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

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.

Reader containing book chapters and journal articles.
Geltner, Miller, Clayton and Eichholtz, Commercial Real Estate Analysis and Investments, 3rd edition, 2013. Oncourse Learning

This course is in transition for the
* master Business Research - No specialisation
* master Business Research - Operations Research
* master Fiscal Economics
See the Master Education and Examination Regulations for more information.

The following rule applies to master Business Research students who started the programme prior to academic year 2024-2025.
TRANSITIONAL REGULATION (EBC4055):
The master Business Research has been discontinued.
Courses of the Business Research master’s programme will continue to be offered until and including academic year 2025-2026 with exam opportunities running until and including 2026-2027.

The following rule applies to master Fiscal Economics students who started the programme prior to academic year 2024-2025.
TRANSITIONAL REGULATION (EBC4055):
The master Fiscal Economics has been discontinued.
Courses of the Fiscal Economics master’s programme will continue to be offered until and including academic year 2024-2025 with exam opportunities running until and including 2025-2026.


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.