Real Estate MSc
|Full time||1 year||Short intensive blocks||
|Part time||2 years||Short intensive blocks||
Choose Kingston's Real Estate MSc
This is an innovative degree designed primarily for people working or wanting to work in the real estate sector either in the UK or beyond who are seeking to gain a high-level education. The reflective practitioner at junior or middle-management level can study individual modules to meet CPD requirements or to enhance their academic qualifications.
The course is accredited by the Royal Institution of Chartered Surveyors (RICS) for 2014 entry. Find out more.
What will you study?
The course will enable you to develop key research and analytical skills alongside your practical competencies. By allowing flexibility in curriculum choice you can deepen your knowledge within focused areas of investment, asset management or development. You will study six modules, which have been designed to ensure that they align with the core competencies of RICS but which also allow you to pursue your individual interests through the design and execution of your own independent research project. The project culminates in the unique masters conference. There is also an international residential field trip.
Written and oral assignments, practical case studies, research project culminating in the annual masters conference.
The core modules are compulsory for the PgCert, PgDip and MSc in Real Estate. The research modules are compulsory for the MSc only.
All modules carry credit ratings with each module having a completed value of 30 credits. It is envisaged that each block of 30 credits will take a student approximately 300 hours to complete successfully. This includes all interactive and private study time, including approximately 2 x 20 hours of face-to-face tuition and the time taken to prepare the assessment materials.
- The Postgraduate Certificate can be awarded on successful completion of 60 credits.
- The Postgraduate Diploma can be awarded on successful completion of 120 credits.
- The MSc in Real Estate is awarded on successful completion of 180 credits.
Please note that this is an indicative list of modules and is not intended as a definitive list.
Fundamentals of Real Estate Strategy
This module introduces the building blocks of real estate, examining: the players in the market, supply and demand within the key sectors, investor appetite and effect of micro- and macro-economics on the property market. It looks specifically at the interaction of businesses or corporations and their need and use of buildings, the importance of the effective and efficient use of space, and how other elements such as image, design, and personnel work requirements can affect buildings. This module also provides students with a firm and critical understanding and knowledge of the principles of administrative laws, legal methods, land law and the law of obligations (both real and personal) applicable to real estate. It introduces the role of the court system, case and statute law. The nature and role of professional bodies and ethical/moral standing and rules will also be appraised. It is taught through a series of lectures and class exercises and assessment is through assignments supported by on-line support and by written materials.
Concept, Property Appraisal and Valuation (includes the international field trip)
This module aims to develop a student's understanding and critical appraisal ability over a wide range of valuation approaches and appraisal techniques commonly used in practice in the UK and overseas. International investment is growing, so knowledge of property specific cross border issues is essential. In order to cement this knowledge a week-long field trip to a major international destination will form the central focus for a major group project investigating the operations of the commercial real estate markets within a global context. Delivery of the module content will be through a series of lectures, class exercises and the field trip. Assessment is through assignments coupled with supported by on-line support and by written materials.
Research Principles and Application
This module aims to provide you with a sound grounding in research principles and methodologies that are commonly applied within the built environment. Throughout a series of lectures and seminars, supported by tutorials and exercises you are encouraged and enabled to develop your critical reasoning powers and to gain practice in researching ideas and knowledge and in the design of relevant research instruments. By the end of the module you should be confident to and capable of designing and self-initiating a significant individual piece of research relevant to your programme of study. Assessment of the module is through the execution of a literature review, a short research collection and analysis activity and the design of a research project.
This module provides the opportunity for you to undertake a piece of original work related to your own area of study, which acts as the 'capstone' project for their studies. Through investigation of an area related to your studies they will develop a theoretically informed body of work that integrates both theory and practice. It may take the form of a dissertation, a practice project, design or experiment-based project depending on the appropriateness related to the programme studied. The module is supported by a series of lectures and individual tutorials. Following the major submission students present and defend their findings in open forum at a Masters Students Conference, thereby providing them to practice skills that they will require in their subsequent professional work. Assessment is by the main submission and the oral presentation and defence.
