Programme director: Ari Ekroos

The Master’s Programme in Real Estate Economics offers students a thorough education in the field with a focus on economics, law and management of real estate. The programme gives students a profound knowledge of the dynamics of real estate markets. Student will attain a holistic understanding of the phenomena related to real estate markets, and learn techniques used for the analysis and management of real estate.

The programme combines the scientific disciplines of economics, management, land management and planning to provide students with the key skills needed in the wide range of careers in the real estate sector.

Courses within the programme cover the skills and knowledge required to manage real estate throughout its life cycle. All students in real estate economics will be introduced to various valuation methods, factors that affect the value formation of real estate and the management of real estate assets. All students will also increase their knowledge on institutions relevant to real estate, such land management system, environmental legislation and the planning system, and their role in real estate markets.

In the advanced studies, the students can deepen their knowledge in several, more focused areas of real estate economics by choosing courses in e.g. real estate finance, development, business and entrepreneurship, law and land management. By completing these studies, the students enrich their understanding of the management of real estate throughout their lifecycle and of the use and development of land resources.

The programme combines theoretical knowledge with real life projects and business cases, providing the students possibilities to gain hands-on experience and understanding of the complexity of the subjects. The programme applies versatile pedagogic methods to increase the student’s professional skills in e.g. team working and in the analysis of real life phenomena through theoretical frameworks.

The master’s degree consists of

• Major studies 60 cr
• Master's thesis 30 cr
• Elective studies 30 cr
   

Code: ENG24
Extent: 60 cr
Teacher in charge: Ari Ekroos 

Common studies (compulsory courses for all students, 36 cr)

Advanced studies (select 24 cr from courses below, note prerequisites)

Course descriptions for the academic year 2019-2020 (pdf).

Please, find course substitutions here

For free elective studies you can study courses offered by Aalto University or by other universities as it is possible by Aalto internal and inter institutional agreements and procedures and course specific prerequisites. Kindly note that your elective studies do not have to form a minor, but can include different types of courses totaling 30 credits.

The structure of our Master’s Programme is designed so that you are able to study your major studies i.e. common and advanced courses during the first year. This leaves the second year for elective courses and Master’s thesis. It also makes it easy for you to go for student exchange during the second year. Alternatively, you can deepen your expertise by taking more of our advanced courses as elective courses, or broaden your expertise by choosing courses from Aalto’s other programmes or from different universities. The choice for elective studies is thus entirely yours: the most important thing is that your elective studies complement your major studies, and provide you with expertise that you personally feel important and inspiring for your career.

Please find Aalto University study offers from Aalto University cross school studies.

Programme has been planned so that it enables you to leave for exchange studies during your second year. You can find more information about exchange studies (incl. application deadlines) from here Exchange studies for Aalto students.

Please note language requirements

Foreign language studies (minimum 3 cr in the same language) are required for the completion of the MSc (Tech) degree in some cases. Please see more information about language requirements for the master's degree students:

Language requirements 

According to Government Decree on University Degrees (794/2004), student shall demonstrate proficiency in Finnish and Swedish language that is required of central government staff in bilingual public organisations under subsection 1 of section 6 of the Act on the Knowledge of Languages Required of Personnel in Public Bodies (424/2003) andt hat is necessary for their own field; and proficiency in at least one foreign language that enablesstudents to monitor progress in their own field and operate in an international setting.

Students with Finnish Bachelor's degree

Compulsory language studies are included as part of the Finnish Bachelor’s degree for students who have studied in Finland and whose language of education is Finnish or Swedish. If the language studies have not been completed in the student’s Bachelor’s degree, the student must take 2 ECTS in the second national language and 3 ECTS in one foreign language, including both oral and written proficiency.

