Home > Department of Geography and Environment > Study Here > Graduate programmes > MSc Real Estate Economics and Finance
How to contact us

Department of

Geography & Environment
London School of Economics & Political Science
Houghton Street
London WC2A 2AE


Programme administrator

Laura Rozario
Tel: +44 (0)20 7955 6061
Email: l.rozario@lse.ac.uk


Programme Director:
Dr. Christian Hilber


Video introduction to the MSc Real Estate Economics & Finance:


Graduates of this programme will acquire significant theoretical and technical knowledge to equip them to understand urban economic processes, price determination in land and real property markets, and their interrelation with investment markets, investment analysis and portfolio choice and the impact (including the impact on land and property prices) of regulations, transport, public policy and socio-economic change.

This course treats real estate and real estate finance as a particular application of a general body of knowledge, unlike professional courses currently available in Britain and Europe. Real estate is approached by means of a rigorous exposition of relevant analytical and quantitative tools rather than introducing theory as a supplement to the practice of real estate professionals. For instance the half course in Real Property Market Practice does not set out to teach what practitioners do for its own sake. It examines that practice more to help understand how real estate professionals, as market intermediaries using their habitual tools, may influence market outcomes and portfolio choice.

View the programme structure with links to course content and preliminary reading. Note that not all courses are offered every year.

The students

REEF staff and students 2014

Some programme graduates go on to do academic research. Most work in real property research or property finance, as investment analysts or as consultants. Applicants might already work in these sectors but wish to upgrade their technical skills and analytical insight.  For more information, see MSc REEF graduate destinations and careers.

Applications are welcome from those who might wish to do the course over a two year period on a part time basis. Applicants who are not graduates of a British University should submit either a GRE or GMAT score. The GRE is preferred.


Graduates of the Department have excellent career prospects
. The most recent data, for 2012/13, shows that 6 months after graduation Department of Geography & Environment MSc students achieved an average starting salary of £26,600, with 93% engaged in employment or further education. LSE produces outstanding graduates, and you can be sure that choosing to study with us will shape your future.


Statistics taken from the DLHE (Destinations of Leavers from Higher Education) survey, overseen by the Higher Education Statistics Agency for the UK Government and sample at least 80% of UK graduates and at least 50% of non-UK graduates.


Gabriel Ahlfeldt

Gabriel Ahlfeldt

Research interests: Empirical research; new urban economics; new economic geography; accessibility; building design quality; spatial economics; cultural & media geography.

Paul Cheshire

Paul Cheshire

Research interests: The spatial applications of economics; urban policy; growth and territorial competition; urban land and housing markets and the economic consequences of land use regulation.

Christian Hilber

Christian Hilber

Research interests: Location theory and urban economics; the benefits and the costs of decentralization, real estate economics and finance.

Steve Gibbons

Steve Gibbons

Research interests: Quantitative methods and econometrics; geography and economics of education; local interactions and neighbourhood effects; labour markets.

Olmo Silva

Olmo Silva

Research interests: Economics of Education; Entrepreneurship; Issues in Productivity; Applied Growth; Applied Microeconometics.

Henry Overman

Henry Overman

Research interests: Location theory and urban economics; models of the economic geography of cities and regions; national and European regional policy.


Apply for this Programme online.

Programme Director: Dr. Christian Hilber







MSc Real Estate Economics and Finance