N_OCN Real estate valuation

Institute of Technology and Business in České Budějovice
summer 2026
Extent and Intensity
2/2/0. 5 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Dagmar Frejlachová (seminar tutor)
Guaranteed by
doc. Ing. Jaromír Vrbka, MBA, PhD.
Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Supplier department: Department of Corporate Finance and Economics – School of Expertness and Valuation – Rector – Institute of Technology and Business in České Budějovice
Timetable of Seminar Groups
N_OCN/P01: Tue 13:05–14:35 I301( spojená s I302), D. Frejlachová
N_OCN/S01: Tue 14:50–16:20 I301( spojená s I302), D. Frejlachová
Course Enrolment Limitations
The course is also offered to the students of the fields other than those the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives supported by learning outcomes
The aim of the course is to acquaint students with the principles of real estate valuation according to price regulations, classification of real estate in terms of their valuation, the procedure for determining the estimated price of land, buildings, cost and revenue valuation, real estate valuation on market principles, valuation of services, market (usual) price set revenue, the relationship between supply and demand in valuing at the usual price.
Learning outcomes
Upon successful completion of the course, the student:
He actively masters the basic concepts in the field of real estate valuation and easements.
Uses knowledge of basic literature and legislation in the field of real estate valuation and easements.
It applies individual valuation methods to the valuation of real estate (land and buildings).
It applies individual valuation methods to the valuation of easements and servants.
It sets the rent for the selected property.
Appreciate easements.
Syllabus
  • Lectures:
  • 1. Basic concepts in the field of real estate valuation, data sources
  • 2. Real estate valuation methods, purpose and use
  • 3. Theory of real estate valuation, building life cycle costs, real estate defects
  • 4. Revenue valuation method
  • 5. Comparative method of valuation
  • 6. Price-forming factors, service life, wear
  • 7. Cost method (THU, item budget)
  • 8. Administrative price of real estate - cost method
  • 9. Administrative price of real estate - comparative method and combination cost and revenue methods
  • 10. Real estate valuation in banking, insurance, business activities, property management, real estate goodwill
  • 11. Valuation of easements and services
  • 12. Land valuation (price maps, Naegeli method)
  • 13. Determination of market and simulated rent
  • Seminars:
  • 1. Basic concepts in the field of real estate valuation, construction law
  • 2. Overview of building structures and materials
  • 3. Calculation of areas and enclosed spaces on a specific example
  • 4. Calculation of the yield value of the selected real estate
  • 5. Calculation of the comparative value of a specific property
  • 6. Calculation of the comparative value of a specific property
  • 7. Calculation of the price of a specific property using THU indicators
  • 8. Valuation of selected real estate using the price regulation - cost method
  • 9. Valuation of selected real estate using the price regulation - comparative method and combination of cost and revenue method
  • 10. Specific cases of real estate valuation
  • 11. Valuation of selected easements and servants
  • 12. Valuation of selected land
  • 13. Calculation of rent for a specific property
Literature
    required literature
  • BLATNÝ, Richard. Oceňování nemovitostí v 685 řešených otázkách. Praha: Nakladatelství Jaro, 2023. ISBN 978-80-11-03980-6.
  • ORT, Petr. Oceňování nemovitostí – moderní metody a přístupy. 2. aktualizované vydání. Praha: Leges, 2022. 144 s. ISBN 978-80-7502-572-2.
  • BRADÁČ, Albert a kol. Teorie a praxe oceňování nemovitých věcí. 2. dopl. vyd. Brno: Akademické nakladatelství CERM, 2021. 808 s. ISBN 978-80-7623-066-8.
  • ORT, Petr a Olga ORTOVÁ ŠEFLOVÁ. Oceňování nemovitostí v praxi. 2. aktualizované vydání. Praha: Leges, 2022. 144 s. ISBN 978-80-7502-571-5.
  • ORT, Petr. Oceňování nemovitostí ve zvláštních případech. Praha: Leges, 2022. ISBN 978-80-7502-595-5.
    recommended literature
  • ÚZ 1517: Oceňování majetku – Cenové předpisy a vyhlášky platné v roce 2023. Praha: Sagit, 2023. ISBN 978-80-7488-540-4.
  • HANÁK, Jakub, Kristýna KUHROVÁ a Jan SEDLÁČEK. Oceňování služebností: teorie a praxe. 1. vydání. Praha: Wolters Kluwer, 2024. 176 s. ISBN 978-80-7552-628-1.
  • DUFEK, Zdeněk a kolektiv. Rukověť znalce v oblasti oceňování majetku. 1. vydání. Plzeň: Aleš Čeněk, 2023. 320 s. ISBN 978-80-7380-920-1.
Organizační formy výuky
Lecture
Seminar
Tutorial
Consultation
Teaching Block - tutorial
Komplexní výukové metody
Frontal Teaching
Group Teaching - Cooperation
Brainstorming
Critical Thinking
Individual Work– Individual or Individualized Activity
Student Workload
ActivitiesNumber of Hours of Study Workload
Daily StudyCombined Study
Preparation for Seminars, Exercises, Tutorial1131
Preparation for the Final Test3248
Continous test3333
Final exam22
Attendance on Lectures26 
Attendance on Seminars/Exercises/Tutorial/Excursion2616
Total:130130
Metody hodnocení a jejich poměr
Test – final 50%
cvičný znalecký posudek (in Czech) 50%
Podmínky testu
Exercise expert opinion: valuation of selected real estate by cost, comparative and income valuation methods, valuation of easements.
To successfully complete the course, you must achieve a summative pass/fail grade of at least 70% under the conditions specified below. In the  interim assessment, 50 points i.e. 50 % can be obtained. A total of 50 points, i.e. 50 %, may be obtained in the final assessment.
The overall classification of the course, i.e. points for the final assessment (50 - 0) + points from the interim assessment (50 - 0): A 100 - 90, B 89.99 - 84, C 83.99 - 77, D 76.99 - 73, E 72.99 - 70, FX 69.99 - 30, F 29.99 - 0.
A full-time student is required to meet the mandatory 70% attendance in contact classes, i.e. everything except lectures. If attendance is not met, the student will automatically be graded "-".
Language of instruction
Czech
Teacher's information
Attendance at classes in all forms is dealt with in a separate internal standard of the VŠTE (Recording of student attendance at the VŠTE). For full-time students, 70% attendance is compulsory at contact classes, i.e. everything except lectures. Students are obliged to contact the Head of the Valuation Group immediately after the approval of the Individual Study Plan (ISP) via email, in case the student fails to do so, his/her ISP will not be taken into account. In case of any questions, they can contact the Head of the Valuation Group via email. Students will prepare a mock valuation report within the course, which they are obliged to consult with the lecturer and then submit to the appropriate drop-off room, the final test will be held during the exam period, the date will be set at least 1 week in advance.
Further comments (probably available only in Czech)
The course is taught annually.
  • Enrolment Statistics (recent)
  • Permalink: https://is.vstecb.cz/course/vste/summer2026/N_OCN