Real Estate Planning and Development
Department of Urban Studies and Planning,
Faculty of Social Sciences
This course focuses on providing you with the knowledge and skills necessary to succeed in this important area of surveying.
It combines both property valuation and management knowledge with skills in planning and regeneration to allow you to gain a full perspective not only on the physical aspects of the built environment, but the social and environmental aspects as well. It is designed for students from a wide range of academic and professional backgrounds, who wish to specialise in this growing area.
The MSc Real Estate Planning and Development typically includes a field trip to London where students meet major industry players to observe and examine how London’s commercial real estate markets operate. This work is linked to our module on Real Estate Economics. The field trip generally takes place in November, in the run up to the deadlines for job applications to the major industry employers and we meet industry professionals and find out more about what it is like to work for them.
In previous years, contributors have included: JP Morgan Chase, M&G Real Estate, Argent LLP, Schroders, AEG Europe, Allsop, BNP Paribas, CBRE, Deloitte Real Estate, Fidelity Investments, Gerald Eve, Grosvenor, INVESCO, MSCI, KASPAR Associates, Land Securities, PPR (Property Portfolio Research, CoStar), PruPIM (Prudential Property Investment Managers), RBS, RICS, and Savills.
Accredited by the Royal Institution of Chartered Surveyors (RICS).
The focus of the first semester is on the acquisition and understanding of core knowledge and skills.
- Applied Real Estate Valuation
Students studying this module will be introduced to the five methods of valuation that form the basis for working in the profession. Basic financial maths will be introduced and applied using client-related scenarios. At this stage learning is also supported by a bespoke online valuation tool. Lectures will provide introductory examples and students will be able to practice using weekly problem-solving tasks and tutorials/help-sessions. Linked to the lectures, professional employability skills will be further developed through the coursework that, firstly, focuses on providing advice to a client through the production of a valuation report and, secondly, requires students to consider the ethical dimensions of professional surveying practice and the rules of professional conduct.15 credits
- Real Estate Economics
This course is concerned with the economic analysis of real estate markets. It examines the economic characteristics of property and the way in which these impact on the structure and operation of the property market. It also examines the functional divisions within the property market: use, investment and development and their interactions; and the role of property in the local, regional and national economy.15 credits
- Research Methods
This module aims to develop core knowledge and skills required to undertake research in planning, housing, urban design and real estate. It provides grounding in the design of research projects, linking this to both underlying principles (intellectual and ethical) and the choice of methods for data collection and analysis. The emphasis is on engendering an understanding of the research design process, rather than on training in specific methods, and so forms a critically important part of the initial preparation for the Masters dissertation.15 credits
- Perspectives on Spatial Planning and Development
This module is seen as core in developing initial knowledge and understanding of planning and urban development. It critically explores the role of spatial ideas in planning policy and practice and plays a key part in developing critical skills and understanding of different contexts and environments relevant to that practice. The module covers urbanisation in a range of contexts and examines how spatial planning seeks to respond to key economic, environmental and social challenges.15 credits
The second semester focuses on the development, application and integration of knowledge and skills.
- Real Estate Development
The module explores the structure and behaviour of the development industry; the real estate development process and its various stages and activities; and the roles and objectives of the actors involved in the process. In particular, it considers those factors that affect development profitability and the techniques used by developers to decide whether to pursue particular schemes.15 credits
- Planning Law
The course is intended to give students an expertise in the legal framework for the planning system and to set that legal framework within the wider context of law in the United Kingdom. It considers the origins of planning law and seeks to provide explanations for the powers that the law confers on decision makers. The course focuses particularly on the development control aspects of planning law and looks at the rights and duties of applicants, local authorities and the Secretary of State in making and determining planning applications. It considers the criteria for decision making and the possibilities for the redress of grievance. It considers planning law in the light of wider discussions about human rights and planning gain.15 credits
Optional modules - two from:
- Transport Planning
This module will provide students with an introduction to transport planning and policy. The module develops students' ability to think critically about the framing of transport policy using UK transport planning as an example. It will focus on how planners in localities give shape to effective transport strategies, which balance a range of environmental, social and economic objectives.15 credits
- Investment Valuation
This module builds on the principles of valuation introduced in the Autumn Semester and enables students to develop in-depth specialist knowledge of the investment method of valuation. It therefore focuses on the valuation of commercial real estate investments (office, retail and industrial property), both on a freehold and leasehold basis, for a variety of investment purposes. You will learn to deal with a variety of valuation scenarios by developing and using spreadsheets and provides a further opportunity to prepare a professional valuation report for a client.15 credits
- Law of Business Leases
The aim of the module is to introduce and explore pertinent aspects of the legal system relating to commercial and business leases. The module covers areas essential to the work of the surveyor involved in managing assets and the built environment. It thus enables students to develop abilities in offering professionally defensible legal surveying advice.15 credits
- Mega Urban Projects
