applied to administrative valuations.
IV.3. Cadastral valuations. Administrative valuations for tax purposes and value verification.
IV.4. Expropriation * Procedures * Fair Price * Expropriation Jury * Re-appraisal * Practical cases.
IV.5. Valuation of other assets or Real Estate rights not related to land * Termination of leasing * Termination of activities * Termination of duties and real rights * Practical cases.
IV.6. Compensations due to planning changes and to the execution of the urban plan.
IV.7. Compensation for damages to the economic activity and to residents.
IV.8. Valuation of buildings related to economic operations.
IV.9. Economic valuation of the environment. Methods for evaluating the environment. Application of environment valuations.
TRAINING ACTIVITY HOURS ATTENDANCE
Workshops 26 35
Studies and individual/group works 78 25
Presentations, communication activities 52 60
Visits to construction sites 26 100
The learning methodology is based in a balanced combination of technical theory knowledge and its practical application through assignments, exercises, real examples with practical study cases, in site visits, visits to public administration offices, etc.
EVALUATION SYSTEM
Individual/group work 40.0
Presenting work in front of an audience 20.0
Class attendance and participation 20.0
Exams 20.0
Elaborating and developing a practical case related to urban planning, analysing building planning, planning proposal, economical feasibility justification, development through a zoning Project, land valuation by the residual dynamic method. Writing all necessary documents, spread sheets, drawings,
Legislation in urban planning:
- Real Decreto Legislativo 2/2008, de 20 de junio, por el que se aprueba el texto refundido de la ley de suelo) y (Real Decreto 1492/2011, de 24 de octubre, por el que se aprueba el Reglamento de valoraciones de la Ley de Suelo.
- Decret Legislatiu 1/2010, de 3 d´agost (LCAT/2010/536) pel que s´aprova el Text refós de la Llei d´Urbanisme de Catalunya.
- Decret 305/2006, de 18 de juliol (LCAT/2006/590), pel que s´aprova el Reglament de la Llei d´Urbanisme.
- Llei 3/2012, de 22 de febrer (LCAT/2012/133), de modificació parcial del Text Refós de la Llei d´Urbanisme de Catalunya.
- Llei 2/2014, de 27 de gener (LCAT/2014/47), de modificació parcial del Text Refós de la Llei d´Urbanisme de Catalunya.
- Llei 6/2009, de 28 d´abril, d´avaluació ambiental de plans i programes.
- Llei 30/1192, de 26 de novembre, de règim jurídic de les administracions públiques i del procediment administratiu comú, amb les actualitzacions introduïdes per la Llei 62/2003, de 30 de desembre, de mesures fiscals administratives i de l´ordre social (llei 30/92 o LRJ-PAC).
- Decret 64/2014, de 13 de maig (LCAT/2014/000), pel que s´aprova el Reglament sobre Protecció de la legalitat urbanística de Catalunya de modificació parcial del Text Refós de la Llei d´Urbanisme de Catalunya.
Sectoral implementing regulations:
- Orden ECO/805/2003 Sobre normas de valoración de bienes inmuebles y de determinados derechos para ciertas finalidades financieras
- REAL DECRETO 1020/1993 de 25 de junio, por el que se aprueban las normas técnicas de valoración y el cuadro marco de valores del suelo y de las construcciones para determinar el valor catastral de los bienes inmuebles de naturaleza urbana.
- International Valuation Standards (IVS 2012); European Valuation Standards (EVS 2012)