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BSc in Real Estate Valuation and Development

Programme Description

The Bachelor in Real Estate Valuation and Development is the first and also the only undergraduate programme in the field of real estate in Cyprus and Greece. The curriculum combines academic knowledge with practical experience in order to provide students with the required theoretical knowledge and skills for a successful career. The aim of the programme in Real Estate Valuation and Development is to create highly qualified professionals who will be able to play a leading role in the Real Estate industry, one of the most important sectors of the economy not only in Cyprus but also across the globe.  Upon completion of the programme in Real Estate Valuation and Development, graduates will have acquired:

  • Excellent knowledge of both the traditional and modern valuation methods. Each method is examined from both the theoretical and the practical perspective as it relates to the Cyprus real estate market.  Students become also very well acquainted with International Valuation Standards (with emphasis on the Standards developed by the Royal Institute of Chartered Surveyors and how they apply to the local market)
  • Comprehensive knowledge of the theoretical framework and methods that are used internationally for analysing scientifically local and national real estate markets, real estate portfolios and individual real estate investments
  • Full understanding of the legal framework and particular laws that apply to real estate ownership and transactions in Cyprus
  • The basic technical knowledge for estimating the cost, evaluating,  operating and managing a real estate development
  • All those analytical skills and critical thinking that are necessary qualifications for professional advancement
  • Knowledge and appreciation of the rules for professional conduct and sensitivity to the needs of society

The real estate sector is one of the key sectors of the economy not only in Cyprus but also internationally. Economic globalization and the increasing volatility of the local and international economic environment require the use of human resources that has specialized training in this multifaceted field. The Programme in Real Estate Valuation and Development at the Neapolis University offers excellent training in all aspects of the real estate sector and allows the graduates of the programme to pursue career opportunities in a wide range of companies and public organizations.
Petor Sivitanides Real Estate Programme Coordinator.

“Regardless of the economic situation the real estate sector is at the heart of the buying and investment interest and according to many experts, the real estate development is the key pillar for the exit from the current recession. The Programme in Real Estate Development and Assessment gives you the opportunity to enter this unique area of real estate and guarantees excellent working conditions and a favourable remuneration.”
Thomas Demopoulos MRICS Lecturer in Real Estate

The Bachelor  in Real Estate Valuation and Development comprises 240 credits, which are offered in eight semesters.

First year
The first year curriculum includes introductory courses in various disciplines directly related to Real Estate, such as Economics, Finance, Accounting, Construction, Mathematics and Statistics.

Second year
The second year of study includes some additional introductory courses in Statistics, Finance and Business Administration, as well as some other courses that are directly related to the property market, such as Land Development Planning, Real Estate Law, Urban and Regional Economics, Real Estate Economics, and Introduction to the Theory and Practice of Valuation.

Third year
The courses in the third year focus on various aspects of property valuation, such as Residential Property Valuation, Commercial Property Valuation, Statutory Valuations, Building Pathology and Construction Economics.

Fourth year
In the fourth year, students study the various aspects and stages of the land development process, including investment, environmental and management aspects, both during the construction of the project and after its completion. In addition, students must complete a dissertation, which gives them the opportunity to develop their research skills and carry out an in-depth study of a topic of their choice.

Professional Certification

The programme in Real Estate Valuation and Development is approved by the Cyprus Technical Chamber and provides full professional certification in the field of Real Estate Valuation. The graduates are also entitled to take the exam organised by the Cyprus Real Estate Agents Registration Council (after acquiring the minimum practical experience required by the Council) in order to become licensed real estate agents.

Career Prospects

Besides being able to work in the valuation profession, the graduates of the Bachelor  in Real Estate Valuation and Development will have all the required qualifications to pursue positions in a wide range of companies that are active in the Real Estate sector such as real estate agencies, real estate development companies, business consultancy firms, investment advisory companies, property management companies, banks (in real estate financing departments) and many other similar organizations. They will be also able to pursue positions in the public sector and particularly in the land registry, public works departments, city planning departments and local government offices.

Duration of studies

The programme in Real Estate Valuation and Development lasts four years. Courses are taught in Greek and English

The Course Structure of the Bachelor in Real Estate Valuation and Development is as following

CodeCourse TitleECTS

Year: 1 Semester: 1

ECON101Principles of Microeconomics6.0
PEPS101Computer Skills 3.0
PEPS100Language & Communication 3.0
MATH100Mathematical Methods 6.0
REAL100 Principles of Real Estate 6.0
CONS101Construction Technology I 6.0
30.0

Year: 1 Semester: 2

ECON102Principles of Macroeconomics 6.0
ACCN100Financial Accounting 6.0
STAT100Introduction to Statistics 6.0
PEPS100 Language & Communication 3.0
CONS103Construction Graphics & CAD 3.0
CONS102Construction Technology II 6.0
30.0

Year: 2 Semester: 3

REAL202Land Planning& Environmental Design 6.0
BUSN202Managerial Economics 6.0
STAT200Statistics6.0
REAL200 Urban and Regional Economics 6.0
BUSN100 Introduction to Business 6.0 6.0
30.0

Year: 2 Semester: 4

BUSN204Principles of Marketing 6.0
REAL302 Theory and Practice of Real Estate Valuation 6.0
REAL201Real Estate Law 6.0
REAL300 Real Estate Economics 6.0
FINA100 Principles of Finance 6.0
30.0

Year: 3 Semester: 5

ACCN201Management Accounting 6.0
FINA200Financial Theory 6.0
FINA301 Corporate Finance 6.0
REAL304Residential Property Analysis and Valuation 6.0
ARCHT03Reinforced Concrete Structures 3.0
ARCHT06 Building Services 3.0

Year: 3 Semester: 6

CONS201Building Pathology 6.0
CONS302Construction Economics 6.0
REAL301Real Estate Finance 6.0
REAL305Income Property Analysis and Valuation 6.0
REAL306Statutory Valuations 6.0
30.0

Year: 4 Semester: 7

REAL400Real Estate Development 6.0
REAL401Real Estate Investment: International and Domestic 6.0
REAL402Facilities/Property Management 6.0
REAL404Sustainability and Environmental
Issues in Real Estate Development
6.0
REAS400Dissertation Seminar 0.0
REAS401Dissertation 6.0
30.0

Year: 4 Semester: 8

REAL403 Real Estate Development Practice 6.0
CONS405 Project Scheduling & Control 6.0
CONS406Construction Management 6.0
Electives 6.0
PEPS401 Dissertation 6.0
30.0
240.0

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