KA7010 - Property Markets, Investment and Finance

What will I learn on this module?

The module has been developed in partnership with regional, national, and international practitioners to authentically reflect the real life demands and challenges faced in the contemporary real estate sector, with a particular focus on stranded assets and divestment strategies. Practitioners work in partnership with staff, co-teaching the module in a live learning conversation with the real estate industry. You will learn about and examine the global economics of real property in the context of markets, cities, investment, and finance. The module aims to evaluate concepts of global property market economics, investment and finance and analyse their application to inter-related markets in real estate. These will include the behaviour of occupiers, investors, financiers, developers, and contractors. You will be introduced to a range of economic principles relevant to global commercial real estate markets, and develop an understanding of real estate investment finance. You will appraise global real estate investment assets and their performance from the perspective of a range of stakeholders and investor types. The module will enable you to recognise the crucial role of the investment sub-market within the wider property market, and how it influences real estate activity, development, and values.
Indicative syllabus:

• Global Real estate markets and interaction with the economy
• Property cycles and demographics
• Urbanisation and the future city
• Stranded assets and contemporary concerns with environment, social and governance objectives
• Real estate investment markets
• New property technology and market disruption
• Infrastructure and real estate
• Regulating property markets
• Real estate investment yields, measuring returns and risk
• Real estate compared to other investment asset classes
• International investment and capital markets
• Financialisation
• Direct and indirect real estate investment vehicles
• Real estate portfolio diversification
• Real estate finance, real estate as collateral for debt
• Future trends in real estate investment and finance

How will I learn on this module?

You will be taught using a series of lectures and seminars that will progressively develop the topic from theoretical principles to practical examples. Lectures will be used to communicate key concepts and theories in partnership with the practitioner community; whilst a range of seminar activities will be used to apply and analyse material relevant to your assessmentGuest lectures will be organised in conjunction with property investment practitioners and organisations to provide further insight into the discipline. The module assessment will consolidate the lecture and seminar material and enable you to apply your knowledge and understanding to an investment appraisal exercise reflective of current professional practice. These activities and assessments combined will challenge you to develop deep understanding of theories and concepts and apply them to analyse current issues in property economics, investment, and finance, whilst integrating your learning across the syllabus.

How will I be supported academically on this module?

You will have access to a wide range of learning resources and guidance for both directed and independent learning, facilitated by use of the Electronic Learning Portal:
Support will include feedback from tutors during small-group seminars and tutorials. In addition, tutors will respond to questions via the module’s discussion board at the University’s eLearning Portal so that the whole group can benefit. All learning materials from lectures and seminars will be accessible via the eLearning Portal, as well as additional support material, such as articles and publications, relevant to each module. Feedback provided on summative assessments will enable you to refine and improve your knowledge and understanding of the subject area and enable you to engage with increasingly sophisticated topics as the module progresses.
Focused academic support coupled with timely formative and summative feedback should enable you to meet your full academic potential within this module.
You will also have access to a range of resources, data sets, and databases via the University Library catalogue and ‘Skills Plus’ repository, and you will also be provided with access to subscription only resources such as Egi and the CoStar Suite

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

What will I be expected to achieve?

Knowledge & Understanding:

1. You will appreciate the complexity of the macro- and micro-economic factors influencing global real estate markets, including trends and cycles and how real estate sub-markets interrelate.
2. You will understand the investment characteristics of different forms of real estate vehicles in the context of the wider investment market

Intellectual / Professional skills & abilities:

3. Analyse and evaluate alternative investment strategies and methods of portfolio diversification by different types of investor, from individual to institutional.
4. Critically analyse the characteristics and performance of alternative investment assets in comparison to direct and indirect property investment vehicles

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):

5. Demonstrate the capacity for independent, evidence based thinking and decision making

How will I be assessed?

a Summative assessment and rationale for tasks

The summative assessment will be in 1 part .

Coursework 1: 20 minute Investment Pitch (delivered as an advice presentation and accompanying portfolio transition appraisal - each representing 50% of the assessment mark) designed to provide you with an opportunity to develop an understanding of the different aspects and theories of the property market and apply them by researching a specific international market and pitching an investment strategy. The transition proposal will be an XLS sensitivity analysis that demonstrate the risk and return potential of you advice.

This assessment will address MLO1-5

b. Additional formative assessment

Formative feedback will be provided by teaching staff during seminar activities and tasks that will enhance learning and understanding of the module topics, and will contribute to understanding of the assessments. Each workshop session will actively help scaffold the summative assessment (an assessment template is also available alongside exemplar work), working in partnership with the teaching team to engage with each aspect of the mark scheme.

c. Indication of how students will get feedback and how this will support their learning

Detailed written summative feedback will be provided for each piece of assessed coursework.





Module abstract

This module aims to develop your understanding of the economic and business environment within which built environment professional disciplines operate. Topics explored include: the interrelationship between the business cycle; the interrelationship between the submarkets of the wider property market; the macro- and micro-economic factors that impact and influence the real estate investment market; understanding risk and how it is managed to maximise real estate investment returns; portfolio strategy and diversification; the characteristics and performance of investment assets and how they interrelate and impact on direct and indirect real estate investment assets; globalisation and international property markets. Learning materials are delivered in lectures and seminars and are available online via the electronic Learning Portal, and are supported by tasks to extend, consolidate, and test your knowledge and understanding. Assessment is through 1 piece of coursework that is supported by a module specific approach to research rich learning centred around the contemporary phenomena of stranded assets. This approach provides you with a contextual framework that you then actively apply to markets and organisations operating within the built environment. As an autonomous, self-directed learner your engagement with the module and its assessment will assist in the development of the knowledge , skills and attributes that are valued by employers.

Course info

Credits 20

Level of Study Postgraduate

Mode of Study 1 year Full Time
2 other options available

Department Architecture and Built Environment

Location City Campus, Northumbria University

City Newcastle

Start September 2024

Fee Information

Module Information

All information is accurate at the time of sharing. 

Full time Courses are primarily delivered via on-campus face to face learning but could include elements of online learning. Most courses run as planned and as promoted on our website and via our marketing materials, but if there are any substantial changes (as determined by the Competition and Markets Authority) to a course or there is the potential that course may be withdrawn, we will notify all affected applicants as soon as possible with advice and guidance regarding their options. It is also important to be aware that optional modules listed on course pages may be subject to change depending on uptake numbers each year.  

Contact time is subject to increase or decrease in line with possible restrictions imposed by the government or the University in the interest of maintaining the health and safety and wellbeing of students, staff, and visitors if this is deemed necessary in future.


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