REMF49-Real Estate Development: Process, Practice and Appraisal

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Modules excluded:
Current from: 2020/1

Module Convenor: Prof Pat McAllister


Type of module:

Summary module description:

The module aims to provide students with an understanding of: the nature of the real estate development process including the activities, agencies, events, relationships, skills and tasks involved; the factors which influence the process and its outcomes; and the types, characteristics, utility and quality of buildings and schemes. The module also explores the methodologies involved in the appraisal and financing of development projects.


The module aims to provide students with an understanding of: 

  • The nature of the real estate development process, including the activities, agencies, events, relationships, skills and tasks involved. 

  • The importance of the different actors in the real estate development process and the means by which they achieve their goals.

Assessable learning outcomes:

Upon completion of this module, students should be able to: 

  • Understand the nature of and influences on real estate development;? 

  • Analyse the varied facets of the real estate development process, including the activities, elements, skills and participants involved;

  • Appreciate the nature and role of site evaluation, market research, development finance, and risk in real estate development;

  • Understand a range of approaches to real estate development appraisal techniques and use them to assess the viability of development projects.

Additional outcomes:

Outline content:

The module consists of a range of topics on development processes and appraisal, including:


- Development and developers 


- Models of the development process 


- Scheme conception and site evaluation. 


- Risk in real estate development 


- Land valuation and financial feasibility analysis

Brief description of teaching and learning methods:

The course will comprise lectures, in-class tutorials and problem-solving workshops.

Contact hours:
  Autumn Spring Summer
Lectures 30 1
Guided independent study:      
    Other 69
    Revision and preparation 100
Total hours by term 0
Total hours for module 200

Summative Assessment Methods:
Method Percentage
Written exam 100

Summative assessment- Examinations:

Three hour exam

Summative assessment- Coursework and in-class tests:

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:

Assessment 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.

Additional Costs (specified where applicable):

Last updated: 4 April 2020


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