Introduction

The MSc Real Estate (International Option) benefits from strong links with the economics, finance and management disciplines, and offers a particular focus and strength on commercial property valuation and investment and the study of international real estate markets.

This programme is studied on campus.

This is a vocational Masters open to students from any discipline looking to kick start a career in the chartered surveying or real estate profession. Fully accredited by the Royal Institution of Chartered Surveyors (RICS), this 12 month, full-time ’conversion’ degree has been running for over 20 years and has established a strong reputation among employers with many past graduates employed in senior positions in the profession.

Our Business School Real Estate Group is internationally recognised for research excellence in this specialist field – and gives our students the great advantage of accessing a wealth of powerful data. The International Real Estate module includes a week-long European field trip, while students on the international pathway can visit five cities in Asia as part of the Asian Cities module. Many of our staff are engaged in active research ensuring that the course content remains at the forefront of current thinking. So you can be confident that you're investing in a learning experience widely recognised as being at the cutting edge and learning from teaching staff who are seen as global leaders in the field.

Key Programme Information

At a Glance

Learning Mode
On Campus Learning
Degree Qualification
MSc
Duration
12 months
Study Mode
Full Time
Start Month
September

What You'll Study

Semester 1

Semester 1

Compulsory Courses



Real Estate Research (BU5030) - 15 Credit Points

This course provides an introduction to academic and industry real estate research and includes interpretation and discussion of contemporary real estate research issues. The course includes the design and implementation of a research project: topic choice, methodology and method, bibliographical tools and literature review, qualitative and quantitative research techniques and ethical issues.

View detailed information about this course

Property Law & Institutions (BU5032) - 15 Credit Points

This module aims to examine the legal and professional environment of property. The module introduces key concepts from property law to explain the framework within which property can be held, used and traded. Planning law and policy is considered as part of the regulatory system through which land use and development are promoted and/or controlled.

The course focuses on Scots law and institutions but students have the opportunity, where appropriate, to bring draw upon their own comparative perspectives.

This course covers the legal basis of land tenure; land registration; property ownership; landlord and tenant relationships; obligations and restrictions, and planning.

View detailed information about this course

Valuation and Finance (BU5035) - 15 Credit Points

The course introduces the mathematics of valuation and investment and considers the principles underlying basic valuation and investment formulae. The distinguishing characteristics of the bond, equity and property market are critiqued. The five property valuation methods are discussed via a series of lectures supplemented by tutorials/workshops in which valuation problem-solving tasks are discussed, with an emphasis on the investment method of valuation. While the focus is on real estate, the course seeks to raise awareness of the range of investment opportunities. The course seeks to develop good numeracy and analytical skills.

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Real Estate Economics (BU5036) - 15 Credit Points

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

View detailed information about this course

Semester 2

Semester 2

Compulsory Courses

International Real Estate (BU5524) - 15 Credit Points

This course provides an in-depth examination of real estate markets in Europe, North America, the Asia-Pacific and the transitional/developing world. The course begins with an introduction to trade theory and foreign investment before focusing on specific real estate markets and analysing institutional differences between them and how these differences impact risk, costs and return on investment. The course includes in-depth field study in Europe in which students examine a specific real estate market and create an investment strategy designed specifically to the target market.

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Advanced Valuation and Development (BU5525) - 15 Credit Points

This course applies the principles of valuation to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation. Students are encouraged to critique traditional approaches to valuation and to consider contemporary alternatives. Numeracy and analytical skills are further developed along with expertise in the use of Excel. In addition, the course also covers professional surveying practice, including ethics, and stimulates discussion on contemporary issues and debates in the real estate industry.

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Strategic Marketing (BU5553) - 15 Credit Points

The course aims to provide participants with a critical understanding of the nature and articulation of the marketing function within modern organisations, and an appreciation of the relative contribution of specific marketing tools to the development of a market orientation.

