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Last modified: 31 Jul 2023 11:19

Course Overview

The course covers two key aspects of real estate, namely development and international investment.  While development is an intrinsically local activity, the drivers of demand to occupy and invest in real estate are increasingly global.  Thus, the course first deals with the process of development and then provides the context of globalisation of economies and real estate markets, which underlies the demand for real estate occupation and investment.  The course involves a UK field trip.

Course Details

Study Type Undergraduate Level 3
Session Second Sub Session Credit Points 30 credits (15 ECTS credits)
Campus Aberdeen Sustained Study No

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Course Description

The first part of the course adopts a project-based approach and uses a case study site to consider: the development and construction processes, including legal,  physical and ownership constraints; the planning, conservation and sustainability contexts; assessing demand, market trends and marketing; the financing of development; and appraisal techniques for acquisition, sale or valuation, including sensitivity analysis.  Students will be introduced to the appropriate sources of information and data.  They will produce, in groups, proposals for the development of a site.  This covers professional competences assessed by the Royal Institution for Chartered Surveyors (RICS) in commercial real estate. This second part of the course covers the economic globalisation and the consequences for real estate markets.  It considers: globalisation of trade and capital flows; globalisation of real estate demand; portfolio financial analysis; international real estate markets; and equity and debt investment vehicles.  The theme is the linkages among economies, financial markets and real estate investment, and the consequences.  It also considers issues of market maturity and transparency, and compares the institutional contexts in a variety of national markets.  The course encourages students to develop numeracy and problem solving skills and good group working practices.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

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Formative Assessment

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Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
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