Real Estate Development

Introduction

The course is structured to give the students an understanding of a comprehensive and interdisciplinary topic, real estate development.

Throughout the course, the students will learn and discuss relevant topics, such as public and private area plans, different types of risks as well as different subtopics of investment analysis. In addition, the course will give the students an understanding of sustainable real estate development. The student shall work on a project assignment throughout the semester where the purpose is to analyze relevant aspects of a specific plot/area, such as market analysis, demographic analysis, zoning conditions, and macroeconomic tendencies. Based on the results from the analysis, shall the students conduct a feasibility study of the land plot.

Course content

1. Analyzes as a basis for real estate development
   • Demographics
   • Market
   • Macroeconomics
   • Social development
   • Area description
   • Sketchup
2. Public plans and zoning plans
   • Overall plans and guidelines
   • Regulatory plans
   • Consideration zones
   • Norms
3. Real estate development in different phases
   • Land acquisition
   • Regulation
   • Construction phase
   • Completion
   • Risk classes
4. Sustainable property development
   • Environment and energy
   • Long-term and comprehensive property development
   • Circular economy
   • Social sustainability
5. Investment analysis
   • Sales and rental income
   • Construction costs
   • Direct return