Real Estate Investment- Period 1

A large part of the national capital stock consists of real estate. Most of it is located in cities. Within cities there is a concentration in a small number of centers and subcenters. The built environment is the result of past and current investments in real estate and the course introduces you into its analysis. After a general introduction that emphasizes the important role of real estate in the (urban) economy, the basics of real estate valuation (yield, DCFM), land use policy and housing market policy (including the specifics of the Dutch situation) will be discussed. We will study residential as well as commercial markets (offices, shops, industrial real estate). Attention will be paid to the interplay between economic and planning issues in the generation of new real estate in residential and commercial areas. We will analyze the financing of real estate investments by studying their structure (organizational forms and joint ventures), to the secondary mortgage markets and to real estate investement trusts (REITs).

Contact hours listed under a course description may vary due to the combination of lecture-based and independent work required for each course therefore, CEA's recommended credits are based on the ECTS credits assigned by VU Amsterdam. 1 ECTS equals 28 contact hours assigned by VU Amsterdam.