Undergraduate Catalogue of Courses 2013/2014
PROPERTY
PLEASE NOTE: Resit: (for Honours students only): Candidates achieving a CAS mark of 6-8 may be awarded compensatory level 1 credit. Candidates achieving a CAS mark of less than 6 will be required to submit themselves for re-assessment and should contact the Course Co-ordinator for further details.
Course Co-ordinator: Dr P Tiwari
Pre-requisite(s): PO 3002 or PO 4002 or equivalent.
Note(s): Available only to students in Programme Year 4.
This course will cover rent modelling and forecasting, inflation hedging capabilities of direct and indirect property, price discovery between securitised and unsecuritised property, property finance of residential and income generating property, financing of property development, and amortization.
1 two-hour lecture and per week and 1 two-hour workshop per fortnight.
1st Attempt: 1 two-hour written examination (60%) and in-course assessment comprising two pieces of coursework (20% each).
Resit: 1 two-hour written examination (100%).
Course Co-ordinator: Dr S Devaney
Pre-requisite(s): PO2505. Only available to students in programme year 4.
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 2000 words each (20% per coursework) and 1 two-hour written examination (60%)
Resit: None
Formative Assessment and Feedback Information
This will take place through tutorial discussions and practical computer exercises.
Students will receive individual written feedback on their written coursework.
They will also receive model answers to numerical tutorial/computer exercises as well as verbal feedback in the course of tutorial discussions.