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Masters in Real Estate and Planning

Masters in Real Estate (Flexible)

Develop your career in the real estate sector with this flexible and RICS accredited Masters programme.

At a glance

  • Start the programme from either September or February
  • Delivered on a part-time block release basis
  • Fully accredited by the Royal Institution of Chartered Surveyors (RICS)
  • Choose from a range of modules to suit your individual interests
  • Apply you work experience to the course content
Level
Masters
Subject area(s)
Real Estate & Planning
Award
MSc
Duration
Flexible
Attendance
Flexible
Programme Director
Steven Devaney 75edwqcmv
Dr Steven Devaney

This flexible Masters programme will give you the specialist skills and knowledge of the real estate sector in the UK and internationally.  Drawing on your work experience, it provides a framework that will enable you to understand and undertake real estate analysis. The MSc in Real Estate (Flexible) is accredited by the Royal Institution of Chartered Surveyors.

A suite of modules provides the core knowledge in areas such as investment appraisal, economics, corporate finance, financial institutions and law. You can then select a range of optional modules to broaden the skills in your particular areas of interest. You will develop your report writing, oral presentation and research skills that are applicable to a range of future career paths.

You will build you academic knowledge of the real estate sector and develop your career prospects while remaining in employment. You can also spread your degree over a number of years to accommodate your work commitments. 

Timetables and FAQs

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Real Estate & Planning

Our School is the largest in the UK for teaching and research in real estate and planning. Established in 1968 at the University of Reading, we are the only major UK real estate and planning centre to be located within a business school. Being part of the Henley Business School reflects our close and longstanding collaborative relationship with industry.

We enjoy a worldwide reputation for excellence in both teaching and research and we are consistently highly ranked in all major league tables. We undertake internationally recognised, leading edge research into real estate, planning and land. We offer a comprehensive range of courses, all of which are accredited by the  Royal Institution of Chartered Surveyors (RICS).

Our programmes are held in high regard by leading employers. Many of whom come to us each year to recruit our graduates. We are proud of our outstanding employment record. More than 95% of our students enter graduate-level jobs within 6-months of leaving us.

Compulsory modules

Compulsory modules Credits

Aims

  • Understand how financial issues influence decisions involving real estate within the firm.
  • Analyse the capital structure of a firm and its weighted average cost of capital.
  • Understand the problems that have to be overcome if real estate is to be treated on the same basis as other assets that are managed by companies.
  • Understand concepts of market efficiency as applied to property and the different approaches that can be taken to incorporate market perspectives into real estate management and decision making.
  • Describe the contribution of options, both real and financial, to management decision-making techniques.
  • Critically discuss the choices of target return required for real estate investments.
  • Understand the forms of financing available to real estate companies and relative costs.
20 [10 ECTS credits]

Aims:
The aim of this module is to enable students to develop understanding of the financial, technical and market context of the appraisal of investments in general and the appraisal of real estate in particular. Students will be able to understand and apply cash flow techniques for the pricing and appraisal of investments and apply these techniques to commercial real estate investments.

20 [10 ECTS credits]

Aims:
The module aims to build a solid foundation in the economics of property to provide an insight into the application of economic principles and models to property and land use.

20 [10 ECTS credits]

Elective modules

Six optional modules from a range that may include:

Optional modules Credits

Aims:
This module introduces quantitative techniques that can be applied to component modules across the MSc Flexi programme. Topics will include introductory data analysis and statistical inference, regression analysis, modelling and forecasting relationships and Monte Carlo simulations. At the end of the module students will have developed skills enabling them to substantially enhance their understanding and application of quantitative and modelling methods used in the property industry. The module will be a blend of lectures and computing workshops/group exercises using Excel and econometric software applied to real estate data.

20 [10 ECTS credits]

Summary module description:
The aim of this module is to enable students to develop a further understanding of the financial, technical and market context of the appraisal of property investments and to examine the different applications of technique to the valuation of commercial real estate in the UK. Students will understand the different roles for which valuations are needed (financial statements, bank lending security, performance measurement, sale and acquisition) and the advantages and disadvantages of various applications of technique for each role and be able to apply these different techniques within the market context of the UK.

20 [10 ECTS credits]

Summary module description:
The aim of this module is to enable students to develop understanding of the key elements of the real estate development process. Students will understand how real estate development encompasses a range of skills and knowledge derived from a number of disciplines Students will be able to apply different techniques to the financial analysis of development opportunities and critically evaluate different techniques for the pricing and appraisal of development opportunities with a particular emphasis on risk management. Students will be able to evaluate the various aspects of the feasibility of development. Students will appreciate the roles of the various ''actors'' in the development and understand the key elements of the process such as planning consent and finance, procuring construction services and design.

20 [10 ECTS credits]

Summary module description:
This module aims to provide students with a knowledge and understanding of the legal principles governing the use, enjoyment and transfer and leasehold land and to set these in their practical and commercial context.

20 [10 ECTS credits]

Aims:
This unit aims to enable students to develop their understanding of the concepts of investment strategy, portfolio selection and performance measurement and their application to real estate markets. It will develop students’ analytic capacity. Upon completion of the module, students should have a detailed understanding of key theoretical concepts in investment strategy and their application in a real estate context, be able to use statistical toolboxes for portfolio decision making, appraise critically published work in the field, and apply this knowledge to the analysis of real estate investment problems.

