Real Estate

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The programme has several key strengths:

* The Real Estate Group is internationally recognised as world class for its research
* Degree is fully accredited by the Royal Institution of Chartered Surveyors (RICS) allowing graduates to proceed to the RICS Assessment of Professional Competence (APC) following appropriate work experience
* Degree has been running for over 20 years and has established a strong reputation among employers with many past graduates employed in senior positions in the profession.
* Employers like the combination of first degree coupled with a postgraduate Masters degree in the specialist area
* The Real Estate Group has strong links with the profession with practitioners regularly involved in workshops and field trips
* Programme is based in the Business School and benefits from strong links with the economics, finance and management disciplines.
* Combines academic rigour with practical relevance
* Offers a particular focus and strength on commercial property valuation and investment and the study of international real estate markets. Offers a particular focus and strength on commercial property valuation and investment and the study of international real estate markets. Students on the international pathway can elect to travel to Asia and visit 5 cities as part of the Asian Cities module.
* Average cohort size of 15 to 25 students ensures an interactive, friendly learning environment
* International Real Estate module includes a week long European field trip
* Teaching staff are active researchers ensuring that the content is at the forefront of current thinking

The programme is based on core and elective modules.

* REAL ESTATE ECONOMICS - Introduction to business economics. Property and the macroeconomy. Economic characteristics of property. Institutional and regulatory environment of property (including legal and planning controls). Property market analysis: use, investment and development. Sector analysis: offices, retail, industrial, housing.
* VALUATION & FINANCE - Introduction to bonds, equities and property as a form of investment. Mathematics of valuation and investment. Principles underlying basic valuation and investment formulae. Principal methods of valuation. Critical examination of conventional and alternative approaches to valuation.
* BUSINESS ECONOMICS - Introducing the key concepts of macroeconomics relevant to international business including foreign exchange markets, labour market issues, unemployment, inflation and economic growth
* BUILDING TECHNOLOGY - Practical and theoretical approaches to building, design and the use of space. Functional requirements of buildings. Common construction forms and their implications. Sustainable construction techniques. Building inspections. Understanding the built environment.

SECOND SEMESTER
* ADVANCED VALUATION & DEVELOPMENT - Use of computer spreadsheets. RICS Appraisal and Valuation Standards. Development valuation, valuation of over-rented property, trade related valuations and goodwill, valuation of leases, calculations of worth, risk measurement. Basis of local property tax and key elements of the national taxation regime.
* REAL ESTATE FINANCE - Relationship and interaction between property use and investment. Modern concepts of corporate real estate. Corporate real estate, business strategy corporate finance. Property as an investment class. Indirect property investment. International property investment. Techniques of property investment analysis.
* EITHER: STRATEGIC MARKETING - Marketing management and strategic planning. Marketing in a range of organisational settings, including consumer, industrial, service and voluntary sectors. Systems perspective on key marketing techniques. Relationship between marketing and other management functions in modern organisations.
* OR: MANAGING PEOPLE AT WORK - Management of people as a key element for organisational success. People as the most complex of all organisational resources to manage. Theoretical and practical issues of people management in the contemporary competitive economic environment.

FINAL STAGE
* PROPERTY RESEARCH - The contemporary property research agenda. Interpretation of property research. Commissioning and managing research. Ethical issues in research. Design and implementation of a research project: topic choice, methodology and method, bibliographical tools and literature review, qualitative and quantitative research techniques.
* PROPERTY CASE STUDY - Formulation, design and implementation of a professional case study investigation on an approved topic in property practice. This would normally be in the fields of property investment, corporate real estate, valuation practice or international property.

PLUS TWO MODULES FROM:
* REAL ESTATE ASSET MANAGEMENT - To examine the principal ways in which real estate assets must be managed, first from the perspective of the real estate investor and, second, from the perspective of business organisations for whom property is an operational asset.
* PROPERTY INVESTMENT - Modelling of property investment markets. Principles of portfolio construction. Practical portfolio construction. Techniques for portfolio management.

Or from a selection of APPROVED MBA ELECTIVES - for example; Securitisation/Managing Creativity/ International Business/ People and Change/ Industrial Marketing.All modules are assessed by examination and/or coursework.

The programme is delivered via a mixture of lectures, seminars and small group tutorials.

The minimum requirement is a good first degree (equivalent to a British second-class Honours degree) or above in any discipline. The Director of Graduate Programmes will consider applicants with non-standard qualifications, particularly those with considerable practitioner experience.References are not required in order for applicants to submit an application. They are not usually required in order for a decision to be made but in certain cases applicants may be asked to provide a single academic reference at the request of the academic selector. The English Language Requirement for all College of Arts and Social Sciences Masters programmes is an IELTS of 6.5 with 6.0 in the writing and reading (or equivalent TOEFL iBT or PTE). English Language Requirements IELTS band: 6.5 IMPORTANT NOTE: Since April 2014 the ETS tests (including TOEFL and TOEIC) are no longer accepted for Tier 4 visa applications to the United Kingdom. The university might still accept these tests to admit you to the university, but if you require a Tier 4 visa to enter the UK and begin your degree programme, these tests will not be sufficient to obtain your Visa. The IELTS test is most widely accepted by universities and is also accepted for Tier 4 visas to the UK- learn more.

There are scholarships and grants for international students who wish to study in Britain. There is a lot of competition for a limited number of awards, but it is worthwhile applying for the ones relevant to you. You should begin your research early as some scholarships require you to apply at least a year before your degree starts.

The best place to start your search is on our online funding database which will tell you about all the bursaries and scholarships available to you.

The University is also pleased to announced that they are offering a one year's tuition fee scholarship to all international undergraduate students. For more information, please read below.

Accreditation

The MBA Real Estate is accredited by the RICS, allowing graduates to proceed to the RICS Assessment of Professional Competence and full professional membership of the RICS.