Introduction

Real Estate at Aberdeen examines real estate markets from the perspectives of economics, investment and business, at Scotland's top centre - second in the UK - for real estate teaching and research. Professionally accredited programmes prepare you for a career in surveying, with a focus on commercial real estate, investment, management, valuation and development.

This programme is studied on campus.

Real Estate at Aberdeen has a strong focus on the creation and management of value in property from the perspectives of economics, finance, investment and business. You will benefit from studying this subject in the wider context of local, national and international property markets and economies as well as national and international capital markets.

Our Real Estate courses offer an exciting range of choice and flexibility in the vibrant community of 45 nationalities in our Business School, small classes and courses focused on employability, and taught by financial experts and researchers specialising in property investment and property market analysis.

Both Single and Joint Honours Real Estate programmes are accredited by the Royal Institution of Chartered Surveyors (RICS), and allow you to progress to the RICS Assessment of Professional Competence (APC) following work experience.

You will enjoy a wide range of potential employers, including major firms of property consultants, real estate departments of financial institutions, property investment or development companies, specialist research companies, or research departments of large organisations. Companies our students have gone on to work for include Strutt & Parker, Savills, Knight Frank, Colliers International, Cushman & Wakefield.

You will enjoy a special, warm welcome at the University of Aberdeen, benefit from excellent teaching, research with international impact and a truly global experience. You will love our beautiful campus, great facilities for learning, sports and leisure, and the many opportunities to add the skills and attributes to give you a competitive advantage in the career path you choose, and wide horizons from study abroad.

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Key Programme Information

At a Glance

Learning Mode
On Campus Learning
Degree Qualification
MA
Duration
48 months
Study Mode
Full Time
Start Month
September
UCAS Code
K437

What You'll Study

Real Estate at Aberdeen offers a range of courses that will equip you with the knowledge and skills required to pursue a variety of careers in related fields. Some of the topics you will study throughout the programme include the principles of investment and finance, Land and Property Economics, Property Valuation, Land and Property Law, Applied Valuation, Real Estate Portfolio Investment and Research Methods for Business.

Year 1

Year 1

Compulsory Courses

The Economics of Business and Society (EC1006) - 15 Credit Points

This course is an introductory course in microeconomics where we study the decision making of individual actors (consumers, employees, firms, governments, etc.) in an economy. Actors must make decisions about behaviours because they face scarce resources, but often they find that trading with other actors in markets can increase the wellbeing of all parties. This course models and examines the nature of these interactions, highlighting when they work well and when they fail to increase wellbeing and what might be the solution to these failures.

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Finance, Risk and Investment (PO1002) - 15 Credit Points

This foundation course in finance, risk and investment is the requisite for several degree programmes and for level 2 real estate and finance courses. The module considers the nature and operation of investment markets, focusing on three asset classes; shares, bonds and real estate. It looks at the characteristics of these investment options in terms of their risks and returns. The module introduces basic financial mathematics: time value of money, calculation of present values and investment rates of return. Finally, it considers the role of financial institutions and regulatory bodies in personal finance, where consumers and financial markets interact.

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The Global Economy (EC1506) - 15 Credit Points

This course is an introductory course in macroeconomics where we study the behaviour of the economy as a whole. Whereas microeconomics focuses on individual markets, macroeconomics addresses the “big issues” such as unemployment, inflation, economic growth, and financial crises. Macroeconomics is a lively subject, full of discussion and debate, as economists and policymakers take different views on macroeconomic issues, their causes and appropriate policy responses. Issues such as: Is the economy growing? What causes unemployment and how can we reduce it? How can we avoid recessions? When is inflation a problem? Are banks lending too much?

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Understanding Property (PO1504) - 15 Credit Points

This course introduces students to the world of the built environment, professional surveying practice and the construction industry. The first section of the course discusses the different types and characteristics of property in the UK and the different legal interests that can exist in property, why people invest in property and why and how property is developed; the second section focuses on the design and construction of buildings, the identification of defects as well their impact on the environment and relevant sustainability issues.

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Professional Skills Part 1 (PD1001)

This course, which is prescribed for level 1 students and optional for level 2 students, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year.This course, which is prescribed for level 1 students and optional for level 2 students and above, is studied entirely online and covers topics relating to careers and employability, equality and diversity and health, safety and wellbeing. During the course you will learn about the Aberdeen Graduate Attributes, how they are relevant to you and the opportunities available to develop your skills and attributes alongside your University studies. You will also gain an understanding of equality and diversity and health, safety and wellbeing issues. Successful completion of this course will be recorded on your Enhanced Transcript as ‘Achieved’ (non-completion will be recorded as ‘Not Achieved’). The course takes approximately 3 hours to complete and can be taken in one sitting, or spread across a number of weeks and it will be available to you throughout the academic year

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Academic Writing for Business (AW1003)

This compulsory evaluation is designed to find out if your academic writing is of a sufficient standard to enable you to succeed at university and, if you need it, to provide support to improve. It is completed on-line via MyAberdeen with clear instructions to guide you through it. If you pass the evaluation at the first assessment it will not take much of your time. If you do not, you will be provided with resources to help you improve. This evaluation does not carry credits but if you do not complete it this will be recorded on your degree transcript.