Two option modules
Property Investment Analysis and Funding
The module develops student skills in carrying out property investment analysis with a critical understanding of discounted cash flow variables and performance measures including investment tactics. It introduces the analysis of risk within property and within a multi-asset portfolio to aid the investment decision process and the utilisation of structured finance. It critically assesses both the nature of the indirect real estate vehicles and instruments, their origins, current utilisation for diversification, asset allocation and the provision of greater liquidity in real estate. This module is delivered in short blocks of lectures, case study exercises and workshops and supported by open learning. Assessment is through group portfolio analysis, a critical essay and a cash flow analysis for a real estate investment.
Economic Sustainability and Responsible Investment
This module aims to introduce students to the key principles of sustainability: social needs and justice, economic prosperity and environmental responsibility. The module applies these concepts to the main theories of economics and investment insofar as they relate to real estate, engaging students with the current debates in the field. Through this students will develop their knowledge and critical understanding of conventional valuation and investment theory and practice. They will develop a critical knowledge and understanding of how sustainability principles, regulations, and legal and professional frameworks are impacting on investor and occupier choice, and they will learn to place these within the wider paradigms of environmental and welfare economics. The module is taught through a series of inter-active lectures and formative exercises and seminars. It is assessed through an essay, a scenario-based professional report, and a synoptic paper.
Planning and Sustainable Development
This module is an essential ingredient in the study of spatial planning and its associated decision making processes for development to proceed in the UK. There is an expectation that the legal framework, including European provisions and any pending changes providing for the implementation of the system, is critically applied and evaluated. Land and property development is closely linked with all aspects of planning so the module also enables students to understand the development process in detail from the viewpoint of developers such that they can facilitate development effectively. The way in which funding packages, development economics and the macroeconomic environment can influence development and planning, including sustainability issues, is explored by the use of case studies and practical examples, possibly involving a site visit. From the planning perspective, a practical application of decision making is delivered through the reflective evaluation of planning issues for a local case study in a written statement and the implementation of the main processes involved in a public inquiry through role play.
The majority of the world's population live in cities: a critical appreciation of their nature – past, present and sustainable future – is essential for those concerned with the built environment. The constant regeneration of cities can only be achieved by integrating well-rounded strategies that encompass the complex socio-economic systems that inhabit and create the urban environment. This module provides debate on the theoretical concepts of the City: urban, suburban and rural spatial planning contexts. It enables the evaluation and critique of the criteria which govern the evolution of future sustainable communities.
Commercial Property Practice
This module on Commercial Property Practice provides a major platform covering a core skill set of real estate activities which commercial property surveyors and practitioners are actively involved. It will explore in detail the legal, professional and technical aspects of how the real estate surveyor interacts with other professionals, clients and consumers in the owning, holding and use of commercial and mixed use land and property. The emphasis of the module through the use of seminars, lectures, support tutorials and exercises will be to gain knowledge in the subject area of commercial property practice and to apply this to a range of both academic and practical scenarios. On successful completion of the module, students will be able to combine theory and practice to critically appraise and analyse different real estate situations to provide cohesive and well researched solutions. Assessment will be through two case study exercises, a practical project and a critical assessment essay on a commercial practice area or areas.
Commercial Property & Asset Management
This module on Commercial Property and Asset Management will consider a wide range of management activities associated with real estate land and buildings. It will consider the spectrum of activities associated with developing strategic asset policies and defining and executing corporate real estate management objectives at one end of the spectrum to appreciating the detailed property and facilities management activities at the other. In particular, the module will develop a critical understanding of how the wider concepts of managing the built environment fit together from high level strategic policies and activities to the day to day activities of delivering practical and workable property and facilities management policies set against good practice guidance and leasing structures. The developing areas of how to integrate sustainable asset and property management policies will be considered in the evolving role of state policies, consumer requirements and corporate objectives.