LEARNING OUTCOMES
After the course, the student is familiar with the characteristics of real estate markets and assets. The student understands the basic functions of real estate markets, the role of various actors operating in these markets, and the principles of real estate market dynamics. Further, the student understands value concepts, real estate price and profit formation, and the basic principles of valuation. He/she also is able to perform valuation calculations.
Credits: 6
Schedule: 04.09.2024 - 15.10.2024
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Heidi Falkenbach
Contact information for the course (applies in this implementation):
heidi.falkenbach@aalto.fi
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
Characteristics of real estate assets and markets
Actors in real estate market
Market dynamics
Principles of real estate valuation
Valuation methods
Assessment Methods and Criteria
valid for whole curriculum period:
Exam (preliminary). The assessment methods and criteria will be announced in course syllabus.
applies in this implementation
Exam and assignment.
Workload
valid for whole curriculum period:
160 hours (6 cr). The workload per activity type will be presented in the course syllabus.
DETAILS
Study Material
valid for whole curriculum period:
To be announced in course syllabus, MyCourses and lectures.
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
11 Sustainable Cities and Communities
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Autumn I
2025-2026 Autumn IRegistration:
Registration for the course will take place on Sisu (sisu.aalto.fi). The course is offered only to students in the Master's Programme in Real Estate Economics, Master's Programme Creative Sustainability (Real Estate and Water Management), Master's Programme in Urban Studies and Planning (real estate specialization) and those exchange students who have been pre-admitted to the course.
In addition there is a quota of 7 students from the Master's Programme in Finance at Aalto and 10 other students. These students are selected based on their application to the Minor in Real Estate Economics.
The minor students will be selected based on
1) motivation letter and
2) credits attained and academic performance of previous studies. The motivation letter as well as transcript of records must be submitted to the Mycourses page of the course two weeks before the course starts.