20 [10 ECTS credits]

Summary module description:
To acquire knowledge of the main opportunities of indirect investment in real estate. To develop understanding of the different features of real estate securities and direct investment in real estate. To understand how real estate securities are structured and priced in capital markets.

20 [10 ECTS credits]

Summary module description:

The module reviews the main sources of debt and equity funding available in real estate investment markets, presenting the implications for ownership, cash flows and rates of return.

20 [10 ECTS credits]

Summary module description:

The module will provide students with an awareness of the economic principles that underpin residential property markets and relevant government policies. Students will be able to assess the impact of different policy interventions in the housing market.

20 [10 ECTS credits]

Summary module description:

This module applies strategic management principles to corporate real estate. The subject is considered at the business strategy, the real estate portfolio alignment and the operational impact levels. It examines strategic real estate management from the corporate viewpoint having regard to the various stakeholders involved and how they interact. The different approaches to strategy and the implications of these approaches for the real estate portfolio will be examined within the context of live case studies. These case studies provide examples of how corporate real estate requirements shift in response to both strategic imperatives and the changing economic and competitive environment. In order to examine how real estate can be managed in a way that enhances rather than inhibits corporate performance. Corporate real estate management is aimed at ensuring that the real estate portfolio remains aligned with corporate business needs. This module reviews current research, innovation and practice in this subject area.

20 [10 ECTS credits]

Aims:
The module aims to provide the student with a comprehensive introduction to key issues in and approaches to the analysis of international commercial real estate markets and in particular to examine the functioning and principal characteristics of commercial real estate markets and the real estate sector, in both established and emerging markets.

20 [10 ECTS credits]

The module or course content descriptions set out on this page are correct for those being taught in the current academic year. Modules or course content marked as optional are indicative and may be subject to change.

Careers

You must be in relevant employment in order to undertake the programme. Your career prospects will be enhanced by the skills and knowledge gained on each of the modules. You will also benefit from the networking opportunities with fellow real estate professionals in the various modules.

The School of Real Estate & Planning has a worldwide reputation and a long history of providing postgraduate education in real estate. All our postgraduate programmes open up many options for employment in the real estate industry around the world.

Our alumni association, The Reading Real Estate Foundation, organise career development and recruitment events for real estate students throughout the year. These include an evening lectures series with key industry speakers, an annual Careers Fair and our highly successful Mentoring Programme which pairs students with professionals in the real estate industry.

We have a professional Careers Development Advisor, Jane Batchelor, who helps our students with every aspect of the career development process, including identifying work placement, internships and permanent career opportunities.

On graduation our students are employed by the largest and most prestigious firms including:

Real Estate Service Firms:

CBRE, Cluttons, Cushman & Wakefield, Drivers Jonas Deloitte, DTZ, Jones Lang LaSalle, KingSturge, Knight Frank and Savills

Investment Banks:

Barclays Capital, BNP Paribas, Deutsche Bank, Goldman Sachs, JP Morgan, Merrill Lynch and Morgan Stanley

Institutional Investors and Investment Funds:

Aviva, Invesco, Legal & General

Consultancy Firms:

Accenture, Ernst & Young, PriceWaterhouseCoopers and Property Portfolio Research

Investment and Development Companies:

British Land, Grosvenor, Hines, Land Securities and SEGRO

Royal Institution of Chartered Surveyors (RICS)

RICS-accreditation demonstrates a globally-recognised standard of surveying education.

This programme is fully accredited within the University of Reading - Royal Institution of Chartered Surveyors (RICS) partnership arrangement.

Royal Institution of Chartered Surveyors (RICS)

The programme is accredited within the University of Reading – Royal Institution of Chartered Surveyors (RICS) partnership arrangement

Similar to corporate training methods, our flexible courses are based around relatively short periods of intensive study which are then reinforced by your experience in practice and web-based learning materials. You will attend the University for short blocks of study when there are opportunities to experience a range of learning methods. Each module runs for either 4 or 5 days and is held from Monday to Thursday or Monday to Friday.

You are encouraged to contribute your own knowledge and experience in order to extend the learning opportunities. The flexibility of the courses means that there are no stages or parts to the degree. You work towards the Masters qualification by fulfilling requirements for 180 credits. There is also the possibility of gaining a Postgraduate Certificate (60 credits) or Postgraduate Diploma (120 credits). It is also possible to take individual modules as part of a Continuing Professional Development programme.

Our courses are designed and delivered by internationally-renowned experts, with a wealth of academic and professional experience. All of our courses are regularly updated to maintain their relevance in a rapidly changing industry.

Our students and alumni are always keen to share their Henley experience. Whether you are a prospective applicant or already applied to a Masters programme at Henley Business School. You can ask questions to a current student by clicking the “Chat to our students” button below.

When contacting one of our students, please introduce yourself and the Masters programme you have applied for.

Speak to a current student

An image of Xiaochen Guo

The programme is in line with the trend of future property market development. You are able to benefit from top educational and industry resources which is a rare opportunity to understand the real estate financial market.

An image of Olga Maria Vrochopoulou

The program was very interesting and useful for building a professional career in human resources. The professors were creating activities to better understand the theories and this was a small simulation of a professional environment.

Olga Maria Vrochopoulou MSc International Human Resource Management Masters in International Human Resource Management
An image of Jiwan Guron

A mix of theory and practical classes helped apply what I had learnt into real business scenarios was something I had not experienced before in my previous education.

Jiwan Guron MSc Business Technology Consulting Masters in Business Technology Consulting