Real Estate

Taught Modules

Compulsory modules

• Built Environment Delivery (30 credits)

  The built environment touches all aspects of our lives, encompassing the buildings we live in, the
  distribution systems that provide us with water and electricity and the roads, bridges, and transportation
  systems we use to get from place to place. It can generally be described as the man-made or modified
  structures that provide people with living, working, and recreational spaces. We will explore how through
  good design, construction, and management, we can achieve sustainable outcomes that allow people to
  live well, reduce whole life carbon and materials costs through efficient use of resources (energy, waste,
  water) and provide environments that contribute to our physical and mental health and enhance
  creativity and productivity. Through your studies, you will develop an understanding of how the built
  environment is delivered holistically from initial conception of an idea through to planning, financial
  appraisal, and delivery.

• Valuation and Investment (30 credits)

  Develop an understanding of the operation of the real estate investment markets in the context of the economy and wider financial markets. You will explore the various principles, approaches, methods, and techniques of valuation as related to real estate. These are linked to the assessment of investment worth so the techniques of valuation can be used within investment decision making. This understanding is built on to explore the role of property within a multi-asset portfolio. This includes transacting, financing, and structuring property investments (in the UK and internationally) including the use of debt and indirect investment vehicles. You will also learn to use excel spreadsheets to build valuation and investment models for portfolio analysis, as part of a wider 
  understanding of the use of technology and IT within and its effect on the real estate sector.

• Law and Professional Practice (30 credits)

  You will gain legal knowledge to identify where issues might arise in real estate and the legal remedies
  available. It will also alert you to more significant problems where professional legal input may be
  required. You will be introduced to the following substantive areas of law, contract and
  tort law, professional negligence, occupier’s liability, trespass and nuisance, English land law, and
  landlord and tenant law for both commercial and residential leases, as well as the increasing important field of
  environmental law. You will also study what constitutes best professional practice including ethics and
  the Royal Institution of Chartered Surveyors’ (RICS) Code of Conduct.

• Business and Management (30 credits)

  Your studies will include identifying the financial situation of a business, taxation, the functioning of property
  finance markets, market trends, and the efficiency of property markets. You will learn to develop techniques
  by which the financial performance of a real estate business can be evaluated, and real estate assets valued
  using accounting data. This includes the study of the economics of real estate markets and organisations,
  and the economic context within which they operate. You will also be able to analyse the implications of
  government economic policy for real estate markets. Having delivered a basic understanding of the key
  fundamentals of business, we will focus upon several practical, current, and real life scenarios faced by
  corporate and property managers in the private, public, and corporate sectors of the real estate industry. We
  study the skills required of a Chartered Surveyor when managing real estate from both a practical and
  strategic viewpoint.

• Applied Research (20 credits)

  This module is a combination of real estate market analysis and research in a practical and contextualised
  environment. 
  
  Within semester 1 you will examine the real estate market systematically, analyse selected segments and sectors of markets, study research methods, and conduct assigned and self-directed research projects by assimilating the concepts and knowledge gained in the other taught modules throughout Semesters 1 and 2. The module provides exposure to both domestic (UK) and international markets.
  
  Semester 2 includes a series of in-house seminars on international real estate research and you will have an
  opportunity to attend a 5 day organised field trip to an EU country. Seminar topics focus on real estate
  research in an international context, with discussions and research undertaken on the American, Asian and
  European real estate markets