Learning Outcomes:
On completion of the module, students should be able to:
1. Analyse the economic, social and political context of property development;
2. Describe and explain stages in the property development process;
3. Understand the roles of key actors and agencies in property development in the private and public sectors;
4. Assess the viability of individual schemes and consider how best to generate added value for both particular interests and the wider community;
The main skills outcomes should be:
• Generic skills: written and oral communication, numeracy, problem solving, use of IT and library services.
• Professional planning skills: knowledge of the development process
• Evaluation of development strategies including valuation methods; decision-making in planning including stakeholder perspectives.
Indicative Module Content:
This module includes 11 two-hour lectures and one case study visit. Lectures will take place between 11:00 – 13:00 on Tuesdays. There will usually be a short break halfway through the lecture sessions and students must return to the lecture room promptly for the re-commencement of the lecture.
Week Topic
1 The financialization of Real Estate and its Implications
2 Real estate markets and their dynamics
3 The property development process
4 The cyclical nature of property development
5 Development Finance
6 Property Appraisal and Residual Value
7 Urban Regeneration
8 Field Trip – Dublin Docklands
9 Housing Market in Ireland
10 Generation Rent and the Growth of the Private Rental Sector
11 Property Development, Viability and the Planning System
12 Module Recap and Assignment Discussion