Be inspired, study Real Estate at Ulster.
Are you interested in the sourcing, financial analysis, execution of property acquisitions and developments? What are the strategies and decision-making processes for real estate investment, finance and development? How can you successfully manage a real estate portfolio? How do you underwrite and undertake the due diligence of various investment and development opportunities?
The MSc Real Estate is designed for those graduates with a non-property related degree who wish to cross over to the real estate discipline. The programme is for anyone with an interest in the workings of real estate markets and property businesses. Core areas include development and investment appraisal, economics, sustainability, asset management, valuation, international real estate, land and housing market analysis. Graduates will gain the key skills necessary to embark across a wider range of employment opportunities at the local, national and international levels.
The unique qualities which this programme will offer include integrating concepts in finance, investment and valuation with an understanding of the dynamics of property and capital markets. It will provide students with the capacity, skills and knowledge to provide analytical solutions within the property business environment.
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About this course
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The rationale of the Master's in Real Estate is to provide an intensive postgraduate educational opportunity for able and motivated graduates wishing to be real estate professionals by making a career in property at local, national or international level. The subject matter is presented with an international perspective to reflect the increasingly strong role of property in today’s global business economy and to be of relevance to a career incorporating multinational organisations operating particularly in the UK, Europe, UAE, North America and Asia.
The overarching aim of this master's programme is to facilitate the personal and intellectual capacity of full time and part time students and to produce graduates with the knowledge and skills appropriate to the understanding and management of property based on the investment, pricing and financing of real estate assets. The unique qualities which this programme will offer include integrating concepts in finance, investment and valuation with an understanding of the dynamics of land and property markets. It will provide students with the capacity, skills and knowledge to provide analytical solutions within the property business environment.
The programme will also provide for the integration of theory and practice in real estate finance, investment and development appraisal methodologies. The key areas of real estate asset pricing and risk analysis, relevant to the commercial real estate industry, banks and institutional investors, are where the research interests of the core teaching group are closely related to the delivery of the programme. The multidisciplinary nature of the programme will use expertise from professional practice to develop thematic approaches to asset pricing, valuation, risk analysis, finance and investment fund management. Particular emphasis will focus on real estate performance, land and housing markets and the impacts of changes in the economy on yields, rental values, development activity, real estate investment returns, asset management and pricing of multi-asset portfolios.
The Royal Institution of Chartered Surveyors (RICS) as the professional body plays a very significant role in advising and accrediting property related programmes within the School. This MSc in Real Estate is accredited by the RICS for both full-time and part-time modes of delivery.
The part time provision offers two points of entry in each academic year: September and January. For both intakes, the degree will normally be completed across three academic years.
- September 2018
- January 2019
In the part-time mode, students take two 15-credit modules per semester per year and each module equates to a student effort of 150 hours, made up of direct contact hours (i.e. delivered in the classroom) and the remainder as independent study time which would involve reading books, journals and researching for coursework etc. Students also undertake a 60-credit Dissertation in year 3, which has limited direct teaching but has a staff supervisory process to support you.
On average the contact time per week for each module will be 5 hours (with a mix of lectures and tutorials) i.e. 5 hours x 2 modules = 10 contact hours. This varies in some modules but will never be more than 5 hours per week per module. Usually these contact hours are spread across a minimum of 1-2 days in the part-time mode across 12 weeks per semester
- September 2018
- January 2019
Here is a guide to the subjects studied on this course.
Courses are continually reviewed to take advantage of new teaching approaches and developments in research, industry and the professions. Please be aware that modules may change for your year of entry. The exact modules available and their order may vary depending on course updates, staff availability, timetabling and student demand. Please contact the course team for the most up to date module list.
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Development Appraisal and Regeneration
This module is designed to provide students with an understanding of the planning and property development process in context of sustainable urban regeneration, a contemporary and priority agenda in cities. The module provides the students with knowledge of key issues related to mixed use developments and the deliverability of sustainability principles within an urban regeneration context. This module addresses the policy objectives related to sustainable communities and low carbon growth in cities.
Real Estate Investment Analysis
This module considers the financial characteristics of investment and examines real estate from the point of view as a single asset or held within a portfolio of assets. It identifies the processes, procedures and regulatory framework necessary to value commercial real estate investments and cash flow appraisals.
