BKR_ONAZ Real Estates and Natural Sources Evaluation

Faculty of Economics and Administration
Spring 2024
Extent and Intensity
0/0/0. 6 credit(s). Type of Completion: zk (examination).
doc. Ing. Vladimír Žítek, Ph.D. (lecturer)
Guaranteed by
doc. Ing. Vladimír Žítek, Ph.D.
Department of Regional Economics – Faculty of Economics and Administration
Contact Person: Ing. Iveta Suchomelová Vašíčková
Supplier department: Department of Regional Economics – Faculty of Economics and Administration
Sat 24. 2. 12:00–15:50 P302b, Fri 15. 3. 12:00–15:50 P201, Sat 16. 3. 17:00–19:50 P302b
Prerequisites (in Czech)
! BKR_ONPZ Real Est. and Nat. Sou. Evalua && FORMA ( K )
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course offers a wider perspective of the issue of real estate valuation. It is based on thorough understanding of the principles of the real estate market and its specifics; attention is devoted to the public interest, land use planning and real estate register. The significance of and the reasons for real estate valuation are explained in the practice. The actual valuation starts with clarifying the procedures for land value determination (either using price maps of building sites or using calculation) and fruit trees and decorative plants value determination. Further attention is given to the cost, comparison and profit approach to building and flat valuations. All procedures are illustrated using practical examples, which enables the right interpretation of the found prices in dependence on the methods used. The entire course works with the idea of spatial differentiation of property values.

The course objective is to equip the students with knowledge about the ways, methods and the significance of land, building and natural resources valuation. The understanding of the construction of individual methods will enable the students to interpret the methods correctly. Moreover, thanks to our conception of the subject, they will also grasp the wider perspective of the real estate market, the relationship between the market and the administrative prices and also the significant legal and administrative aspects of the market and the real estates themselves.
Learning outcomes
At the end of the course students should be able to:
- formulate the specifics of the property market
- calculate the deterioration of buildings
- organize a local survey for establishing the condition of a property
- assess the suitability or unsuitability of the choice and direction of methods for property valuation
- compare the results of valuation carried out using different kinds of administrative prices with the market price
- evaluate any property including lands
  • Real estate market and its public character
  • Real estate market and its specification
  • Evidence of real estates, resources of evaluation
  • Land evaluation
  • Agricultural land evaluation
  • Building evaluation
  • Cost method of real estates evaluation
  • Compare method of real estates evaluation
  • Yield method of real estates evaluation
  • Estate agency as a subject of real estate market
    required literature
  • BRADÁČ, Albert. Teorie oceňování nemovitostí. 8. přeprac. vyd. Brno: Cerm, 2009, 753 s. ISBN 9788072046300. info
  • Oceňování majetku 2024, změny oceňovací vyhlášky od 1.1.2024. Edice ÚZ. Sagit. 331 s.
  • ORT, Petr and Olga ŠEFLOVÁ ORTOVÁ. Oceňování nemovitostí v praxi. 2. aktualizované vydání. Praha: Leges, 2022, 126 stran. ISBN 9788075025715. info
  • BRETT, Deborah L. and Adrienne SCHMITZ. Real estate market analysis : methods and case studies. 2nd ed. Washington: Urban Land Institute, 2009, viii, 271. ISBN 9780874201369. info
    recommended literature
  • SEJÁK, Josef. Oceňování pozemků a přírodních zdrojů. Vyd. 1. Praha: Grada, 1999, 251 s. ISBN 8071693936. info
  • CÍSAŘ, Jaromír. Vybrané otázky z trhu nemovitostí. Vyd. 1. Praha: Vysoká škola ekonomická, 1996, 160 s. ISBN 8070796901. info
Teaching methods
Lessons take form of tutorials. Reading of the obligatory literature is expected.
Assessment methods
Written (reaching 60% of the total score is the condition for successful finishing of subject) and oral examination. Semester requirements: create and submit a project.
Language of instruction
Further comments (probably available only in Czech)
The course is taught annually.
Information on the extent and intensity of the course: tutoriál 12 hodin.
The course is also listed under the following terms Spring 2023, Spring 2025.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/econ/spring2024/BKR_ONAZ