MSc Real Estate

Program Overview

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This RICS-accredited part-time MSc in Real Estate provides a comprehensive framework for professionals seeking to advance their careers in the industry. The program equips students with knowledge, critical thinking skills, and practical expertise in areas such as real estate markets, valuation, development, investment, and strategic management. Graduates gain the ability to tackle industry challenges and pursue diverse careers in environmental management, urban planning, real estate development, and more.

Program Outline

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Degree Overview:

This RICS-accredited MSc in Real Estate is designed for working professionals who want to advance their careers in the real estate industry. The program aims to equip students with the skills, knowledge, and confidence to address the challenges facing the sector.

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Objectives:

• Provide students with a framework of knowledge, understanding, and skills to enable graduates to take a leading role in addressing the challenges facing the real estate industry.
• Develop students' capacity for critical thinking and ability to present sound, well-justified arguments and solutions to complex problems, recognizing the interconnected nature of real estate practice.
• Draw on the world-class research and practical experience of the School of Environment, Education and Development, together with excellent links with business and the public sector, to enable students to explore new insights into the areas of sustainable development and strategic management of the built environment.
• Facilitate student learning by providing an intellectually challenging and stimulating learning environment, involving both independent and collaborative project work.
• Be highly relevant to future employment in the real estate industry, with a strong focus on developing commercial awareness and to produce graduates who have a wider understanding of their responsibilities as global citizens.
• As an RICS accredited degree, to enable graduates to embark on the Assessment of Professional Competence which leads, after successful completion of a two-year period of practical experience, to membership of the Royal Institution of Chartered Surveyors.

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Outline:

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Content:

The MSc Real Estate program covers a wide range of topics related to the real estate industry, including:

• Real Estate Markets
• Property Valuation
• Planning for Future Cities
• Land and Development
• Real Estate Investment and Finance
• Strategic Asset Management
• Project-Based Enquiry

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Structure:

The program is delivered online and is structured as a part-time, 24-month course. Students are expected to dedicate a minimum of 20 hours per week to their studies.

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Course Schedule:

The program begins in September 2024.

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Individual Modules:

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Unit 1 - Real Estate Markets (20 credits):

• Introduces the fundamentals of real estate markets, including how they operate and what influences them.
• Explores geographical and sector markets in both a global and national context.
• Examines the impact of macroeconomics on property cycles and the phenomenon of housing price bubbles.

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Unit 2 - Property Valuation (20 credits):

• Covers the principal methods of property valuation and their application.
• Develops competence in applying valuation techniques to various property types and interests.
• Analyzes property data and explores factors that affect value, the hierarchy of evidence, and the reliability of valuations.

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Unit 3 - Planning for Future Cities (20 credits):

• Introduces the principles, nature, and practice of planning systems and processes around the world.
• Examines emerging future trends in global urban development.
• Explores the concept of the future "smart" city in a global context.

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Unit 4 - Land and Development (20 credits):

• Examines the development process from project inception to site disposal.
• Critically considers the interrelationship of the property market, built form, and development.
• Focuses on financial appraisal, risk management, and viability.

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Unit 5 - Real Estate Investment and Finance (20 credits):

• Explores the principles of investment and value creation.
• Critically evaluates direct and indirect methods of investing in real estate.
• Demonstrates approaches used in financing funds and individual projects.

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Unit 6 - Strategic Asset Management (20 credits):

• Introduces the principles of strategic asset management.
• Explores tactics used to proactively manage real estate assets.
• Delves into topics including metrics, risk management, sustainability, and responsible property investment.

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Project-Based Enquiry (40 credits):

• Allows students to conduct practice-based research on a topic related to the course.
• Develops knowledge and competency in research methods, including hypothesis development and project management.

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Elective Unit 1 - Real Estate Law in Practice (20 credits):

• Covers the legal principles that underpin real estate practice.
• Explores how leases and other contracts are created, operated, and terminated.
• Examines property law, land tenure, third-party rights, and conflict avoidance.

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Elective Unit 2 - Real Estate Modelling (20 credits):

• Trains students in conducting applied quantitative research in real estate, housing, or planning contexts.
• Covers topics such as data analysis, descriptive statistics, inferential statistics, linear regression, and econometric modeling.

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Elective Unit 3 - Corporate Real Estate Project (20 credits):

• Examines how organizations develop and implement strategic objectives.
• Applies relevant concepts and techniques to solve problems in a project environment.
• Explores the development of business-focused real estate strategies.

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Assessment:

The program is assessed through a variety of methods, including:

• Essays
• Report writing
• Project portfolios
• Presentations
The majority of assessment is based on individual work, with an element of collaborative project work.

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Teaching:

The program is delivered online using the University's virtual learning environment. Students have access to:

• Study materials
• Online resources
• Interactive online tutorial discussions with the module tutor and other course participants
• The University's library, with more than 25,000 electronic journals and 400,000 electronic books
Teaching methods include:
• Short video introductions to each topic
• Webinars
• Podcasts
• Tutor-developed interactive written material
• Case studies
• Directed reading
• End of topic self-test questions
• Discussion boards, wikis, and blogs
Guest contributors and lecturers with current industry experience ensure a strong connection between theory and practice.

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Careers:

Upon completion of the program, graduates will be equipped to pursue a variety of careers in the real estate industry, including:

• Environmental management and consultancy
• Urban planning and design
• Real estate development
• Urban and regional development policy
• Central and local government
• International development
• Energy and water

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Other:

• The program is accredited by the Royal Institution of Chartered Surveyors (RICS).
• Students have the opportunity to network and study alongside a global community of learners working in the Real Estate industry.
• The program is taught by leading academics with a wealth of experience teaching real estate practice.
• The program is designed to support working professionals who would like to study part-time.
• The flexibility of the program allows students to study alongside their other commitments and gain a University of Manchester qualification from anywhere in the world.

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The advertised fee covers your tuition. Tuition fee discounts Early application discount (10%): Apply on or before 24 June 2024 to receive 10% reduction on your tuition fee. To be eligible, you will need to submit a complete application on or before 24 June 2024 and if offered a place, you will need to accept your offer within two weeks from the date of the offer. Alumni discount (15%): One-discount policy: Discounts and scholarships are not accumulative. If you qualify for more than one, you will be awarded the one that is the highest amount. Employer funding Payment by instalments During registration you will have the opportunity to pay your fees in three equal instalments. Learn more. Postgraduate loans (UK/EU) Funding for students with disabilities Policy on additional costs All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application.