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 programme structure with links to course content and preliminary reading. Note that not all courses are offered every year.
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Please note that due to the high demand for places on the MSc REEF programme, those accepted on to the MSc REEF course will not normally be granted a programme transfer. If you do not intend to follow the programme you must withdraw or transfer your application prior to arriving at the start of term.
The students
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.
The course teachers
Gabriel Ahlfeldt
Research interests: Empirical research; new urban economics; new economic geography; accessibility; building design quality; spatial economics; cultural & media geography.
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
Research interests: Location theory and urban economics; the benefits and the costs of decentralization, real estate economics and finance.
Steve Gibbons
Research interests: Quantitative methods and econometrics; geography and economics of education; local interactions and neighbourhood effects; labour markets.
Olmo Silva
Research interests: Economics of Education; Entrepreneurship; Issues in Productivity; Applied Growth; Applied Microeconometics.
Henry Overman
Research interests: Location theory and urban economics; models of the economic geography of cities and regions; national and European regional policy.