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Optional Courses

  • Select a further 60 credit points from courses of choice
Year 2

Year 2

Compulsory Courses

Land and Property Law (PO2010) - 15 Credit Points

This course considers the different legal relationships which can exist in Scotland with regard to rights in land and to outline the implications of these relationships.

This course is intended to enable participants:

  • To understand the place of land tenure in society.
  • To explain the concept of ownership and its implications in Scotland.
  • To describe the principal forms of subordinate right that can be carved out of land ownership in Scotland.
  • To identify and explain the principal restrictions on land ownership in Scotland.

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Land and Property Economics (PO2009) - 15 Credit Points

The course will facilitate greater understanding of real estate and land markets and of the linkages between supply, demand and price. It will provide explanations of market behavior and discuss activity patterns and outcomes with reference to specific property markets. Students will gain an understanding of the institutions that govern land use and real estate transactions and will develop skills to identify and interpret property market data in order to analyze market sectors and property types. Students will also make critical economic assessments of land use and planning policy and the methods of policy delivery.

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Understanding Statistics (PO2508) - 15 Credit Points

This course aims to provide students with an understanding of statistical concepts and methods relevant to accounting, management, finance, real estate and economics. The course is intended to enable students

i) To understand the principles of descriptive statistics, index construction, statistical inference, correlation, regression and time series analysis

ii) To apply statistical techniques to the analysis of accounting, business and economic issues and interpret findings

iii) To identify important sources of data in accounting, business and economics

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Principles of Property Valuation (PO2509) - 15 Credit Points

This course deals with the detail of why property requires to be valued and how the valuation process operates in the UK by way of the implementation of the RICS “Red Book”. 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 a focus on the investment method and the critique of traditional approaches. Practical valuation exercises are undertaken, which include the inspection and measurement of property and the analysis of comparable evidence.

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Optional Courses

  • Select a further 60 credit points from courses of choice
Year 3

Year 3

Compulsory Courses

Applied Valuation (PO3006) - 30 Credit Points

This course applies the principles of valuation taught at level 2 to more complex real world examples. Topics covered include rent reviews, compulsory purchase, property investment, property development and national and local taxation. 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 students to consider their career path by requiring students to prepare a CV and prepare for a mock interview.

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Research Methods for Business (MS3553) - 30 Credit Points

This course introduces students to what is involved in undertaking research into business phenomena. It introduces philosophical issues in the theory of knowledge, ethical issues in research conduct, and considers quantitative and qualitative methods in turn, addressing issues in sampling and design, details of specific approaches, and considerations in data analysis. The course is taught through weekly lectures and an extended two hour tutorial every fortnight, with two pieces of coursework and a two hour written exam. The emphasis throughout is on understanding the conceptual underpinning of different methods, and their strengths and limitations in research.

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International Real Estate (PO3504) - 30 Credit Points

This course examines international property markets and institutions from the perspectives of users, investors and real estate service providers. The course incorporates the study of specific national markets and is focused primarily on the regions of Europe, North America and Asia-Pacific. The course includes field study and the completion of a strategic investment report pertaining to a major UK property market.

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Optional Courses

  • Select a further 30 credit points from courses of choice
Year 4

Year 4

Compulsory Courses

Real Estate Portfolio Investment (PO4007) - 30 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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Housing Economics (PO4508) - 30 Credit Points

Housing is a necessity and of interest to economists, policymakers, and investors alike. In this course, students will gain an understanding of the micro and macro-economic dimensions of housing markets. The course will also discuss the many different ways in which governments intervene in housing markets, such as land use regulation, rental law, and social housing support. The positive and normative aspects of these interventions will be discussed. The course has a comparative perspective throughout and discusses housing markets, regulation, and outcomes at hand of the UK, the US and Germany.

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Optional Courses

  • EITHER Real Estate Dissertation (PO4006) OR Real Estate Dissertation (PO4506)
  • Select a further 30 credit points from courses of choice
Real Estate Dissertation (PO4006) - 30 Credit Points

The dissertation can be a rewarding, interesting and challenging exercise, with a process that differs from taught courses. With self-directed study, you are introduced to the process of independent research starting with finding a topic that is both academically interesting and can be covered in the given time frame. In addition to utilising skills acquired during previous years of study, it is an opportunity to develop new skills useful for future employment, such as writing reports. Your dissertation will be judged on evidence of competence in independent research. The greater the degree of competence, the higher the mark awarded.

