REMFIRM-International Real Estate Markets

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Module version for: 2017/8

Module Convenor: Mr Eamonn D'Arcy

Email: p.e.darcy@henley.reading.ac.uk

Summary module description:
The module aims to provide the student with a comprehensive understanding of the key issues in and approaches to the analysis of commercial real estate markets and in particular to evaluate critically the functioning and principal characteristics of Europe's major commercial real estate markets and the European real estate sector.

Aims:
The module aims to provide the student with a comprehensive understanding of the key issues in and approaches to the analysis of commercial real estate markets in an international context. It evaluates critically, the functioning and principal characteristics of commercial real estate markets and the real estate sectors in both established and emerging markets.

Assessable learning outcomes:

The module emphasises knowledge and critical understanding of the economic principles underlying property markets and the application of market analysis to real world property problems in an international context.

- a systematic understanding of the main paradigms of property market analysis and their respective strengths and weaknesses;

- a critical assessment of institutional change in the property market;

- construct a critical property market analysis illustrated by appropriate event histories of market performance;

- a comprehensive understanding of the principal determinants of cross-border real estate involvements;

- a practical understanding of the principal structural differences between Europe’s major commercial real estate markets and their implications for market performance;

- the ability to critically evaluate the principal drivers behind the recent performance of property markets in North America and Asia -Pacific.


Additional outcomes:
The module will assist students in developing a comprehensive understanding of the determinants of property market performance at both macro and micro levels. It enhances their ability to deal with complex ‘real world’ property market issues both systematically and creatively and to make sound judgements in the absence of complete data. The module will enhance the students’ quantitative and qualitative analytical skills and contributes to the qualities and transferable skills necessary for employment.

Outline content:
The module covers three distinct, but interrelated, areas – topics in international market analysis - analysis of European real estate markets - introduction to global market analysis.

Brief description of teaching and learning methods:
The module will comprise lectures and a series of external speaker seminars in international real estate and market analysis. In addition students are required to undertake a major individual written project in market analysis on a related research topic of their choice.

Contact hours:
  Autumn Spring Summer
Lectures 20
Tutorials 10
Guided independent study 170
       
Total hours by term 200.00
       
Total hours for module 200.00

Summative Assessment Methods:
Method Percentage
Report 50
Oral assessment and presentation 20
Class test administered by School 30

Other information on summative assessment:

The module will include 3 assignments. One minor group assignment involving the development of a short presentation on the construction of an indirect real estate ‘fund of funds’ and its delivery and one minor assignment in the form of an end-of-term open book time limited test. A major assignment comprising an applied research report based on a project brief developed by the student. The major assignment will be set in the spring term for submission at the beginning of the summer term. Guide length, Minor Assignments 1,250 words (or equivalent) and Major Assignment 2,500 words (or equivalent).


Formative assessment methods:

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Length of examination:
Not applicable.

Requirements for a pass:
The pass-mark for this module is 50%.

Reassessment arrangements:
Reassessment will be by the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate.

Last updated: 10 May 2017

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