Last modified: 16 Nov 2016 17:59
This course aims to provide an overview of basic economic models and recent developments regarding the working of real estate markets and urban land markets. The course is intended to enable students
i) To examine real estate as a set of linked markets, functionally divided between use, investment and development
ii) To understand the dynamics of specific types of real estate markets and appreciate real estate market modelling approaches
iii) To understand the location patterns of land use within urban areas and regional development
iv) To understand the role that regulations and planning play in real estate markets
|Session||First Sub Session||Credit Points||15 credits (7.5 ECTS credits)|
Introduction to economics; Real estate as a set of linked markets (use, investment and development); real estate and the macro economy; agglomeration economies and urban location theory; Institutional and regulatory environment of real estate; Analysis of real estate sectors (office, retail, industrial, residential).
This is the total time spent in lectures, tutorials and other class teaching.
1 two hour written examination (75%); continuous assessment (25%) consisting of one 1500 word assignment.
Resit: 100% on 2 x hour written examination.