GY458 Half Unit
Real Property Market Practice
This information is for the 2020/21 session.
Teacher responsible
Prof Paul Cheshire STC402, Dr Felipe Carozzi STC416 and Miss Yixi Liao STC317
Availability
This course is compulsory on the MSc in Real Estate Economics and Finance. This course is available with permission as an outside option to students on other programmes where regulations permit.
It is available by arrangement with the teacher responsible as an option to other students on other programmes who have an appropriate academic background and an interest in real estate markets.
The number of students that can be accommodated is limited. If the course is over-subscribed, places will be allocated at the Department’s discretion and a waiting list may be created. For further details, please contact your relevant Programme Coordinator
Course content
An examination of how real property markets operate in practice and of the analytical techniques and data available for analysts and practitioners. Specific areas of study include: the availability and structure of data sets in the context of property: problems of: price measurement; user/investment categories; professional methods of valuation (appraisal) and possible impact on price formation: creating and manipulating datasets; measuring property performance; analysis to guide portfolio selection; anticipating and evaluating investment opportunities. Specific sector case studies: industrial, retail, commercial, and residential: investment portfolio choice and management. Briefing on course project/essay. Defining research objectives and methodology in practice.
Teaching
In the Department of Geography and Environment, teaching will be delivered through a combination of classes/seminars, pre-recorded lectures, live online lectures, in-person lectures and other supplementary interactive live activities.
This course is delivered through a combination of seminars, workshops and lectures across Michaelmas Term and workshops and help sessions in Lent Term.
This course includes a reading week in Week 6 of Michaelmas Term and Week 6 of Lent Term.
Indicative reading
There is no course text. CSO guides to Government Statistics; publications from Investment Property Databank and other research departments and organisations in the real property markets; Journal of Property Research, Estates Gazette.
Assessment
Essay (100%, 3000 words).
A 3,000 word project or essay identifying a research problem in real estate markets on a specific issue (e.g., ‘The Impact of the 2008 Financial Crisis on Office Rents in Hong Kong’, ‘Impact of Incomes on House Prices in the UK’, ‘Which Side of Beijing-Tianjin High-Speed Railway Benefits Most in terms of Housing Prices?’ or ‘The Economic Implications of Use-Class Designations in England’') which will require the student to investigate data sources, suggest techniques of data analysis and provide conclusions on the problem set. Topics must be agreed with the teachers responsible.
Student performance results
(2016/17 - 2018/19 combined)
| Classification | % of students |
|---|---|
| Distinction | 11.5 |
| Merit | 56.9 |
| Pass | 28.5 |
| Fail | 3.1 |
Important information in response to COVID-19
Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.
Key facts
Department: Geography & Environment
Total students 2019/20: 47
Average class size 2019/20: 20
Controlled access 2019/20: Yes
Value: Half Unit
Personal development skills
- Self-management
- Team working
- Problem solving
- Application of information skills
- Communication
- Application of numeracy skills
- Specialist skills
