BSc in Real Estate Valuation and Development

The Bachelor in Real Estate Valuation and Development is the first and only undergraduate programme offered in the field of real estate in Cyprus and Greece. The curriculum covers all major aspects of real estate and the programme is recognized by the Cyprus Technical and Scientific Camber (ETEK). Graduates of the programme are able to register as licensed valuators with ETEK and fulfil one of the requirements for applying for a real estate agent license.

Recognized by the Cyprus Technical and Scientific Camber (ETEK)

The programme is recognized by the Cyprus Technical and Scientific Camber (ETEK)

PROGRAMME INFORMATION

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4 YEARS

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240 ECTS

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ENGLISH OR GREEK

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FULL TIME

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AWARDED BY NEAPOLIS UNIVERSITY

OBJECTIVE OF THE BACHELOR (BSc) IN REAL ESTATE VALUATION AND DEVELOPMENT

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 have 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.
Petros 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 Valuation and Development gives students the opportunity to enter this unique area of real estate that provides excellent working conditions and a favourable remuneration.”
Thomas Demopoulos MRICS Lecturer in Real Estate

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.

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.

PROGRAMME STRUCTURE

SEMESTER 1

CodeCourse titleCourse typeECTS
ECON101Principles of MicroeconomicsCompulsory6
FINA100Principles of Finance Compulsory6
MATH103 Introduction to Mathematics Compulsory6
REAL100 Principles of Real Estate Compulsory6
CONS101Construction Technology ICompulsory6

SEMESTER 2

CodeCourse titleCourse typeECTS
ECON102Principles of MacroeconomicsCompulsory6
ACCN101Principles of Financial Accounting Compulsory6
STAT103Statistics I Compulsory6
BUSN210   Digital Economy Compulsory6
ARCHBT102 Building Technology 2: Components, Materials and Methods of Construction Compulsory6

SEMESTER 3

CodeCourse titleCourse typeECTS
REAL202Land Planning& Environmental Design Compulsory6
REAL201 Real Estate Law Compulsory6
ECON202 Managerial Economics Compulsory6
REAL200 Urban and Regional Economics Compulsory6
BUSN100 Introduction to Business Compulsory6

SEMESTER 4

CodeCourse titleCourse typeECTS
BUSN104 Principles of Marketing Compulsory6
STAT203 Statistics II Compulsory6
REAL302 Theory and Practice of Real Estate Valuation Compulsory6
REAL300 Real Estate Economics Compulsory6
CONS405 Project Scheduling & Control Compulsory6

SEMESTER 5

CodeCourse titleCourse typeECTS
BUSN203/FINA200 Financial Theory Compulsory6
CONS302 Construction Economics Compulsory6
REAL304 Residential Property Analysis and Valuation Compulsory9
REAL306 Statutory Valuations Compulsory6
ARCH BT204 Building Technology 4: Building Services Compulsory3

SEMESTER 6

CodeCourse titleCourse typeECTS
CONS201Building PathologyCompulsory6
REAL303 GIS Principles and Applications in Real EstateCompulsory6
FINA301Corporate FinanceCompulsory6
REAL305Income Property Analysis and ValuationCompulsory9
ENGR140 Computer Aided Design Compulsory3

SEMESTER 7

CodeCourse titleCourse typeECTS
REAL400Real Estate DevelopmentCompulsory6
REAL401 Real Estate Investment: International and DomesticCompulsory6
REAL402Facilities/Property ManagementCompulsory6
REAL404 Sustainability and Environmental Issues in Real Estate DevelopmentCompulsory6
REAS401DissertationCompulsory6

SEMESTER 8

CodeCourse titleCourse typeECTS
REAL403Real Estate Development PracticeCompulsory6
BUSN412Research MethodsCompulsory6
CONS406Construction ManagementCompulsory6
CONS406 Ethics and Professional Practice for Real Estate Electives6
REAL445 Practical Training Electives6
PEPS401DissertationCompulsory6

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.

DISCLAIMER

The University reserves its right to define the electives offered on an academic year basis.

APPLY FOR THIS PROGRAMME

Register your interest and one of our admissions consultants will contact you with guidance and additional information.

FACULTY & STAFF OF THE PROGRAMME

Petros Sivitanides

Associate Professor in Real Estate

Head of the Department of Real Estate

Coordinator of the MSc in Real Estate

Petros Sivitanides holds a Ph.D. from Massachusetts Institute of Technology in Real Estate Economics and a Master in City Planning from Georgia Institute of Technology in the United States.

John Bellos

Associate Professor of Structural Design and Construction Technology

Head of the Department of Engineering

Coordinator of the BSc in Civil Engineering

Dr. John Bellos is an Associate Professor of Structural Design and Construction Technology at Neapolis University Pafos (since 2018), Coordinator of the Civil Engineering Programme (since 2017) and Head of the Department of Civil Engineering (since 2018).....

Christos Christodoulou-Volos

Associate Professor of Economics and Finance

Head of the Department of Economics and Business

Dr. Christos N. Christodoulou-Volos is an Associate Professor of Economics and Finance and the Head of the Department of Economics and Business...

Andreas Hadjixenophontos

Associate Professor in Accounting and Finance

Head of the Department of Accounting and Finance

Coordinator of the BSc Accounting, Banking and Finance and MSc Accounting and Finance

Dr. Andreas Hadjixenophontos is an Associate Professor in Accounting and Finance. He graduated in 1985 from the Department of Accounting and Finance of the London School of Economics...

Christos Papademetriou

Assistant Professor in Management - Human Resources Management

Coordinator of the Distance Master in Business Administration (DMBA)

Christos Papademetriou holds a doctorate (PhD) in Social Science from the University of Leicester, UK. The title of his thesis is “Investigating the Impact of Sequential Cross-Cultural Training on the Level of Sociocultural and Psychological Adjustment of Expatriate Mangers”...

Michailina Siakalli

Lecturer in Statistics

Coordinator for Internship, Student Affairs

Dr Michailina Siakalli was awarded a scholarship from the University of Sheffield and in 2008 she obtained her Ph.D. from the University of Sheffield (UK) in the field of Stochastic Differential Equations driven by Lévy Process...

Andreas Masouras

Assistant Professor in Communication and Marketing

Coordinator of the BSc Business Administration & Bachelor in Digital Business

Dr Andreas Masouras is Assistant Professor at Neapolis University in the fields of Marketing and Communication. He holds a PhD (Honors) from the Department of Political Science and International Relations of the University of the Peloponnese...

Thomas Dimopoulos

Lecturer in Real Estate

Coordinator of the BSc in Real Estate Valuation and Development

Thomas Dimopoulos holds a PhD from the Department of Civil Engineering & Geomatics of Cyprus University of Technology, an M.Eng. in Rural and Surveying Engineering, and a MSc in Real Estate from Oxford Brookes University.
Stelios Sofocli

Stelios Sofocli

Visiting Lecturer

Dr. Stelios Sofokli completed his undergraduate Civil Engineering studies in 1974 and a M.Sc. equivalent degree from Hochschule für Architektur und Bauwesen University, Weimar, now Bauhaus University Weimar. In 1982 he acquired a Ph. D. degree for his research work in the field of road construction...
Andreas Symeou

Andreas Symeou

Visiting Lecturer

Studies in Higher Education: LLB  from the University of London, MSc in property valuations from the University of
Graduates of the programme have a competitive advantage in pursuing employment opportunities in any company or organization that is active in the real estate sector in Cyprus or abroad.

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