View detailed information about this course

Real Estate Dissertation (PO4506) - 30 Credit Points

The dissertation can be a rewarding, interesting and challenging exercise, with a process that differs from taught courses. With self-directed study, you are introduced to the process of independent research starting with finding a topic that is both academically interesting and can be covered in the given time frame. In addition to utilising skills acquired during previous years of study, it is an opportunity to develop new skills useful for future employment, such as writing reports. Your dissertation will be judged on evidence of competence in independent research. The greater the degree of competence, the higher the mark awarded.

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

Courses usually involved two or three lectures and one small group tutorial//seminar per week. Students will also be required to undertake project work. Practical courses include field trips, project and computer modelling. All courses are assessed by a combination of coursework and written examination.

Learning Methods

  • Group Projects
  • Individual Projects
  • Lectures
  • Tutorials

Assessment Methods

Students are assessed by any combination of three assessment methods:

  • Coursework such as essays and reports completed throughout the course.
  • Practical assessments of the skills and competencies they learn on the course.
  • Written examinations at the end of each course.

The exact mix of these methods differs between subject areas, years of study and individual courses.

Honours projects are typically assessed on the basis of a written dissertation.

Why Study Real Estate?

  • Top in Scotland for Land & Property Management (second in the UK) in the Complete University Guide rankings for 2017.
  • Professional training facilities including the virtual Thomson Reuters Eikon™ trading floor, used by major financial services companies across the world and integrating real activity in financial markets directly into our students’ courses.
  • Recent success at the prestigious ‘Cornell International Real Estate Competition’, in New York, with Aberdeen students finishing fourth out of 17 universities, scooping up $1500 in prize money and beating rivals from Cambridge, Australia, Hong Kong, USA and Canada with their analysis of an actual real estate transaction.
  • Enterprise Campus, a new programme to nurture entrepreneurial skills and support students wanting to progress their own business ideas.
  • The spectacular, award-winning Sir Duncan Rice Library, a top-class study environment with state-of-the-art technology and a first-class collection of reference works in business and management.
  • A packed campus programme of student, public and business events, seminars, invited speakers and the annual May Festival which welcomes internationally acclaimed public figures, business leaders, authors and broadcasters to discuss and debate critical issues and challenges in the world today.  

Entry Requirements

You will find all the information you require about entry requirements on our dedicated 'Entry Requirements' page. You can also find out about the different types of degrees, offers, advanced entry, and changing your subject.

Qualifications

SQA Highers - AABB
A Levels - BBB
IB - 32 points, including 5,5,5 at HL
ILC - 5H with 3 at H2 AND 2 at H3 OR AAABB, obtained in a single sitting. (B must be at B2 or above)

Advanced entry is considered on an individual basis depending on prior qualifications and experience. Applicants wishing to be considered for advanced entry should contact directly the Director of Studies (Admissions) at our Student Recruitment and Admissions Service office.

Further detailed entry requirements for Arts and Social Sciences degrees.

English Language Requirements

To study for a degree at the University of Aberdeen, it is essential that you can speak, understand, read, and write English fluently. Read more about specific English Language requirements here.

Fees and Funding

You will be classified as one of the fee categories below.

Fee Waiver

For international students (all non-EU students) entering in 2017/18, the 2017/18 tuition fee rate will apply to all years of study; however, most international students will be eligible for a fee waiver in their final year via the International Undergraduate Scholarship.

Most RUK students (England, Wales and Northern Ireland) on a four year honours degree will be eligible for a full-fees waiver in their final year. Scholarships and other sources of funding are also available.

Fee information
Fee category Cost
Home / EU £1,820
All Students
RUK £9,250
Students Admitted in 2018/19 Academic Year
International Students £15,000
Students Admitted in 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.

Our Funding Database

View all funding options in our Funding Database.

Undergraduate Open Day

Our next Open Day will be on

Find out More

Careers

Students graduating in Real Estate from Aberdeen have a wide range of career options in related fields. The insights that you will gain into the property market in the UK and overseas and the valuation and development knowledge that you will acquire will help you meet the requirements of top employers. Previous graduates of this programme have gone on to work with major property consultants, real estate departments of financial institutions, specialist research companies and in property investment.

Our Experts

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.

Real Esate Research World Class

The Real Estate programme at Aberdeen is internationally recognised as world class.

Facilities

World-class Teaching

Based within the University of Aberdeen Business School, the teaching staff on our Real Estate programme have a wide range of practical experience and many are distinguished researchers in real estate. The University places a strong emphasis on applied learning and the programme combines academic rigour with practical relevance. You will also benefit from the department's strong external links with the real estate profession.

Key Information Set (KIS)

Unistats draws together comparable information in areas students have identified as important in making decisions about what and where to study. The core information it contains is called the Key Information Set.

You can compare these and other data for different degree programmes in which you are interested.

Get in Touch

Contact Details

Address
Student Recruitment & Admissions Service
University of Aberdeen
University Office
Regent Walk
Aberdeen
AB24 3FX