1. The KNOWLEDGE at the level of notion:
1.1. basics of communication;
1.2. project development and presentation;
1.3. real estate architectural evaluation.
2. The KNOWLEDGE at the level of understanding:
2.1. international economics of a real estate;
2.2. ecologically oriented management in the real estate market;
2.3. European law;
2.4. mathematics;
2.5. statistics;
2.6. basics of construction and construction products;
2.7. evaluation of building design and utilities to carry out economic calculations;
2.8. property topographic survey;
2.9. detailed planning and territorial development strategies;
2.10. professional terminology in the official language and at least two foreign languages.
3. The KNOWLEDGE at the level of use:
3.1. laws and regulations of the real estate sector;
3.2. economic and labour law;
3.3. legal basics of immovable and movable property;
3.4. the role of real estate in national economy;
3.5. real estate economics;
3.6. investment in real estate;
3.7. property and taxes;
3.8. accounting and property records;
3.9. auditing in construction;
3.10. cost estimation of management and maintenance work;
3.11. cost estimation of construction work;
3.10. cost estimation of utilities installation;
3.13. financial aspects of real estate management;
3.14. rates, estimates of utilities and construction;
3.15. pricing in construction;
3.16. cadastre and property cadastral evaluation;
3.17. business planning and real estate;
3.18. real estate marketing and management;
3.19. psychology in real estate transactions;
3.20. technical condition assessment of buildings, structures and utilities;
3.21. legal employment relationship;
3.22. labour protection;
3.23. environmental protection;
3.24. management science;
3.25. principles of professional and general ethics and business etiquette;
3.26. information technologies;
3.27. official language;
3.28. at least two foreign languages at the communication level.

1. To be aware of and understand general and specific development trends in real estate management.
2. To have good knowledge and understanding of factors influencing a real estate’s value.
3. To understand the causes of processes taking place in the real estate market and assess potential consequences.
4. To know management techniques.
5. To understand the impact of regulatory enactments on the macroeconomic processes and the real estate market.
6. To understand the short and long-term impact of real estate transactions on the environment.
7. To consider the various social and political processes and predict impact thereof on economic activities in the real estate sector.
8. To know and understand accounting operations and financial transactions.
9. To understand the operation of the financial sector, banking and investment funds.
10. To have a good knowledge of the state’s fiscal and monetary policy.
11. To analyse any problems, understand causes thereof and formulate a company’s objectives in the field of property management.
12. To use logical approaches, analyses and syntheses, induction and deduction, quantitative and qualitative, as well as other methods to solve problems identified with respect to increasing a real estate’s value.
13. To utilize psychological, economic and other methods of management.
14. To utilize strategic and tactical planning methods.
15. Utilizing methods of management, to ensure effective communication and interaction with customers.
16. To utilize methods of determining investment project efficiency.
17. To develop and present investment projects in the field of real estate.
18. To utilize a variety of real estate valuation techniques and improvement methods.
19. To observe and comply with basic principles of professional and general ethics when conducting transactions in the field of real estate.
20. To utilize modern information technologies in one’s activity.
21. To collect information for optimal management decision-making.
22. To assess the internal and external environment of real estate management.
23. To analyse processes and synthesize measures for the execution of real estate management operations.
24. To utilize economic activity analysis methods in the field of real estate.
25. To identify and use alternative solutions for the use of real estate.
26. To implement regularities of real estate economics in decision-making.
27. To utilize a variety of management quantitative techniques in decision-making.
28. To utilize forecasting methods and results thereof in accordance with a company’s goals and objectives.
29. To assess the impact of risk on a company’s operations.
30. To utilize real estate improvement methods in order to increase value thereof.
31. To comply with labour safety, fire safety and environmental protection requirements.
32. To use professional terminology in the official language and at least one foreign language.
33. To know the official language.
34. To know at least two foreign languages at the communication level.
35. To observe the standards of the legal employment relationship.

1. Ability to responsibly and independently carry out the duties of a real estate economist.
2. Ability to analyse and evaluate the situation in the real estate development and real estate market, constantly analyse and evaluate the state’s monetary and fiscal policy, its impact on a company’s activities in the field of real estate.
3. Ability to define tasks for achieving the objectives of a company operating in the real estate market, analyse the economic processes the company should be involved in to achieve the set objectives.
4. Ability to perform calculations of the costs of the measures to be implemented, necessary investments and labour consumption.
5. Ability to analyse and evaluate the potential development of different types of real estate with respect to changing internal and external factors.
6. Ability to conduct and asses a feasibility study of an investment project, draw up cost estimates of construction and management activities.
7. Ability to identify potential threats and find appropriate means to minimize risks when implementing an investment project.
8. Ability to establish flow of information necessary to assess the interaction of various socio-economic processes, and analyse and determine the potential impact of external factors on the development of the real estate market.
9. Ability to select the most effective investment projects in the field of construction and real estate in accordance with established forecasts for construction and real estate market trends, assessment results, economic calculations of management and operation in different types of property.
10. Ability to utilize the positive development trends of the construction and real estate market to achieve a company’s strategic and tactical goals.
11. Ability to conduct analysis of business activities in individual departments and in a company as a whole and develop proposals for the management’s decisions on more efficient use of resources.
12. Ability to carry out calculations of necessary resources, assess quantitative and qualitative compliance thereof with the operational goals and objectives, determine the optimal combination of resources, taking into account the most effective methods of work organization and the latest technology.
13. Ability to analyse and assess information necessary for the valuation of real estate according to the customer’s instructions.
14. Ability to analyse and assess the demand and supply of different types of real estate according to the interests of the customer and the company, predict potential price fluctuations of different types of real estate with respect to the intensity of the changes in the supply and demand.
15. Ability to comply with the requirements of the labour protection and fire laws and regulations and ensure the implementation thereof.
16. Ability to observe the requirements of the the environmental protection laws and regulations.
17. Ability to prepare a real estate development plan, identify resources necessary for the implementation of development measures, provide property improvement in accordance with the plan and technical documentation.
18. Ability to observe the standards of the legal employment relationship.
19. Ability to utilize information technologies within one’s activities.
20. Ability to communicate in the official language and at least two foreign languages.