Fees and funding

Fees

Fees for entry in 2027 have not yet been set. For reference, the fees for the academic year beginning September 2026 were as follows:

  • MSc (full-time)
    UK students (per annum): £12,600
    International, including EU, students (per annum): £26,800
  • MSc (part-time)
    UK students (per annum): £6,300
    International, including EU, students (per annum): £13,400

The fees quoted above are fully inclusive of tuition, administration and computational costs.

Fees for entry are subject to yearly review. The University reserves the right to increase your tuition fee by up to 7% each year for courses lasting more than one year, including to reflect rising costs associated with delivering our educational and wider student experience. Postgraduate fees information .

Always contact the admissions team if you are unsure which fee applies to your qualification award and method of attendance.

International student CAS deposit

Self-funded international applicants are required to pay a deposit of £2500 towards their tuition fees before a confirmation of acceptance for studies (CAS) is issued. Some applicants will be required to pay a higher deposit. More information on tuition fee deposits .

Additional expenses

An overseas field visit is an optional part of the course.

Please note there is a student contribution towards the cost of the trip depending on the location.

Policy on additional costs

All students should normally be able to complete their programme of study without incurring additional study costs over and above the tuition fee for that programme. Any unavoidable additional compulsory costs totalling more than 1% of the annual home undergraduate fee per annum, regardless of whether the programme in question is undergraduate or postgraduate taught, will be made clear to you at the point of application. Further information can be found in the University's Policy on additional costs incurred by students on undergraduate and postgraduate taught programmes (PDF document, 91KB).

Scholarships/sponsorships

We know that student finance can be complicated. The links below provide further information to help guide you.

Learn more about - student finance options for UK students.

Learn more about - fees and finance for international students.

Graduates of The University of Manchester and Manchester Metropolitan University can receive a 10% discount on their master's degree tuition fees as part of our Manchester Alumni Loyalty Discount scheme.

Course unit details:
Land and Development

Course unit fact file
Unit code PLAN60102
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 2
Offered by Planning, Property and Environmental Management
Available as a free choice unit? No

Overview

In this course unit, we will study the process of development, from project inception, site assessment and initial design through to planning, implementation and scheme disposal.  We will critically consider the interrelationship of the property market, the built form and planning and environmental regulation as different land uses compete with each other for the available supply of resources, to meet the need for both built estate and green space in urban areas.  There is a strong focus on financial appraisal and the importance of financial risk management and viability.  Topics include:

• An overview of the development process
• Actors and motivation
• Site acquisition and assessment
• Property market and demand for development
• Environmental and ecological considerations
• Legal and regulatory constraints
• Options appraisal
• Development design, quality & mix; designing for sustainability
• Development financial appraisal, sensitivity analysis and other risk assessment tools
• Finance & sales and marketing 

Aims

The course unit aims to:

  • Provide a thorough understanding of the issues that need to be considered as part of the process of developing land, with particular emphasis on the assessment of site potential and meeting commercial expectations
  • Develop understanding of land use policies and making the best use of land resources through the redevelopment and reuse of previously developed or “brownfield” sites, including existing buildings. 
  • Introduce contemporary issues and concerns in property development
  • Foster practical experience and understanding of the development process through preparation of individual development proposals for real potential development sites
  • Develop competence in financial appraisal and understanding of the concepts of risk and viability in the context of development schemes

Teaching and learning methods

The course will involve a series of structured lectures and workshops. Lectures will introduce students to different topics related to property development. Workshops will allow students to work through tasks related to the lecture topics and obtain feedback. Some of the workshops are asynchronous online workshops that are supposed to be completed independently after the related lecture.

Course materials, such as the course guide, assessment brief, lecture PowerPoint slides, workshop material and links to suggested references and readings, are generally available online through VLE. By default, lectures will be recorded by the automatic lecture capture system, and recordings will be made available through the University Video Portal. By default, synchronous workshops will not be recorded due to their interactive format.

Knowledge and understanding

Demonstrate comprehensive understanding and knowledge of the development process, actors, drivers and constraints.

