Course Co-ordinator: Dr S Devaney

Pre-requisite(s): PO 2505. Only available to students in Programme Year 4.

Note(s): This course will be available in alternate years in 2013/14.

This course focuses on the valuation and financing of property development schemes. It begins by setting this activity in context through consideration of the economic motives for development and the occurrence of development cycles. It then reviews specific techniques for calculating the financial value and viability of development projects, such as the residual method, scenario and sensitivity analysis, and more sophisticated simulation approaches. Other issues that are considered include sources of funding, market forecasting and the involvement of public agencies in property development.

1 two-hour lecture per week, 1 one-hour tutorial per week (maximum of 7) and 1 one-hour computer workshop per week (maximum of 7).

1st Attempt: Two pieces of written coursework, consisting of 2,000 words each (20% per coursework) and 1 two-hour written examination (60%).

Resit: None.