Introduction
Specialising in the economic analysis of commercial and residential real estate markets using qualitative and econometric methods.
We are actively seeking PhD students to join our research community investigating real estate markets, real estate technologies, and the broader economic and environmental impacts of real estate. We also welcome applicants who have industry experience and are interested in addressing contemporary research challenges. PhD projects supported by industry funding or data can be designed to tackle specific research questions whilst ensuring academic rigour and practical relevance.
The Real Estate Department is part of the Business School and runs the Centre for Real Estate Research (CRER). Members of the group have attracted funding from the Economic and Social Research Council (ESRC), the EU, and a range of commercial and professional sponsors including the Royal Institute of Chartered Surveyors (RICS) and the Investment Property Forum (IPF). The group has industry links and publishes for instance the quarterly Aberdeen Housing Market Report.
The members of the real estate group conduct also research and research supervision with members of other groups within and outwith the Business School, for instance on the performance of investment funds and aspects of capital investments of universities (with members of the finance group of the Business School) and on GP business and location choices (with members of the health economics group of the Medical School).
Our Research
The pages of the Centre for Real Estate Research provide comprehensive information about our past and current research projects and industry collaborations. We encourage you to review our pre-defined PhD opportunities, which are projects that the University has identified as promising research areas for strong candidates. Check available PhD opportunities.
For informal inquiries, please contact the programme coordinator Dr Rainer Schulz. You may also contact potential supervisors directly to discuss research proposals. Below are our current research interests, though we remain open to innovative ideas that align with your expertise.
Research Interests
Analysis of listings platforms
Listings platforms serve as crucial intermediaries between sellers and buyers in real estate markets, yet their business models vary considerably. Some platforms restrict listings to licenced agents, whilst others permit sellers to list their properties directly. Pricing structures also differ between platforms. These variations create research opportunities for economic analysis. Additionally, these platforms generate substantial data sets that enable the investigation of estate agent marketing strategies, real estate pricing behaviour, and market trends.
Supervisors: Dr Rainer Schulz, Dr Martin Wersing
Investment behaviour and financial innovation in real estate markets
This research area examines decision-making processes in real estate investment, including spatial and temporal investment patterns, risk management strategies, and the role of financial innovation. Research questions encompass investor behaviour analysis, portfolio optimisation in real estate contexts, and the impact of new financial instruments on market dynamics. We are particularly interested in understanding how institutional and individual investors navigate market uncertainties and evaluate investment opportunities.
Supervisors: Dr Muhammed Bolomope, Prof. Norman Hutchison, Dr Nan Liu, Dr Rainer Schulz
Real estate technology
Artificial intelligence and machine learning are increasingly integrated across real estate operations. Automated valuation models now support mortgage securitisation processes and algorithmic approaches enhance credit scoring for loan applications. AI systems are also being used in property management and building operations. This research area investigates the effectiveness, limitations, and implications of these technological developments.
Supervisors: Prof. Norman Hutchison, Dr Nan Liu, Dr Rainer Schulz, Dr Martin Wersing
Sustainability in the built environment
Buildings account for a substantial proportion of global energy consumption, CO2 emissions, water usage, and waste generation. Reducing the environmental impact of the built environment requires integrating sustainability considerations throughout building lifecycles—from initial planning through to demolition. Effective implementation depends on incorporating sustainability metrics into real estate valuation methodologies and management practices. This research area addresses the challenges of developing robust frameworks for sustainable real estate investment, valuation, and management.
Supervisors: Dr Muhammed Bolomope, Prof. Norman Hutchison, Dr Nan Liu
Entry Requirements
PhD Programme
Applicants for this programme must have a good honours degree in real estate or a related subject.
In addition, applicants must provide a detailed research proposal.
APPLICANTS ARE STRONGLY ADVISED TO CONTACT POTENTIAL SUPERVISORS BEFORE MAKING AN APPLICATION.
We are open to discussing all potential projects with applicants, including the possibility of undertaking these via distance learning.
Guidelines for writing a Research Proposal.
Applicants must provide two academic references from their most recent academic institution. For further guidance on applying, please contact bs-research@abdn.ac.uk.
If English is not your first language you must also show evidence of attaining standards in English. View details of English language criteria.
International Applicants
Careers
Graduates of the research programmes have been successful in establishing careers in a wide range of industries and sectors and can be found in many leading national and international industrial and financial organisations as well as universities.
There are many opportunities at the University of Aberdeen to develop your knowledge, gain experience and build a competitive set of skills to enhance your employability. This is essential for your future career success. The Careers and Employability Service can help you to plan your career and support your choices throughout your time with us, from first to final year – and beyond.