In many cities nowadays, mega urban projects such as mega events like the Olympic Games or Central Business Districts like Canary Wharf are seen as an effective means to boost the local economy and to promote the city on a global scale. However, many of them often fail to contribute to the local economy whilst having detrimental impacts on local residents and the wider society. This module offers an in-depth understanding of the development processes and outcomes of large-scale urban projects by exploring aspects of why such projects are developed, how they are governed and their socio-economic impacts.15 credits
- Issues in Housing
The aims of the module are twofold: to build both on substantive knowledge, theory and skills about housing gained in earlier parts of both the UG and PG courses, with an emphasis on policy analysis; and to look more closely at the links between housing and planning (in its widest sense) at the local and regional level.15 credits
- Health, Wellbeing and the Built Environment
This module explores the built environment as a determinant of health and well-being and examines how planning and urban design can contribute to improvements in health. Beginning with an exploration of the historic relationship between planning and public health, the module focuses on how the built environment supports or undermines health in relation to mental health, ageing, obesity, air quality and noise pollution. The module also introduces the notion of health impact assessment and further reflects on the contribution of planning to environmental justice and the reduction of inequalities in health.15 credits
- International Real Estate Market Analysis
This module will provide a comprehensive introduction to key concepts and approaches to the analysis of international real estate markets. This module makes a simple operational distinction between mature, emergent and transitional markets as a first step towards a systematic framework for analysis. It gives an introduction to specific real estate markets and the ways in which they function, and offers generalizable conclusions about the wider operation of global real estate markets. Students will develop knowledge and understanding of global political economy as a context for interpreting real estate markets.15 credits
- GIS for Built Environment Professionals
This module aims to introduce key Geographical Information Systems (GIS) principles and techniques to students in fields where GIS is becoming an increasingly relevant tool. The focus is on enabling students to develop an understanding of the potential of GIS and some fundamental GIS skills, through a series of workshops using a range of common software. Assessment is through a written report incorporating visualisations and analysis.15 credits
- Transport and Connectivity
This module provides students with an introduction to GIS network and connectivity analysis as it applies to debates in the field of transport planning. The module develops students' ability to apply geospatial techniques to transport and network connectivity challenges and to think critically about how these techniques can be used to understand spatial mobility in complex urban environments. The module is taught in a series of lectures and inter-related computer workshops focusing on real-world data and policy problem scenarios.15 credits
- Citizen Participation in Planning and Development
Recent decades have seen a proliferation of initiatives to involve citizens in policy-making, planning and urban governance. There is widespread agreement that ‘citizen engagement’ can play a positive role in democratizing urban development. However, public participation raises a range of significant challenges for urban professional practice. This unit will draw on critical debates about the roles citizens and publics can and should play in shaping the city to reflect on the theory and practice of participation. The module is taught through lectures, seminars and workshops which structure learning, and help students to research case studies of participatory initiatives.15 credits
You will complete your dissertation over the summer.
This is a core module which allows students to develop and manage an individual research project. The module aims to help students to develop and apply research skills and an appreciation of the issues involved in managing a research project; to develop an understanding of the role of research in relation to theoretical and practical dimensions of the chosen discipline; and to further and deepen knowledge in their chosen field of planning, real estate, urban design, development, or related interests.60 credits
The content of our courses is reviewed annually to make sure it's up-to-date and relevant. Individual modules are occasionally updated or withdrawn. This is in response to discoveries through our world-leading research; funding changes; professional accreditation requirements; student or employer feedback; outcomes of reviews; and variations in staff or student numbers. In the event of any change we'll consult and inform students in good time and take reasonable steps to minimise disruption. We are no longer offering unrestricted module choice. If your course included unrestricted modules, your department will provide a list of modules from their own and other subject areas that you can choose from.
There are lectures, seminars, computer workshops and tutorials.
You’re assessed on your coursework and a dissertation.
1 year full-time
The employability of our graduates is of paramount importance to us. The development of skills, knowledge and personal attributes that enhance your career underpins our programme design. We have a dedicated Employability Manager, Amy Woolley, to support you. We’ll prepare you for employment after graduation.
For UK students, the usual entry requirement is a 2:1 degree or evidence of equivalent achievement (for example, a professional qualification combined with work experience).
We will consider your application if you have a 2.2 degree but we would expect you to have evidence of work experience or other relevant activity.
Overall IELTS score of 6.5 with a minimum of 6.0 in each component, or equivalent.
If you have any questions about entry requirements, please contact the department.
Fees and funding
You can apply for postgraduate study using our Postgraduate Online Application Form. It's a quick and easy process.
+44 114 222 6900
Any supervisors and research areas listed are indicative and may change before the start of the course.
Recognition of professional qualifications: from 1 January 2021, in order to have any UK professional qualifications recognised for work in an EU country across a number of regulated and other professions you need to apply to the host country for recognition. Read information from the UK government and the EU Regulated Professions Database.