Home > Study > Graduate > Taught Programmes 2016 > MSc Real Estate Economics and Finance

MSc Real Estate Economics and Finance

About the MSc programme 

This programme is based in the Department of Geography and Environment but involves collaboration with the Departments of Accounting, Finance and Economics and offers the following benefits:

  • Study in a Department with a strong group of applied urban and real estate economists and land use specialists situated in the only UK university devoted solely to the social sciences.
  • Our master's programme focuses on developing graduates' ability to integrate theoretical developments with practical experience.
  • Master's students are drawn from a range of disciplinary and national backgrounds and join a vibrant community of over 200 graduate students studying graduate courses within the Department.
  • This is an academic programme but it benefits from a partnership agreement with the Royal Institution of Chartered Surveyors, RICS, conferring professional recognition. In addition, the Investment Property Forum, IPF, has included the programme on their selected list of graduate courses that the forum considers to provide the relevant skills necessary for those operating in the property investment market. This recognition comes with a number of benefits for our master's graduates. Graduates of the MSc REEF will be offered a fast-track membership to the forum.

This MSc will appeal if you wish to work, or are already working, in a specialised area relating to property and urban analysis (including research), real estate finance or investment analysis. You should have good analytical, quantitative and technical skills. A thorough grounding in economic analysis, at a level equivalent to a joint degree at least, is a normal requirement for entry.

If you do not hold an honours degree from a UK university you should submit a GRE General Test score with your application that has been taken within the last five years and include your test scores on your application form. (You may also submit a GMAT score, but GRE is preferred). Please see lse.ac.uk/admissionsEnquiries for more information. We do not require a specific mark but we do typically expect candidates to score in the top ten percentile in the overall test. However, other qualifications and relevant work experience will be taken into consideration. We recognise that if your first language is not English the test will present special difficulties and we view your score on that basis.

Programme details

The programme integrates current academic analysis and research with an applied study of real estate markets and finance. This is done mainly in a European and North American institutional setting. Minimum teaching contact for a full unit course is usually 40 hours, and 20 hours for a half unit.

Compulsory courses

(* half unit)

  • Real Property Market Practice* provides an examination of how real property markets operate in practice and of the analytical techniques and data available for analysts and practitioners.
  • Applied Urban and Regional Economics provides a theoretical and empirical understanding of urban economic processes and price determination in land and real property markets within an institutional context.
  • Real Estate Finance* examines concepts and techniques for analysing financial decisions in real estate development and investment.
  • Either Asset Markets A* covers the fundamental concepts and tools underlying the asset markets side of modern finance or Finance I* is a first course in financial analysis for students with a basic knowledge of management.
  • Dissertation.

Students will be expected to choose a relevant half unit course from a range of options, subject to regulations and agreement of the programme director.

Students may also choose Corporate Finance and Asset Markets instead of one of the following two combinations: (optional) MSc level half unit course plus Asset Markets A* or (optional) MSc level half unit course plus Finance I*. The half unit course Asset Markets A* cannot be combined with the half unit course Finance I*.

If you are planning to apply for a PhD within the Department, please be advised that you need to take some methods training as part of the MSc. Contact your MSc programme director and the Director of Graduate studies to discuss this requirement.

You can find the most up-to-date list of optional courses for MSc Real Estate Economics and Finance in the Programme Regulations section of the current School Calendar.

You must note however that while care has been taken to ensure that this information is up-to-date and correct, some circumstances may cause the School to subsequently change, suspend or withdraw a course or programme of study, or change the fees that apply to it. The School will neither be liable for information that after publication becomes inaccurate or irrelevant, nor for changing, suspending or withdrawing a course or programme of study due to circumstances outside of its control. You must also note that places are limited on some courses and/or subject to specific entry requirements. The School cannot therefore guarantee places on its courses. You should visit the School's Calendar, or contact the relevant academic department, for information on the availability and/or content of courses and programmes of study. Certain substantive changes will be listed on the Updated graduate course and programme information page.

Graduate destinations

Our MSc graduates enter a wide variety of employment including professional firms, finance, real estate research, consultancy, the public sector and education.


Application code: L8U3 (check availability)

Start date: 22 September 2016

Duration: 12 months full-time, 24 months part-time

Intake/applications in 2014: 42/290

Minimum entry requirement: 2:1 with background in economic analysis, and good analytical, quantitative and technical skills (see entry requirements)

English requirement: Standard (see English requirements)

GRE/GMAT requirement: All graduates of non-UK institutions must submit a GRE score (preferred) or GMAT score

Fee level: £20,736

Financial support: Graduate Support Scheme (see Fees and financial support). MSc Real Estate Economics and Finance is accredited for ESRC funding as part of a four-year award

Application deadline: None – rolling admissions. For consideration for ESRC funding: 11 January 2016

Note: Offers fast-track membership to the Investment Property Forum, and accredited by the Royal Institution of Chartered Surveyors

A photo of Tero Konttinen, an LSE student