On completion of the course students will be able to:

1. Critique the key principles and concepts of marketing.

2. Evaluate the role of marketing to modern organisations in private and public sectors.

3. Understand the integration of the marketing function with other organisational functions.

4. Assess the role of identified marketing techniques

View detailed information about this course

Real Estate Finance (BU5563) - 15 Credit Points

The course introduces students to concepts of portfolio management and recent developments regarding real estate investment vehicles. The course takes a financial economics viewpoint and places real estate investments within this context. The course covers such important aspects as securitization of initially illiquid real estate assets, the management of building portfolios and the use of index swap contracts for risk management purposes. The course discusses also real option theory and applies it to land development and the pricing of lease contracts.

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Semester 3

Semester 3

Compulsory Courses

BU5951/5952/5953/5954 Asian Cities Tour

or

BU5955 Real Estate Dissertation

Asian Cities - Hong Kong (BU5951) - 15 Credit Points

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

View detailed information about this course

Asian Cities - Seoul / Tokyo (BU5952) - 15 Credit Points

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

View detailed information about this course

Asian Cities - Singapore (BU5953) - 15 Credit Points

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

View detailed information about this course

Asian Cities - Shanghai / Beijing (BU5954) - 15 Credit Points

This is one of four courses that comprise the Asian Cities module. Students travel to six Asian cities (Hong Kong, Singapore, Shanghai, Beijing, Seoul and Tokyo) over approximately thirty days in July. This intense program involves daily meetings and seminars with key real estate investment and development professionals. Participants will complete four case studies based on current development projects and investment scenarios in four of six cities visited. This program follows a rigorous schedule with students engaged in site visits, lectures, discussions and seminars for upwards of 8 hours a day, 5 days a week over the month long course.

View detailed information about this course

Optional Courses

Real Estate Dissertation (BU5955) - 60 Credit Points

The dissertation is an independent piece of work. The choice of topic is largely your own but approval must be obtained from the course coordinator and your dissertation supervisor. The dissertation should contain a large degree of original work and allow you to demonstrate in depth the skills and knowledge you have acquired on the MSc. The dissertation should be around 15000 words in length. You will be expected to show competence for independent work and to demonstrate a clear definition of the problem or subject area to be studied and the formulation and expression of a logical, workable solution.

View detailed information about this course

Course Availability

We will endeavour to make all course options available; however, these may be subject to timetabling and other constraints. Please see our InfoHub pages for further information.

How You'll Study

An average cohort size of 15 to 25 students ensures an interactive, friendly learning environment
You can choose from a commercial UK-focused real estate pathway or an international pathway focused on real estate from a global perspective. Field trips to European and Asian cities (for the international pathway students) provide insights from key players in the international real estate business. Beyond the fieldwork, learning involves a mix of lectures, seminars, tutorials and research. Assessment is by course work, by written examination, or by a combination of both.

Learning Methods

  • Field Trips
  • Field Work
  • Lectures
  • Research
  • Seminars
  • Tutorials

Assessment Methods

Assessment: By course work, by written examination or by a combination of those, as prescribed for each course. The degree of MSc(Econ) shall not be awarded to a candidate who fails to achieve CGS D3 in the relevant dissertation course, irrespective of their performance in other courses.

Why Study Real Estate (International Option)?

This Master's degree is underpinned by the University’s world-renowned strengths in valuation, property investment, economics and finance. Combining academic rigour with the professional edge, the degree has become highly regarded by employers throughout the world. You will:

• acquire considerable quantitative skills in economics, finance and business
• understand the institutional, legal and policy environment of real estate
• learn about property management, investment and development
• gain analysis and problem-solving skills in a strategic business context
• network with employers from a range of national and multi-national companies

Entry Requirements

Qualifications

The information below is provided as a guide only and does not guarantee entry to the University of Aberdeen.

This programme is open to graduates from any discipline, and does not require business or management study to be completed at undergraduate level.

Our minimum entry requirement for this programme is a degree at 2:2 (lower second class) UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth).

Please enter your country to view country-specific entry requirements.

