• Post category:StudyBullet-14
  • Reading time:6 mins read


A game-changing course that draws upon principles of economics, real estate development, finance and valuation technique

What you will learn

Develop insightful knowledge about real estate that will impress interviewers, business partners, employers, colleagues, friends.

Gain strategic views about real estate investment that will inspire real estate investing approach and opportunities finding, whether for a personal portfolio

Develop an intelligent investor’s mindset, in real estate and other financial assets.

Gain critical thinking skills to dig deep into the surface of events and phenomenon that will benefit both professional and personal lives.

Description

This is a short course that teaches you to think strategically as a real estate investor. The course draws upon principles of economics, real estate development, finance and valuation techniques. It will inspire you to look at real estate differently at a high level in order to spot trends and identify cycles. This is quite a short course that touches quite many technical topics so it does not deep dive into many technical aspects but teach you to think holistically and strategically as a real estate investor or developer. You will learn about real estate as an asset class in a macro economic context, urban economics and land use, demand and supply analysis, real estate cycle, development processes and risk, conducting financial feasibility analysis, real estate finance principles, valuation methodologies and more. This course is a lot more than a technical course since there are already many courses teaching the technical aspects of real estate finance and investment. Real estate finance and investment is a very technical topic that can take years to learn. What this course aims to teach is to dissect the underlying principles of real estate finance, investment and valuation. For example, rather than simply teaching the formulas to value real estate assets, the course deep dives into the underlying economic principles behind the formula, the thought process of behind the appraisal methodology. One of the core topics of the course is the property market cycle, the relationship between property and economic cycle and what indicators to look for when analysing property cycle. Rather than looking at the surface of each event, the course inspires you to dig deep into why things are the way they are- e.g the course answers questions such as why property prices in overheated market such as London remain sticky and developers refuse to reduce prices even when all the evidence point towards a market downturn. The course teaches you to be an insightful, deep, strategic thinker and intelligent investor.


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English
language

Content

Real Estate as an asset class in a macro context

Key trends in real estate
Urban development and land use
Inflation and real estate
Property as an asset class compared to equities and gilts
Macro economic analysis
Demand analysis
Supply analysis
Supply and demand reconciliation
Property market cycle- UK example
The relationship between property cycle and economic cycle
Indicators to analyse and predict real estate cycle

Real Estate Development

What do developers do?
Two questions to approach real estate development
Sources and uses of capital
Development risk
The bidding market for development land
Development process- Introduction
Concept and site finding
Feasibility Analysis- Site evaluation
Feasibility Analysis- Building a pipeline
Financial feasibility and site acquisition
Outline planning application
Financing
Design stage
Detailed planning application and final stages
Development appraisal
Development in real estate cycle

Real Estate Valuation

Purpose of valuation
What affects value in the property market
Valuation challenges
Valuation introduction
Sales comparison approach
Cost approach
The income approach

Real Estate Finance

Debt and equity
Term sheet
Development loan
Lenders’ metrics
Development entity and financing structures