AI2102 Real Estate Market Analysis and Development 7.5 credits

• Educational level

  Second cycle

• Academic level (A-D)

  D

• Subject area

  Built Environment
  

• Grade scale

  A, B, C, D, E, FX, F

• Course page on KTH Social

Learning outcomes

The course should enable you to develop skills in methods for market analysis and development of housing and retail properties by:

• Identifying the criteria for determining the appropriate level of a market analysis.
• Being able to determine if a site meets physical, regulatory and environmental requirements – the productivity analysis of the project.
• Discuss the various theories or models of urban growth and how they relate to real estate market analysis.
• Recognizing macro determinants in equilibrium, cyclical patterns in the real estate market and the relationship between the national business cycle and the local real estate cycle.
• Being able to delineate a market area, as well as to identify and collect the market data needed to evaluate supply, demand and then quantify the market gap.
• Analyzing the financial feasibility of the development measuring cash flows, costs, loans, profits, etc.

Through case studies, the course should also enable you to identify stakeholders of real estate projects; developer, clients, local government, tax payers, special interest groups, etc. and each points view.

Course main content

Market analysis and development is an applied course in market analysis of housing and real estate markets from an international perspective, with special emphasis on the US and Swedish experiences. The aim of the course is to give you knowledge of theories behind the methods of market analysis used by real estate firms. The course will also help you to develop skills in methods for markets analysis. This course in market analysis and development will prepare you for work in the real estate field, within consultancy firms, institutional investors and building companies.

Eligibility

Eligibility to the master programme in Real Estate and Construction Management.

Prerequisites

Urban and Regional Economics (AI2105)

Literature

Market Analysis for Real Estate, Fanning, Appraisal Institute. Chapters 1 – 11, 13, 15. 
Niching in Residential Development, K Psilander.

Examination

• TEN1 - Examination, 4.5 credits, grade scale: A, B, C, D, E, FX, F
• ÖVN1 - Coursework, 3.0 credits, grade scale: P, F

Written examination (TEN1; 4,5 cr)
Coursework (ÖVN1; 3 cr)

Requirements for final grade

Requirements for final grade is pass of examination and course work

Offered by

ABE/Building and Real Estate Economics

Contact

Berndt Lundgren, 08-790 8003, berndt.lundgren@abe.kth.se

Examiner

Berndt Lundgren <berlun@kth.se>

Version

Course plan valid from: Spring 11.
Examination information valid from: Autumn 07.