The aim of the course is to supply students with the conceptual and analytical tools to understand the mechanisms of the real estate market and the formation of the urban built environment. On these grounds specific areas examined include location theory and the development of cities, the mechanisms of real estate market, land rent theory, real estate development, and real estate management.

Outline

1. Introduction: City, urban economics and real estate.

2. The creation and development of cities (why cities exists)

3. Location theory (where do economic activities and cities develop)

4. Land rent and land use theory

5. The modern city: urban changes, new urban economy and urban problems

6. Definition and characteristics of the real estate market

7. Mechanisms and function of the real estate market

8. Real estate development: processes, models, finance

9. Real estate management (corporate real estate)

10. Macroeconomics of the real estate market

11. Land use policy and real estate

12. Tourism and real estate: new trends and investment opportunities