module specification

This module brings together your knowledge of economics, valuation, and development.  You will consider property as an investment, study approaches to risk and returns, and explore various financial models for property development and ownership. You will compare property against other investment classes and appreciate the types of property investors, including the role of institutional investors in the market.
You will examine global property markets and reflect upon global financial events which have influenced or been influenced by real estate investment.
Throughout the module sustainable investment and finance will be considered. Future trends and the influence of big data and proptech will form part of the module discourse. You will be required to contribute to discussion drawing upon your own experience, research and it is important that you keep abreast of current economic issues including the performance of financial markets. The module will require you to develop strong analytical skills to apply to practical industry scenarios and to critically evaluate the investment performance of property assets. These are valuable skills which will be of benefit to your career and are competencies required for professional body membership.

• Property as an investment asset class (LO1)
• Global property markets (LO1, LO2)
• Real estate cycles, supply and demand (LO1, LO2)
• The economics of rent (LO1, LO2)
• Types of finance and debt structures (LO3, LO4)
• Property investment portfolios (LO1, LO2, LO3, LO4)
• Indirect investment vehicles (LO4)
• Measuring performance (LO3)
• Proptech and big data (LO3, LO4)
• Future trends and predictions (LO4)
• Environment, sustainability and governance (ESG) (LO4)

In your lectures you will learn more about real estate investment and finance, applying this learning to real estate investment situations in smaller group seminars, supported by tutors and peers. Students have the opportunity to bring in their own experience to the module and debate and discussion will enhance learning opportunities.

Study will be supported via lectures, seminars, workshops, and guided asynchronous activities. Where appropriate, activities, will be captured and made available to allow asynchronous access. The value of this blended approach is that you will be able to continue to explore topics beyond the classroom and interact with your cohort to expand on discussions and debates, via the VLE.

You will receive formative feedback at regular intervals.  Formative means that the feedback will not go towards your final mark for the module, but you will be able to use the feedback to learn, improve your knowledge of key topics and to develop your academic writing skills. Students will be given the opportunity to self-assess their learning in class and asynchronously via Weblearn.

You will be asked to do independent and guided reading and research to support your learning, this will help you to build a wider knowledge of the subject area. You will be expected to read industry related reports, professional journals, and will benefit from keeping abreast of current news, economic outlooks and financial markets.

On completion of the module the learner, operating independently and applying their knowledge and skills, should be able to:
1. Critically appraise property as an investment class.
2. Analyse and justify investment decisions using appropriate data.
3. Evaluate finance models relative to real estate investment and justify their application in different situations.
4. Scrutinise real estate investment decisions in relation to environmental, social and governance values.

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