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This course is available on the MSc in Real Estate Economics and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit.

Entry into the MSc Real Estate Economics and Finance or by request from other qualified MSc students. Those qualified will already have knowledge of economics equivalent to a good first degree in the subject. 

This course broadly aims to study how methods from economics and finance can be used to evaluate real estate investment decisions and how to incorporate insights from urban economics to improve the profitability of investments.

In the first part of the term, the course will begin with an introduction to the urban economics of real estate investment, focusing on how shifts in supply and demand across real estate related markets impact the risk and return of an investment. The students will then work towards an understanding of how different methods of varying sophistication can be used in the empirical evaluation of risk.

The second part of the module will deal with more topical issues. These will include (amongst others): real estate development and asset management, with a focus on their impacts on risk and return; real estate investment trusts (REITs), their structures and their performance; real estate portfolio construction and analysis; trends in urban economics and their impact on investment evaluations; machine learning, data analytics and real estate investment.

Assessment for the course will centre on the valuation of a mixed-use retail property in London. A field trip to tour the property and surrounding urban environment will occur during the term.

In the Department of Geography and Environment, teaching will be delivered through a combination of classes/seminars, pre-recorded lectures, live online lectures, in-person lectures and other supplementary interactive live activities.

This course is delivered through a combination of lectures, seminars and workshops across Winter Term.

This course includes a reading week in Week 6 of Winter Term.

Students will be expected to produce 2 essays in the WT.

In their firs