Property Valuation and Management - BSc (Hons)

Program Overview

This four-year honours program, accredited by SCSI and RICS, prepares students for a successful career in property management. The program's curriculum covers various aspects of the industry, including property law, valuations, development, investment, marketing, and planning. Students also have the opportunity to gain practical experience through a supervised work placement. Graduates are qualified for roles such as estate agent, property valuer, and surveyor.

Program Outline

Degree Overview:

This is a four-year honours degree programme incorporating three academic years and one full year of industrial work placement in third year. The aim of the programme is to develop a property professional who possesses the knowledge, skills and competencies required to work in the diverse sectors of the property industry such as valuation, estate agency, marketing, property management, investment, development, corporate real estate, research and land-use planning. The programme offers a business-based qualification and covers residential, commercial, agricultural and specialist property. It is fully accredited by the Society of Chartered Surveyors Ireland (SCSI) and has international recognition through the Royal Institution of Chartered Surveyors (RICS). The programme meets the minimum educational requirements required to work as a property services provider under the Property Services (Regulation) Act 2011.

Outline:

Year 1

• Construction Technology (Credits: 10): This module aims to convey the principals of technology, practice and materials involved in domestic building construction.
• Built Environment Law (Credits: 5): The aim of the module if to enable the learners to develop a basic understanding of the Irish legal system as it relates to the Built Environment.
• Property Valuations (Credits: 15): The aims of this module are threefold:
• To provide learners with a foundation in property valuations which will be developed in valuations modules in later years of the programme.
• To introduce learners to the concept of property valuation and the methods used to value residential and commercial property.
• Statutory Valuations and Residential Property Management (Credits: 5): An introduction to the structure of commercial leases, the processes involved in their renewal, sporting leases, rating of commercial property, an introduction to compulsory purchase orders and the management of residential property, both single and multi-unit developments.
• Property Investment Valuations (Credits: 5): The aim of this module is to build upon a basic knowledge of property valuation principles from year one and to apply this knowledge to intermediate level valuations.
The focus of this module is property investment valuations.
• Property Development Valuations (Credits: 5): The aim of this module is build upon a basic understanding of property development valuations from year one and enable them to carry out residual valuations based on residential, commercial and mixed use schemes.
• PVM Integrated Project (Credits: 5): The aim of this module is give learners the opportunity to undertake a major project that simulates a ‘real-life’ property based scenario.
The project will integrate the contents of the following second year modules: Property Development Valuations, Estate Agency Practice and Marketing, Property Law and Planning Law and Development.
• Conservation and Architectural Heritage (Elective) (Credits: 5): The aim of this module is to develop the learners knowledge and appreciation of the built environment from a heritage perspective.
It presents theoretical and practical information to enable learners to have a developed knowledge of built environment conservation.
• Property Economics (Elective) (Credits: 5): This module introduces students to the theoretical concepts associated with Urban Economics.
It examines the evolution of the urbanisation of Ireland, observing the similarities and contrasts between Irish urbanisation patterns and those observed in other EU countries. It examines the role of the market in allocating land to various usages within the urban setting. It further explores the spatial theories which assist us in understanding differing regional and national characteristics associated with the urbanisation of Ireland, Students will also be introduced to economic theory which explains pricing and allocation decisions within the property market.

Year 3

• Active Learning Diary and Professional Competencies (Elective) (Credits: 25): The aim of this module is to develop the student’s professional skills and competencies through experiential learning while on placement within industry.
• Management Practice (Credits: 10): The aim of this module is to develop the learner’s knowledge and critical understanding of the theoretical principles and management practices as applied to the built environment.
• PVM Capstone Project for Non-Industry Based Students (Elective) (Credits: 20): The aim of the real estate capstone project is to provide the learner with an opportunity to critically appraise a work related situation or task.
It further aims to integrate their knowledge base and enhance their interpersonal and communication skills.
• Advanced Statutory Valuations (Credits: 5): This module will cover compulsory purchase of property and wayleaves, purchase of fee simple (ground rents), and evaluating the impact of contamination and environmental factors on the valuation of property.
• Urban Economics & Housing Policy (Credits: 5): The aim of this module is to develop in students an understanding of the implications for the Property and Construction Industry of the thrust of national and EU regional, spatial and infrastructural development policies.
With reference to the spatial and urban development theories which underpin these policy applications.
• Financial Management & Tax Aspects of Property Transactions (Credits: 5): To develop knowledge and understanding of the way organisations finance their operations, plan and control cash flows, optimise their use of working capital and allocate resources to capital expenditure projects.
• Dissertation (Credits: 15): To provide an opportunity for the student to produce a document based on independent study, of which the topic selected will provide an exhaustive, critical, and in-depth analytical study of a specific area of interest.
• Estate Agent
• Auctioneer
• Chartered Surveyor
• Property Valuer
• Property Manager
• Property Consultant
• Residential Agent
• Commercial Agent

Other:

This course is fully accredited by the Society of Chartered Surveyors Ireland (SCSI) and has international recognition through the Royal Institution of Chartered Surveyors (RICS). The programme meets the minimum educational requirements required to work as a property services provider under the Property Services (Regulation) Act 2011. Successful graduates of this programme are eligible for Level 9 and 10 postgraduate programmes within TUS and/or elsewhere.