Last modified: 21 Mar 2025 15:16
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.
| Study Type | Undergraduate | Level | 3 |
|---|---|---|---|
| Term | Second Term | Credit Points | 30 credits (15 ECTS credits) |
| Campus | Aberdeen | Sustained Study | No |
| Co-ordinators |
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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.
Information on contact teaching time is available from the course guide.
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | 28 | Feedback Weeks | 31 | |
| Feedback |
1,000-word Individual Report |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Evaluate | Ability to discuss current issues within global or local real estate markets |
| Reflection | Evaluate | Ability to appreciate and understand the importance of ethics and professional conduct |
| Assessment Type | Summative | Weighting | 40 | |
|---|---|---|---|---|
| Assessment Weeks | 41,42 | Feedback Weeks | 44,45 | |
| Feedback |
2,000-word Individual Report linked to the field trip |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Analyse | Collect, analyse and interpret data from a variety of sources to provide reasoned advice |
| Procedural | Analyse | Knowledge and understanding of the theories and principles which underpin the real estate market |
| Procedural | Apply | Knowledge and understanding of the approaches and techniques used to value real estate |
| Procedural | Evaluate | Ability to discuss current issues within global or local real estate markets |
| Procedural | Evaluate | Select and apply appropriate appraisal and investment management tools to make decisions or provide reasoned advice |
| Reflection | Evaluate | Ability to appreciate and understand the importance of ethics and professional conduct |
| Assessment Type | Summative | Weighting | 25 | |
|---|---|---|---|---|
| Assessment Weeks | 32 | Feedback Weeks | 35 | |
| Feedback |
2,000-word Group Report |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Analyse | Collect, analyse and interpret data from a variety of sources to provide reasoned advice |
| Procedural | Apply | Knowledge and understanding of the approaches and techniques used to value real estate |
| Procedural | Evaluate | Select and apply appropriate appraisal and investment management tools to make decisions or provide reasoned advice |
| Procedural | Evaluate | Ability to discuss current issues within global or local real estate markets |
| Assessment Type | Summative | Weighting | 10 | |
|---|---|---|---|---|
| Assessment Weeks | 32 | Feedback Weeks | 32 | |
| Feedback |
Group presentation of the final group report |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Evaluate | Ability to discuss current issues within global or local real estate markets |
| Reflection | Evaluate | Ability to appreciate and understand the importance of ethics and professional conduct |
There are no assessments for this course.
| Assessment Type | Summative | Weighting | 100 | |
|---|---|---|---|---|
| Assessment Weeks | Feedback Weeks | |||
| Feedback |
Choose 2 out of 4 questions. 750 words each |
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| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Knowledge Level | Thinking Skill | Outcome |
|---|---|---|
| Procedural | Analyse | Knowledge and understanding of the theories and principles which underpin the real estate market |
| Procedural | Apply | Knowledge and understanding of the approaches and techniques used to value real estate |
| Procedural | Evaluate | Select and apply appropriate appraisal and investment management tools to make decisions or provide reasoned advice |
| Procedural | Analyse | Collect, analyse and interpret data from a variety of sources to provide reasoned advice |
| Reflection | Evaluate | Ability to appreciate and understand the importance of ethics and professional conduct |
| Procedural | Evaluate | Ability to discuss current issues within global or local real estate markets |
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