Real Estate Investment

2018-2019
Dit vak wordt in het Engels aangeboden. Omschrijvingen kunnen daardoor mogelijk alleen in het Engels worden weergegeven.

Doel vak

After taking this course students:
- know the main characteristics of the stock of real estate
- know the principles of Dutch land use planning and housing policy
- know the essentials of real estate valuation
- know the main characteristics of the construction industry, real
estate markets and related financial markets
- are able to analyze the aforementioned issues from an economic
perspective
- are able to analyze the main features of real estate investments both
at the property and portfolio level

Inhoud vak

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).

Onderwijsvorm

Lectures, tutorials

Toetsvorm

Written exam (75%), assignments (25%).

Literatuur

William B. Brueggeman and Jeffrey D. Fisher ‘Real Estate Finance and
Investments’ McGraw-Hill, 760 blz.
Barrie Needham 'Dutxh Land-use Planning' Routledge, 236 blz

Algemene informatie

Vakcode E_EBE3_REI
Studiepunten 6 EC
Periode P1
Vakniveau 300
Onderwijstaal Engels
Faculteit School of Business and Economics
Vakcoördinator dr. F. Hamelink
Examinator dr. F. Hamelink
Docenten dr. F. Hamelink
prof. dr. J. Rouwendal

Praktische informatie

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Werkvormen Hoorcollege, Werkgroep
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