All other students

Students who have received their pre-university education in a language other than Finnish or Swedish, or received their education abroad, are required to complete only 3 ECTS in one foreign language, including both oral and written proficiency. Relevant courses (marked with ‘o’ and ‘w’) are offered by the Aalto University Language Center. There students who have received their education abroad and  who already have excellent command of English (e.g. English as their first language) may choose 3 credits of Finnish or Swedish courses instead, hence not covering the requirement of oral/written proficiency but meeting the language requirement of the degree. If this applies to you, please contact your school’s Learning Services for further advice, as different schools have different procedures for validating this exemption.

Language studies are included in students’ elective studies and are agreed in the personal study plan (HOPS).

Please find more information about language courses and information about learning languages from the Language Centre of Aalto University.

The master’s thesis is written on a topic related to the advanced studies of the degree programme.
Students may apply for a topic for their master’s thesis when a minimum of 60 credits counted towards the master’s degree have been completed.

The topic and the language of the master’s thesis are approved by the school upon application by the student; the school also appoints a thesis supervisor and one or two thesis advisors for it. The master’s thesis supervisor shall be one of the professors of Aalto University. The topic of the master’s thesis remains valid for one year.

The master's thesis includes a presentation and maturity test.

Further instructions on the master’s thesis and the related process from Completing master's thesis  

The Master’s Programme in Real Estate Economics offers students a thorough education in the field with a focus on technology, economy, law and management of real estate. The programme offers students a thorough understanding of the dynamics of real estate markets. Student will attain a holistic understanding of the phenomena related to real estate markets, and learn techniques used for the analysis and management of real estate. The programme combines the scientific disciplines of economics, management, land management and planning to provide students with the key skills needed in the wide range of careers in the real estate sector. To understand the complexity of the subjects, many courses combine theoretical knowledge with real life projects and business cases. As most jobs in real estate are about people and interaction, a strong emphasis in the studies is put on team work.

Courses within the programme cover the skills and knowledge required to manage real estate throughout its life cycle. All students in real estate economics will be introduced to various valuation methods, factors that affect the value formation of real estate, real estate economics and the real estate market. All students will also increase their knowledge on real estate and environmental legislation and the planning system, and their role in real estate markets.

The master’s degree consists of

• Major studies 60 cr
• Master's thesis 30 cr
• Elective studies 30 cr

Code: ENG24
Credits: 60 ECTS
Programme director professor: Ari Ekroos

The Master’s Programme in Real Estate Economics offers students a thorough understanding of the dynamics of real estate markets. You will attain a holistic understanding of the phenomena related to real estate markets, and learn techniques used for the analysis and management of real estate. The programme combines the scientific disciplines of economics, management, land management and planning to provide students with the key skills needed in the wide range of careers in the real estate sector. To understand the complexity of the subjects, many courses combine theoretical knowledge with real life projects and business cases. As most jobs in real estate are about people and interaction, a strong emphasis in the studies is put on team work.

Courses within the programme cover the skills and knowledge required to manage real estate throughout its life cycle. All students in real estate economics will be introduced to various valuation methods, factors that affect the value formation of real estate, real estate economics and the real estate market. All students will also increase their knowledge on real estate and environmental legislation and the planning system, and their role in real estate markets.

After these common studies students can choose to specialise in either Real Estate Economics and Management or in Land Management.

Course descriptions for the academic year 2017-2018
 

Common studies (compulsory courses for all students 30 cr)

Advanced courses (select 30 cr courses from courses below, note prerequisites)

For free elective studies you can study courses offered by Aalto University or by other universities as it is possible by Aalto internal and inter institutional agreements and procedures and course specific prerequisites. Kindly note that your elective studies do not have to form a minor, but can include different types of courses totaling 30 credits.

The structure of our Master’s Programme is designed so that you are able to study your major studies i.e. common and advanced courses during the first year. This leaves the second year for elective courses and Master’s thesis. It also makes it easy for you to go for student exchange during the second year. Alternatively, you can deepen your expertise by taking more of our advanced courses as elective courses, or broaden your expertise by choosing courses from Aalto’s other Master’s Programmes or from different universities. The choice for elective studies is thus entirely yours: the most important thing is that your elective studies complement your major studies, and provide you with expertise that you personally feel important and inspiring for your career.

