CPT857: Planning and Real Estate

School Cardiff School of Geography and Planning
Department Code GEOPL
Module Code CPT857
External Subject Code 100197
Number of Credits 20
Level L7
Language of Delivery English
Module Leader Dr Sina Shahab
Semester Spring Semester
Academic Year 2023/4

Outline Description of Module

This module provides students with a critical understanding of key concepts, techniques, and trends associated with planning intervention in real estate development in market economies. The primary focus is the UK, but skills and analytical approaches will be transferable. It considers the implications for real estate development of public policy/planning challenges such as climate change and social justice. It develops skills in decision-making and judgement in relation to real estate development. 

On completion of the module a student should be able to

  1. Critically understand the institutional landscape of the real estate development process and the roles played by key actors.
  2. Appreciate the social, economic, and political significance of planning intervention in the development process, including cases revolving around notions of equity and climate change.
  3. Show awareness of recent and current property market trends in the UK and elsewhere, and their implications for planning practice.
  4. Undertake simplified versions of development project appraisals with an appreciation of the strengths and weaknesses of various methods.
  5. Research and prepare reports recommending preferred actions and outcomes in relation to real estate development proposals.

How the module will be delivered

The module will be delivered through lectures and seminars, in-person and on campus unless mitigating circumstances arise. Seminars will enable small group discussion about key issues relevant to the module. Students are expected to engage with additional module content on Learning Central e.g. readings or other material, to prepare for lectures and seminars, and to supplement and deepen taught components.

Skills that will be practised and developed

  • Accessing and analysing data on property-market trends from standard sources.
  • Assessing the real estate development implications of planning policy at various spatial scales.
  • Evaluating feasibility of detailed design options and mixes of use at site-specific level.
  • Land valuation technique (residual method).
  • Financial appraisal of real estate development proposals.
  • Report writing.
  • Various soft skills; critical thinking, problem solving, teamwork, etc.

How the module will be assessed

Formative Assessment

Formative assessment takes place throughout the module. There are learning checks in every lecture and the workshops which support the assessments provide an opportunity for peer to peer and tutor feedback.

THE OPPORTUNITY FOR REASSESSMENT IN THIS MODULE:

Re-assessment

Students are permitted to be reassessed in a module which they have failed, in line with University regulations. You will only be reassessed on the components of the module in which you have failed. The format of the reassessment will be the same as the original assessment and will take place in the Summer re-sit period.

Data collection and Ethical Approval

For some assessments, students may be required to collect their own data. In such assessments ethical approval from the School Research Ethics Committee must be obtained before data collection can begin. The module leader will discuss the process for obtaining ethical approval if it is needed in this module. Ethical approval is not needed for students using existing, open data sets (e.g. anonymised secondary data). This does not include social media data (e.g., Twitter or Facebook posts), where ethical approval must be obtained. The ethical approval process will take time and you are strongly recommended to adhere to the timetable outlined by the module leader to ensure you are not delayed in your assessment.

Assessment Breakdown

Type % Title Duration(hrs)
Written Assessment 35 Short Essay N/A
Written Assessment 65 Group Report N/A

Syllabus content

The module begins with an overview of the real estate development process and the role of planning in it. It introduces ideas of development appraisal and land valuation. This is followed by a critical exploration, through case studies, of the ways in which real estate development is bound up with challenges confronting the planning process, such as promoting social justice and the challenge of climate change. A significant proportion of the latter stages of the module is devoted to considering how real estate development prospects and aspirations are shaped by spatially differentiated market trends, planning policy at various scales, and political circumstances.


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