Courses Master Display 2025-2026

Course Description To PDF
Course title Sustainable Real Estate Finance
Course code EBC4055
ECTS credits 6,5
Assessment Whole/Half Grades
Period
Period Start End Mon Tue Wed Thu Fri
5 13-4-2026 5-6-2026 X X
Level Advanced
Coordinator Dirk Brounen
For more information: dirk.brounen@maastrichtuniversity.nl
Language of instruction English
Goals
Understand modern financing techniques for real estate
Acquire a deep understanding about real estate investment strategies and valuation
Understand how different real estate markets (housing, commercial real estate) behave in the light of macro economic and demographic developments
Description
The real estate markets play a major role in the economy. By all counts, the real estate market is the largest asset market we have. Moreover, the investment characteristics of real estate differ markedly from those of other asset classes like stocks and bonds moreover, the real estate market is responsible for a major part of global resource consumption. All this makes studying the real estate markets relevant and interesting. Some of the topics addressed include:
-advanced valuation issues
- the economic effects of sustainability in real estate
-explaining property market behaviour
-diversification of the real estate portfolio
-direct and indirect real estate investments
-performance measurement of property investments
-real estate and inflation
-international real estate investments
-mortgages and mortgage-backed securities
- green real estate financing

One of the teaching methods also includes a mandatory field trip.
Literature
Reader containing book chapters and journal articles.
Geltner, Miller, Clayton and Eichholtz, Commercial Real Estate Analysis and Investments, 3rd edition, 2013. Oncourse Learning
Prerequisites
PREREQUISITES
  • Basic knowledge of Financial Markets, Portfolio Management, and Valuation.
  • Exchange students need to have obtained a Bachelor degree in business.
  • An advanced level of English.

Note that courses and workload are very demanding for all master International Business courses.

TRANSITIONAL REGULATIONS
  • Master Business Research
  • Master Business Research - Operations Research
  • In 2024-2025 and 2025-2026 education and exam/resit opportunities are offered.
  • In 2026-2027 exam/resit opportunities are offered.
  • From 2027-2028 onwards, the course is cancelled.
Academic YearEducationExam/ResitReplacement(s)
2024-2025 - 2025-2026XX 
2026-2027 X 
2027-2028 onwards   
TRANSITIONAL REGULATIONS - Master Fiscal Economics
  • In 2024-2025 education and exam/resit opportunities are offered.
  • In 2025-2026 exam/resit opportunities are offered.
  • From 2026-2027 onwards, the course is cancelled.
Academic YearEducationExam/ResitReplacement(s)
2024-2025XX 
2025-2026 X 
2026-2027 onwards   
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture / Assignment / Groupwork
Assessment methods (indicative; course manual is definitive) Participation / Written Exam
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Business Research - No specialisation In transition - Y1 Disc IB Sustainable Finance
Master Business Research - Operations Research In transition - Year 1+2 Elective Courses
Master Financial Economics - Asset Pricing Elective Course(s)
Master Financial Economics - Banking Elective Course(s)
Master Financial Economics - Financial Analysis Elective Course(s)
Master Financial Economics - No specialisation Elective Course(s)
Master Fiscal Economics TR - Economics Electives
Master International Business - Accounting and Business Information Technology Elective Course(s)
Master International Business - Entrepreneurship and Business Development Elective Course(s)
Master International Business - Managerial Decision-Making and Control Elective Course(s)
Master International Business - Information Management and Business Intelligence Elective Course(s)
Master International Business - Marketing-Finance Elective Course(s)
Master International Business - Organisation: Management, Change and Consultancy Elective Course(s)
Master International Business - Strategic Corporate Finance Elective Course(s)
Master International Business - Strategic Marketing Elective Course(s)
Master International Business - Strategy and Innovation Elective Course(s)
Master International Business - Supply Chain Management Elective Course(s)
Master International Business - Sustainable Finance Compulsory Course(s)
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses