MSc Real Estate Development

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): £17,300
  International, including EU, students (per annum): £32,600

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.

This course has normally included a residential field trip which is an optional part of the course.

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

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).

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.

This unit will introduce students to the fundamentals of real estate economics and also act as an introduction to academic study in this subject area. The unit will cover fundamental economic principles underlying city regions, urban and land use planning, and commercial and residential real estate markets. Students will also apply  these principles to understand several current and policy relevant debates around real estate, nationally and internationally. In this course unit, students will consider real estate markets within macroeconomic contexts. Students will explore a number of different geographic and sector markets, critically considering the institutional framework around these: political and legal background; social and cultural aspects; technological and environmental factors. Students will study the structure of real estate ownership and how economic and monetary policies shape property cycles and the phenomenon of housing price bubbles. 

 

 

  NOTE THIS UNIT IS NOT AVAILABLE TO STUDENTS WHO ARE NOT ENROLLED ON MSc REAL ESTATE (ASSET MANAGEMENT OR DEVELOPMENT)

To provide students with a sound knowledge of real estate economics and its applications

To encourage critical debate and reflection on policies and their implications for the functioning of real estate markets both locally and internationally

To foster a spirit of enquiry
 

A range of teaching and learning methods will be adopted with conventional lectures used to introduce topics in a structured manner. All course material and recordings of lectures will be available online. Students are expected to read suggested papers and reports and take a lead in discussions in the class. Formative feedback will be given through Q&A, discussion and interactive activities within lectures and FAQ section on VLE. Substantive written or audio feedback on assignments will be provided through VLE.
 

Anticipate changes in factors affecting real estate markets and apply foundational economic principles to assess the implications of these changes. 

Evaluate the impact of political, legal, social, and technological factors on real estate market structures and operations.

Evaluate current land, housing and real estate policies and compare its impact on real estate market’s functioning through economic reasoning.
 

Analyse and evaluate debates and research evidence related to real estate economics at both national and international levels.

Devise economic frameworks for evaluating  policy impact on real estate markets 
 

Factor in the effects of various policies to assess future risks and returns while selecting and making real estate development and investment decisions.

Formulate evidence based solutions to policy problems affecting real estate markets 
Accurately interpret and synthesise complex quantitative models and results
 

 

 

Effectively communicate ideas and arguments in writing to both specialist and non-specialist audience.

Identify sampling and selection issues within data sets and quantitative methods currently used in real estate research.

 

Individual Portfolio 3000 words 100%

Verbal feedback is available on coursework discussed through consultation hours. Substantive written or audio feedback on your assignments will be provided through VLE

Economics: 
Brueckner, J (2011) Lectures in Urban Economics, MIT Press. 
O'Sullivan, A., (2012) Urban Economics 8th Ed. 
Lall, S. V., Freire, M., Yuen, B., Rajack, R., & Helluin, J. (2009). Urban land market. World Bank: Washington, DC, USA, Springer.
Tiwari, P. and White, M. (2010) International real estate economics. Basingstoke: Palgrave Macmillan
Finance:

Buckle, M. and Thompson, J. (2016) The UK financial system: theory and practice. 5th edn. Manchester: Manchester University Press 
Geltner, D. M., Miller, N. G., Clayton, J., & Eichholtz, P. (2007). Commercial real estate: analysis & investments. Cengage learning.
Real Estate Markets:

Barkham, R. (2012) Real estate and globalization Oxford: Wiley-Blackwell

Barras, R. (2009) Building cycles: growth and instability. Oxford: Wiley-Blackwell 
Baum, A. (2015) Real estate investment: a strategic approach 3rd ed. Abingdon: Routledge

Lizieri, C. (2009) Towers of capital. Oxford: Wiley-Blackwell 
Marriott, O. (1969) The property boom. London: Pan Books 
Scott, P. (1996) The property masters: a history of the British commercial property sector Abingdon: Taylor Francis

 

 

This unit includes a short residential fieldtrip to London, linked to the assessment, normally held in October.