Please find Aalto University study offers from Aalto University cross school studies.

Programme has been planned so that it enables you to leave for exchange studies during your second year. You can find more information about exchange studies (incl. application deadlines) from here Exchange studies for Aalto students.

Foreign language studies (minimum 3 cr in the same language) are required for the completion of the MSc (Tech) degree in some cases. Please see more information about language requirements for the master's degree students:

Language requirements 

According to Government Decree on University Degrees (794/2004), student shall demonstrate proficiency in Finnish and Swedish language that is required of central government staff in bilingual public organisations under subsection 1 of section 6 of the Act on the Knowledge of Languages Required of Personnel in Public Bodies (424/2003) andt hat is necessary for their own field; and proficiency in at least one foreign language that enablesstudents to monitor progress in their own field and operate in an international setting.

Students with Finnish Bachelor's degree

Compulsory language studies are included as part of the Finnish Bachelor’s degree for students who have studied in Finland and whose language of education is Finnish or Swedish. If the language studies have not been completed in the student’s Bachelor’s degree, the student must take 2 ECTS in the second national language and 3 ECTS in one foreign language, including both oral and written proficiency.

All other students

Students who have received their pre-university education in a language other than Finnish or Swedish, or received their education abroad, are required to complete only 3 ECTS in one foreign language, including both oral and written proficiency. Relevant courses (marked with ‘o’ and ‘w’) are offered by the Aalto University Language Center. There students who have received their education abroad and  who already have excellent command of English (e.g. English as their first language) may choose 3 credits of Finnish or Swedish courses instead, hence not covering the requirement of oral/written proficiency but meeting the language requirement of the degree. If this applies to you, please contact your school’s Learning Services for further advice, as different schools have different procedures for validating this exemption.

Language studies are included in students’ elective studies and are agreed in the personal study plan (HOPS).

Please find more information about language courses and information about learning languages from the Language Centre of Aalto University.

Please find language courses and other information about learning languages from here: Language and communication studies

Finnish or Swedish language courses are strongly recommended for elective studies for international students.

The master’s thesis is written on a topic related to the advanced studies of the degree programme.
Students may apply for a topic for their master’s thesis when a minimum of 60 credits counted towards the master’s degree have been completed.

The topic and the language of the master’s thesis are approved by the school upon application by the student; the school also appoints a thesis supervisor and one or two thesis advisors for it. The master’s thesis supervisor shall be one of the professors of Aalto University. 
The topic of the master’s thesis remains valid for one year.

The master's thesis includes a presentation and maturity test. 
More information about the master’s thesis

The Master’s Programme in Real Estate Economics offers students a thorough education in the field with a focus on technology, economy, law and management of real estate.

The Master’s Programme in Real Estate Economics offers students a thorough understanding of the dynamics of, and techniques used in the analysis of real estate markets. The programme combines the scientific disciplines of, economics, management, land management, law and planning to provide students with the key skills needed in a wide range of careers in the real estate sector.

Courses within the programme cover the skills and knowledge required to manage real estate in all its different phases. All students in real estate economics will be introduced to the principles of real estate economics and the dynamics of real estate market, as well as valuation methods and investment analysis. All students will also improve their knowledge on real estate and environmental legislation and the planning system, and their role in real estate markets.

Students of the programme can specialise in either Real Estate Economics and Management or in Land Management. Real estate economics and management focuses on real estate investment and business, real estate development and the management of real assets throughout their lifecycle. Land management focuses on the process of managing the use and development of land resources. In this specialisation the students enhance their knowledge on managing land-related rights and land policy.

Code: ENG24
Credits: 60 cr
Programme director: Ari Ekroos

Common studies (compulsory courses, 30 cr)

Advanced studies (optional courses, 30 cr)

Master's thesis (30 cr)

Elective studies (30 cr)