Program Overview

Introduction to AI2102 Real Estate Market Analysis and Development

The AI2102 Real Estate Market Analysis and Development course is a 7.5-credit program designed to provide students with knowledge of theories behind market analysis methods used by real estate firms. The course aims to equip students with the necessary skills to succeed in dynamic work environments, understand issues and problems facing the real estate industry, and develop an appreciation for leading-edge research used to solve problems in real estate markets.

Course Objectives

The course objectives include:

• Identifying the criteria for determining the appropriate level of market analysis
• Determining if a site meets physical, regulatory, and environmental requirements
• Discussing various theories or models of urban growth and their relation to real estate market analysis
• Recognizing macro determinants in equilibrium, cyclical patterns in the real estate market, and the relationship between the national business cycle and the local real estate cycle
• Delineating a market area, identifying and collecting market data needed to evaluate supply, demand, and quantify the market gap
• Analyzing the financial feasibility of development, measuring cash flows, costs, loans, profits, etc.

Course Contents

The course covers market analysis and development of housing and real estate markets from an international perspective, with special emphasis on the US and Swedish experiences. Through case studies, students will identify stakeholders of real estate projects, including developers, clients, local government, taxpayers, and special interest groups.

Literature and Preparations

Specific prerequisites for the course include eligibility to the master program in Real Estate and Construction Management. Required literature includes:

• Market Analysis for Real Estate, Fanning, Appraisal Institute (Chapters 1-13)
• Niching in Residential Development, K Psilander

Examination and Completion

The course grading scale includes A, B, C, D, E, FX, F. Examination components consist of:

• ÖVN1 - Coursework, 3.0 credits, grading scale: P, F
• TEN1 - Examination, 4.5 credits, grading scale: A, B, C, D, E, FX, F Requirements for the final grade include passing the examination and coursework.

Ethical Approach

The course emphasizes an ethical approach, where all members of a group are responsible for the group's work. Students must honestly disclose any help received and sources used in assessments. In oral assessments, students must be able to present and answer questions about the entire assignment and solution.

Further Information

The course is offered by ABE/Real Estate Business and Financial Systems, with the main field of study being The Built Environment. The education cycle is Second cycle. Registered students can find further information about the course implementation in the course room in Canvas.