|School||Cardiff School of Planning and Geography|
|External Subject Code||K490|
|Number of Credits||20|
|Language of Delivery||English|
|Module Leader||Dr Pauline Card|
This module trains students to apply a set of practical methods to understand and analyse the real estate market in a global setting. The substantive focus is on the property markets in the UK, USA and China, though the analytical approaches will be transferable to the other contexts. The module mainly develops skills for decision-making in the real estate market from a private sector perspective. These nonetheless include how to understand the implications of private real estate development with regard to the public domain and how to justify government interventions such as property taxation and regulatory taking.
seminars/ computer-based workshops
Accessing and exploring real estate property data (SPSS)
Mapping property locations and urban structures (ArcGIS)
Budgeting for private real estate project/transaction (Excel)
Presentation in accordance to professional standards (MS Powerpoint)
Group Presentation - 30%
Individual Essay - 70%
The module begins with an overview of the real estate market analysis, respectively from economic, social and environmental perspectives. This is followed by trainings on the appraisal of financial viability of individual transactions in the real estate market. The next step draws on institutions and interventions in the real estate mark and their welfare implications. Finally the students are reminded of globalization as a broad background of conducting real estate business and the related ethics issues.
Adams, D. and S. Tiesdell (2012). Shaping Places: Urban Planning, Design and Development, Routledge.
Clauretie, T. M. and G. S. Sirmans (2009). Real Estate Finance: Theory & Practice, South-Western Pub.
Lynn, D. J. and T Wang (2010). Emerging Market Real Estate Investment: Investing in China, India, and Brazil, Wiley.
McDonald, J. F. and D. P. McMillen (2010). Urban Economics and Real Estate: Theory and Policy, Wiley-Blackwell.
Thrall, G. I. (2002). Business Geography and New Real Estate Market Analysis. New York, NY, USA, Oxford.