English Language Requirements

To study for a Postgraduate Taught degree at the University of Aberdeen it is essential that you can speak, understand, read, and write English fluently. The minimum requirements for this degree are as follows:

IELTS Academic:

OVERALL - 6.5 with: Listening - 5.5; Reading - 6.0; Speaking - 5.5; Writing - 6.0

TOEFL iBT:

OVERALL - 90 with: Listening - 17; Reading - 21; Speaking - 20; Writing - 21

PTE Academic:

OVERALL - 62 with: Listening - 51; Reading - 54; Speaking - 51; Writing - 54

Cambridge English Advanced & Proficiency:

OVERALL - 176 with: Listening - 162; Reading - 169; Speaking - 162; Writing - 169

Read more about specific English Language requirements here.

Document Requirements

You will be required to supply the following documentation with your application as proof you meet the entry requirements of this degree programme. If you have not yet completed your current programme of study, then you can still apply and you can provide your Degree Certificate at a later date.

Degree Certificate
a degree certificate showing your qualifications
Degree Transcript
a full transcript showing all the subjects you studied and the marks you have achieved in your degree(s) (original & official English translation)

Fees and Funding

Students going on the 5 city Asian tour will be expected to fund the trip. The approximate cost is £5000.

Fee information
Fee category Cost
Home / EU / RUK Students £8,300
Tuition Fees for 2019/20 Academic Year
International Students £17,900
Tuition Fees for 2018/19 Academic Year

Additional Fees

  • In exceptional circumstances there may be additional fees associated with specialist courses, for example field trips. Any additional fees for a course can be found in our Catalogue of Courses.
  • For more information about tuition fees for this programme, including payment plans and our refund policy, please visit our InfoHub Tuition Fees page.

Funding Opportunities

The SFC Postgraduate tuition fee scholarship may be available for those classified as Home/EU fee status students for this programme. Visit the scholarship page for more information.

Our Funding Database

View all funding options in our Funding Database.

Careers

Our graduates achieve notable employment success with many enjoying lucrative careers spanning surveying, investment, property valuation, planning and development, and property management. Indeed from Edinburgh and London to Frankfurt and Shanghai, our former students are now forging strong, rewarding careers with major surveying firms across the globe.

Industry Links

Our business connections mean we provide opportunities to network with, present to, brainstorm with and do work for industry, including;

  • the chance to have your work seen by eminent members of your profession
  • work and network with employers from a range of national and multi-national companies through our visiting speaker programme
  • ‘live’ projects for and site visits to prestigious companies or institutions
  • project work and workshops with visiting lecturers and industry specialists

Accreditation

Accreditation and world-wide recognition from the Royal Institution of Chartered Surveyors (RICS) allows graduates to proceed to the RICS Assessment of Professional Competence (APC).

This degree holds accreditation from

What our Alumni Say

Ike Ibekwe

Ike Ibekwe

Ike Ibekwe

Graduated 2017

Studying MSc, Real Estate in Aberdeen provided an excellent learning opportunity to travel to a European city and consult with local real estate experts while making first-hand assessments of locations, property types and urban environments.

Our Experts

Programme Leader
Nan Liu

Information About Staff Changes

You will be taught by a range of experts including professors, lecturers, teaching fellows and postgraduate tutors. Staff changes will occur from time to time; please see our InfoHub pages for further information.

Facilities

  • 24 hour access to our online Learning Support provided via our Virtual Learning environment MyAberdeen
  • Membership of the University Library, learning materials including access to core text books
  • Access to international networking and continuing professional development
  • Join our business societies such as the Entrepreneurial Society
  • Access to all campus facilities
Image for Sir Duncan Rice Library
Sir Duncan Rice Library

Sir Duncan Rice Library

The University’s award winning Sir Duncan Rice Library is listed in the “Top 20 spellbinding University libraries in the World”. It contains over a million volumes, more than 300,000 e-books and 21,000 journals.

Find out more

Get in Touch

Contact Details

Address
Business School
University of Aberdeen
Edward Wright Building
Dunbar Street
Aberdeen
AB24 3QY