Demonstrate sound understanding of the components of a residual development appraisal and the factors affecting viability. 
 

Intellectual skills

Demonstrate sound capacity for critical thinking and ability to present well-justified arguments, recognising the interconnected nature of development practice

Practical skills

Demonstrate numeracy skills through appreciation of issues around selection, accuracy, uncertainty and approximation with numbers

Transferable skills and personal qualities

Communicate ideas effectively through preparation of professional reports

Assessment methods

Development proposal including financial appraisal, (3000 words), 100%

Feedback methods

Individual summative written feedback will be provided through VLE. Verbal summative feedback is available during office hours.

Recommended reading

General Property Development Textbooks - students are recommended to read one of these

Adams, D. and Tiesdell, S. (2012) Shaping Places: Urban Planning, Design and Development. Abingdon: Routledge

Havard, T. (2008) Contemporary Property Development. 2nd ed. London: RIBA Publishing

Isaac, D., O’Leary, J. and Daley, M. (2016). Property development: appraisal and finance. 3rd ed. Basingstoke: Palgrave Macmillan. Isaac, D., O'Leary, J. and Daley, M. (2010) Property Development 2nd ed. Basingstoke: Palgrave Macmillan

Ratcliffe, J., Stubbs, M. and Keeping, M. (2021). Urban planning and real estate development. 4th ed. Abingdon: Routledge.Ratcliffe, J., Stubbs, M. and Keeping, M. (2009) Urban Planning and Real Estate Development. 3rd ed. Abingdon: Routledge

Reed, R. (2021). Property development. 7th ed. London: Routledge.Reed, R. and Sims, S. (2015) Property Development 6th ed. Abingdon: Routledge

Syms, P. (2010) Land, Development and Design. 2nd ed. Oxford: Wiley-Blackwell Additional texts

Additional texts

Crook, T., Henneberry, J. and Whitehead, C.M.E. (2016). Planning gain: providing infrastructure & affordable housing. Chichester: John Wiley & Sons Inc.Byrne, P. (1996) Risk, uncertainty and decision-making in property development 2nd ed London: E & FN Spon

Dent, P., Patrick, M. and Ye, X. (2012). Real estate: property markets and sustainable behaviour. New York: Routledge.

Dubben, N. and Williams, B. (2012). Partnerships in Urban Property Development. Chichester: Wiley-Blackwell.Dubben, N. and Williams, B. (2009) Partnerships in Urban Property Development. Chichester: Wiley-Blackwell

Edwards, B.W and Naboni, E. (2013). Green buildings pay: design, productivity and ecology. 3rd ed. London: Routledge.English Partnerships (2006) The Brownfield Guide: a practitioner's guide to land reuse in England. London: English Partnerships

Guy, C. (1994). The Retail Development Process: location, property and planning. London: Routledge

Guy, S. and Henneberry, J. (Eds) (2002) Development & Developers - perspectives on property. Oxford: Blackwell

Jowsey, E. (2011) Real Estate Economics. Basingstoke: Palgrave Macmillan

Muñoz Gielen, D. and Krabben, E. van der. (2019). Public infrastructure, private finance: developer obligations and responsibilities. D. Muñoz Gielen & E. van der Krabben, eds. Milton: Routledge.

Needham, B., Buitelaar, E. and Hartmann, T. (2018). Planning, Law and Economics The Rules We Make for Using Land. 2nd ed. Milton: Taylor & Francis Group.

Tiesdell, S and Adams, D (2011) Urban Design in the Real Estate Development Process. Oxford: Wiley-Blackwell

Yudelson, J. and Meyer, U. (2013) The World's Greenest Buildings. Abingdon: Routledge 

 

Study hours

Scheduled activity hours
Lectures 20
Practical classes & workshops 9
Project supervision 2
Independent study hours
Independent study 119

Teaching staff

Staff member Role
Eero Valtonen Unit coordinator

Additional notes

eAssessment denotes time for directed reading and online exercises (28 hours)

Project supervision denotes assignment surgeries (2 hours)

 

Return to course details

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