REMF49-Real Estate Development: Process, Practice and Appraisal

Module Provider: Real Estate and Planning
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2020/1

Email: p.m.mcallister@henley.reading.ac.uk

Type of module:

Summary module description:

The module aims to provide students with an understanding of: the nature of the real estate development process including the activities, agencies, events, relationships, skills and tasks involved; the factors which influence the process and its outcomes; and the types, characteristics, utility and quality of buildings and schemes. The module also explores the methodologies involved in the appraisal and financing of development projects.

Aims:

The module aims to provide students with an understanding of: 

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  The nature of the real estate development process, including the activities, agencies, events, relationships, skills and tasks involved. 

  
  


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  The importance of the different actors in the real estate development process and the means by which they achieve their goals.

  
  

Assessable learning outcomes:

Upon completion of this module, students should be able to: 

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  Understand the nature of and influences on real estate development;? 

  
  


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  Analyse the varied facets of the real estate development process, including the activities, elements, skills and participants involved;

  
  


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  Appreciate the nature and role of site evaluation, market research, development finance, and risk in real estate development;

  
  


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  Understand a range of approaches to real estate development appraisal techniques and use them to assess the viability of development projects.

  
  

Additional outcomes:

Outline content:

The module consists of a range of topics on development processes and appraisal, including:

  

- Development and developers 

 

- Models of the development process 

 

- Scheme conception and site evaluation. 

 

- Risk in real estate development 

 

- Land valuation and financial feasibility analysis

Brief description of teaching and learning methods:

The course will comprise lectures, in-class tutorials and problem-solving workshops.

Summative assessment- Examinations:

Three hour exam

Summative assessment- Coursework and in-class tests:

Formative assessment methods:

Penalties for late submission:
Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx

Assessment requirements for a pass:

The pass-mark for this module is 50%.

Reassessment arrangements:

Reassessment will be by the same method as for the module’s original assessment requirements, subject to variation by the Examination Board where appropriate.

Additional Costs (specified where applicable):

Last updated: 4 April 2020