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AI1144 Fundamentals of Residential Real Estate Finance 7.5 credits

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Headings with content from the Course syllabus AI1144 (Autumn 2023–) are denoted with an asterisk ( )

Content and learning outcomes

Course contents

Real estate investments, the financial system, financial intermediaries, credit market instruments, short- and long-term interest rates, financial leverage, present value mathematics, mortgage markets, loans with fixed and variable rates, loan amortization schedules, interest rate margins, yield curves, financial analysis of debt-financed property investments, banking, capitalization rates, credit risk, interest rate risks, financial stability and financial regulations, financial crisis.

Intended learning outcomes

After passing the course, the student should be able to:

  • describe basic concepts and situations in residential real estate finance,
  • solve problems that arises in residential real estate finance.

Course disposition

No information inserted

Literature and preparations

Specific prerequisites

Completed course AI1128 Economics of the Built Environment or equivalent course and completed part INL1 (Submit assignment 3.0 credits) in AI1178 Applied Mathematics and Statistics for Economists.

Recommended prerequisites

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Examination and completion

If the course is discontinued, students may request to be examined during the following two academic years.

Grading scale

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


  • INL1 - Assignment, 3.5 credits, grading scale: P, F
  • TEN1 - Examination, 4.0 credits, grading scale: A, B, C, D, E, FX, F

Based on recommendation from KTH’s coordinator for disabilities, the examiner will decide how to adapt an examination for students with documented disability.

The examiner may apply another examination format when re-examining individual students.

Other requirements for final grade

Coursework 3,5 credits (INL1)

Written exam 4 credits (TEN1)

Opportunity to complete the requirements via supplementary examination

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Opportunity to raise an approved grade via renewed examination

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Ethical approach

  • All members of a group are responsible for the group's work.
  • In any assessment, every student shall honestly disclose any help received and sources used.
  • In an oral assessment, every student shall be able to present and answer questions about the entire assignment and solution.

Further information

Course web

Further information about the course can be found on the Course web at the link below. Information on the Course web will later be moved to this site.

Course web AI1144

Offered by

Main field of study

Built Environment, Technology

Education cycle

First cycle

Add-on studies

No information inserted


Bertram Steininger (