This course provides a coherent introduction to the relevant economic analyses to support an understanding of the role of real estate markets within the globalisation and internationalisation context. It illustrates how the complex economic, urban structure, planning and social frameworks interact to produce unique property markets with specific investment characteristics.

The course will be delivered in 3 hourly blocks, once per week, over 6 consecutive weeks.

International Real Estate Analysis (URBAN5089)

None

Assessment:

The course will be formally assessed by means of a coursework report (100%). The report, maximum of 2,500 words, will require students to critically assess and evaluate the influences of economic, planning, and/or institutional factors on real estate markets in two countries. 

The aim of this course is to provide the student with a coherent introduction to the relevant economic analysis to support an understanding of the role of real estate markets within the globalisation and internationalisation contexts. It involves in-depth analysis and valuation of international real estate property markets, as well as management and development of real estate portfolio. It illustrates how the complex economic, urban structure, planning and social frameworks interact to produce unique property markets with specific investment characteristics

By the end of this course students will be able to:

■ demonstrate in-depth understanding on the processes of globalisation and the implications of economic integration on the international real estate markets;

■ demonstrate in-depth understanding of market risks attached to investments in international real estate markets, and market efficiency in a broader institutional, economic and theoretical context and evaluate the influence of government controls and regulations;

■ evaluate the economic, planning, urban structure and institutional factors that influence the performance of real estate in different countries;

■ critically assess and evaluate the risks attached to investments in international real estate markets, particularly political risk, systemic financial risk and economic risk;

■ comparatively analyse and evaluate real estate markets in established and emerging economies, drawing on a broad understanding of the different types and components of market risk and efficiency;

■ interpret and analyse the institutional factors that influence the performance of real estate in different countries;

■ critically examine portfolio theory and use the skills required to develop an international real estate portfolio;

■ develop the analytical skills to enable them to undertake informed comparative analysis; and

■ apply skills in processing information, verbal communication within a group setting, and written communication.

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.

Minimum requirement for award of credit for students on MSc Real Estate is D3 or above.

University standard regulations apply to students on other qualifications.