TITLE: REAL ESTATE FORECASTING, MODELLING AND APPRAISAL

Course Objectives:

The main objective of the summer school is to develop comprehensive knowledge on real estate forecasting, modelling and appraisal in Kosovo.

• Understand the fundamental concepts and techniques used in real estate forecasting, modelling, and appraisal.
• Develop the skills necessary to analyze and interpret real estate market data.
• Apply quantitative methods to forecast real estate market trends and property values.
• Gain proficiency in using software tools commonly used in real estate forecasting and appraisal such as Excel, Risk Solver and SPSS
• Critically evaluate real estate investment opportunities based on market analysis and appraisal techniques.

Learning Outcomes: By the end of the course, students will be able to:

• Describe the key principles and theories of real estate forecasting, modelling, and appraisal.
• Collect and analyze relevant data for real estate market analysis.
• Utilize statistical and econometric models to forecast real estate market trends.
• Apply valuation methods to estimate property values and assess investment feasibility.
• Evaluate and interpret the results of real estate market analyses and appraisals.
• Effectively communicate real estate forecasts and appraisal findings to stakeholders.

Course Content: The course will cover the following topics in Real Estate Forecasting, Modelling, and Appraisal:

• Introduction to Real Estate Forecasting and Appraisal – Prof. Dr. Visar Hoxha – 9:00-10:00
• Correlation and linear regression in appraisal and forecasting – Prof. Dr. Visar Hoxha 10:00-11:00
• Time Series in real estate price forecasting – Prof. Dr. Visar Hoxha -11:00-12:00
• Break -12:00-13:00
• Probability theory in real estate modelling and appraisal – Prof. Dr. Visar Hoxha 13:00-13:45
• Discrete Choice Modelling in real estate – Prof. Dr. Visar Hoxha – 13:45-14:30
• Property Valuation Methods and Techniques – Prof Dr. Visar Hoxha and M.Sc Mendim Blakaj (MDM Real Estate) -14:30-15:00
• Comparable sales method – Prof Dr. Visar Hoxha and M.Sc Mendim Blakaj (MDM Real Estate) -15:00-16:00
• Income Method (Discounted Cash Flow) – Prof Dr. Visar Hoxha and M.Sc Mendim Blakaj (MDM Real Estate) -16:00-17:00

Target groups:

• Students of High School of Social Sciences;
• Students of the Faculty of Civil Engineering;
• Students of the Faculty of Architecture; and
• Students of the Faculty of Geodesy.