Corporate Finance & Risk
Corporate finance is about investment and financing decisions of corporations. In this module you have considered a set of theoretical concepts that are directly or indirectly related to those decisions. Moreover, you also studied what may be the objective that motivates such decisions, and how conflicts of interest among corporations? stakeholders might arise as to which particular investment or financing-related decision should be undertaken.
Real Estate Economics
This module introduces students to a range of property market data in relation to contemporaneous issues facing property professionals. Students are exposed to the key issues facing property development and provision and are challenged with developing real-life appraisals. The module provides students with the core concepts required to understand the wide spectrum of real estate. This will enable the student to think through the problem and to propose possible strategies to tackle the issues.
Real Estate Valuation
This module introduces students to the challenges of valuing property for investment and development purposes. It provides students with a comprehensive overview of key valuation theory, practice and techniques both traditional and contemporary. It focuses specifically on the critical understanding of the different valuation techniques and their applications. The module will also develop student understanding of the regulatory market within which real estate valuations and appraisals are conducted.
International Real Estate Markets
The module on International Real Estate Markets will provide students with the necessary knowledge of market dynamics in developed and emerging investment markets. The module will enable students to develop a sound knowledge of workings of the global market in terms of the participants in the market, the type of asset in which they invest, and the rationale behind their investment strategy.
Real Estate Work Based Project
This module is optional
The real estate work-based project module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the student to apply the knowledge and skills acquired to undertake a project relevant to the real estate sector and of interest to the student.
This module is optional
The dissertation module integrates and further develops the knowledge and skills acquired within the taught element of the programme. The module specifically allows the students to apply knowledge and skills acquired to undertake a research dissertation investigating a topic relevant to the real estate industry and of interest to the student. The dissertation topic will vary, depending on the interests of the student and expertise of staff.
Sustainable Real Estate
This module introduces students to the challenges facing the real estate sector in responding to the sustainability agenda. It focuses specifically on developing critical appraisal skills to enable students to make informed decisions regarding assessing the sustainability of projects, buildings, investment decisions and operational/management activities.
Real Estate Asset Management
This module aims to foster a deep understanding of the fundamental challenges and opportunities presented by investment and occupational property assets. It adopts an approach of proactive asset management and seeks to equip the students with skills to add value to real estate assets and to prepare the student for employment in management of the principal events in the life cycle of property assets.
We recognise a range of qualifications for admission to our courses. In addition to the specific entry conditions for this course you must also meet the University’s General Entrance Requirements.
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(a) Applicants must have gained an Honours or non-Honours degree from a University of the United Kingdom or the Republic of Ireland, or from a recognised national awarding body, or from an institution of another country which is recognised as being of an equivalent standard; or
(b) an equivalent standard in a Postgraduate Certificate, Graduate Diploma, Graduate Certificate or an approved professional or other qualification; and
(c) provide evidence of competence in written and spoken English (GCSE grade C or equivalent);
As an alternative to (a) or (b) and/or (c) in exceptional circumstances, where an individual has substantial and significant experiential learning, a portfolio of written evidence demonstrating the meeting of graduate qualities (including subject-specific outcomes, as determined by the Course Committee) may be considered as an alternative entrance route.
Evidence used to demonstrate graduate qualities may not be used for exemption against modules within the programme.
This is a linked Postgraduate Certificate/Postgraduate Diploma/Master’s programme. Students will register on the Postgraduate Certificate. Successful students will be permitted automatic progression through each stage of the programme to Master’s level. Alternatively, students who have successfully completed the Postgraduate Certificate or Postgraduate Diploma stages may exit the programme with the appropriate award.
Prior certificated or evidence from the accreditation of prior experiential learning may be accepted as exempting candidates from part of the programme provided that they shall register as students of the University for modules amounting to at least the final third of the credit value of the award at the highest level in respect of a Master’s award and at least 50% of the credit value of the award in respect of the Postgraduate Diploma or Postgraduate Certificate award.
English Language Requirements
English language requirements for international applicants
The minimum requirement for this course is Academic IELTS 6.0 with no band score less than 5.5. Trinity ISE: Pass at level III also meets this requirement for Tier 4 visa purposes.
Ulster recognises a number of other English language tests and comparable IELTS equivalent scores.
Teaching and learning assessment
The Real Estate programme is delivered via a variety of lectures, seminars, computer tutorials, educational videos, practical exercises and study visits. Staff are encouraged to vary their teaching styles and facilitate small group teaching or break-out seminars as much as possible. Class sizes are kept small to ensure that students benefit from one-to-one support and tutorage. Modules are assessed through a mix/combination of coursework, examinations or practical exercises depending on the skills being assessed.
Exemptions and transferability
With regard to transferring to and from the course and claiming exemption for completed modules, the University has developed a formal procedure, which allows recognition through the award of credit for previous modules that have been successfully completed. Therefore, modules passed in respect of other qualifications awarded by the University or by another university or other educational institution, or evidence from the accreditation of prior experiential learning, may be accepted as exempting candidates from part of the programme provided that they shall register as students of the University for modules amounting to at least the final 50% of the credit value of the award at the highest level.
Careers & opportunities
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The programme is designed to provide a wide range of career opportunities for student choice. Employers include major real estate surveying firms, property investment and development companies, financial institutions, specialist research department/companies, governments and other public sector organisations around the world.
Real Estate professionals provide business advice on the purchase, sale, leasing and acquisition of commercial real estate including management of real estate portfolios to maximise the value of real estate as an asset class. Real estate players are able to creatively apply technical, legal and economic knowledge to deliver on a stakeholder’s property objectives and meet current business needs and future strategy.
This course is designed to prepare graduates for future employment in a number of the RICS APC Pathways, which include:
- Commercial Property Practice
- Residential Property Practice
Accredited by the Royal Institution of Chartered Surveyors (RICS) for the purpose of graduate membership.
Fees and funding
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Fees (total cost)
Important notice - fees information
Fees illustrated are based on 18/19 entry and are subject to an annual increase. Correct at the time of publishing. Terms and conditions apply. Additional mandatory costs are highlighted where they are known in advance. There are other costs associated with university study.
Visit our Fees pages for full details of fees
- Northern Ireland & EU:
- £13,680.00 Scholarships available
Where the postgraduate course selected offers multiple awards (e.g. PG Cert, PG Dip, Master’s), please note that the price displayed is for the complete master’s programme. Postgraduate certificates and diplomas are charged at a pro-rata basis. Find out more
Scholarships, awards and prizes
The top two students (and part time equivalent) qualify for the Real Estate Excellence Awards each year. These awards are sponsored by the real estate industry and are designed to provide recognition to the students for their hard work and commitment to their studies.
Additional mandatory costs
There will be an optional field trip prior to the start of Semester Two. The field trip location will vary depending on the number of students taking the course and the availability of industry experts. The cost of a field trip, which must be budgeted separately will be in the region of £750 - £1,000 depending on location.
Tuition fees and costs associated with accommodation, travel (including car parking charges), and normal living are a part of university life.
Where a course has additional mandatory expenses we make every effort to highlight them. These may include residential visits, field trips, materials (e.g. art, design, engineering) inoculations, security checks, computer equipment, uniforms, professional memberships etc.
We aim to provide students with the learning materials needed to support their studies. Our libraries are a valuable resource with an extensive collection of books and journals as well as first-class facilities and IT equipment. Computer suites and free wifi is also available on each of the campuses.
There will be some additional costs to being a student which cannot be itemised and these will be different for each student. You may choose to purchase your own textbooks and course materials or prefer your own computer and software. Printing and binding may also be required. There are additional fees for graduation ceremonies, examination resits and library fines. Additional costs vary from course to course.
Students choosing a period of paid work placement or study abroad as part of their course should be aware that there may be additional travel and living costs as well as tuition fees.
Please contact the course team for more information.
Name -Noel Rooney Year Graduated - 2017
Current Position: Property Development Executive, Ortus, Belfast
I had previously completed a BSc Hons in Housing Management Ulster University, Jordanstown.
Why did you choose postgraduate study at Ulster?
Ulster, with its Real Estate MSc offered me a route to becoming a member of the RICS. I also felt modules covered throughout the course would give me greater knowledge and understanding of my field and enhance me both professionally and personally.
How has your postgraduate course at Ulster enhanced your career?
The MSc has enhanced my understanding and gave me greater confidence in my knowledge of my profession.
What has been the best thing about your course?(e.g. quality of teaching, support received, flexible delivery, links with industry, networking opportunities)
The support given throughout the course was excellent. Staff are always approachable and available to help where necessary. The quality of the delivery was of a high class with many leaders in the property industry speaking and giving lectures throughout the programme.
What skills and knowledge have you gained?
A greater understanding of other areas of commercial property that I was not fully aware like property investment, valuation and development appraisal, along with an appreciation of ongoing asset management.