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Real Estate - PgCert/PgDip/MSc - Video

Be inspired, study Real Estate at Ulster.

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Overview

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Be inspired, study Real Estate at Ulster.

Summary

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

In this section

About

This is a linked programme of awards leading to a Postgraduate Certificate/Diploma or an MSc in Real Estate. The rationale is to provide an intensive postgraduate educational opportunity for ambitious 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 management, 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 management, valuation, risk analysis, development 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, 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 course also meets the licencing requirements of the Property Services Regulatory Authority (PSRA) in the Republic of Ireland.

In part-time mode, the degree will normally be completed in five semesters across three academic years.

FOR THE SEPTEMBER PART TIME INTAKE, THE SEQUENCE OF MODULES ARE AS FOLLOWS:

Year 1 Semester One of the PT study

2 Compulsory Modules:

Real Estate Economics

Real Estate Valuation

Year 1 Semester Two of the PT study

2 Compulsory Modules:

Development Appraisal and Regeneration

Real Estate Investment Analysis

Year 2 Semester One of the PT study

2 Compulsory Modules:

Sustainable Real Estate

Real Estate Asset Management

Year 2 Semester Two of the PT study

2 Compulsory Modules:

Risk Management Practices

International Real Estate Markets

Year 3 Semester One/Two/Three

1 Optional Module:

Real Estate Work Based Project; or

Dissertation

The September part time intake students will progress to the Masters Module (Real Estate Work Based Project; or Dissertation) in their third year of the course.

FOR THE JANUARY* PART TIME INTAKE, THE SEQUENCE OF MODULES ARE AS FOLLOWS:

First Semester of Year 1 PT study

2 Compulsory Modules:

Development Appraisal and Regeneration

Real Estate Investment Analysis

Second Semester of Year 2 PT study

2 Compulsory Modules:

Real Estate Economics

Real Estate Valuation

Third Semester of Year 2 PT study

2 Compulsory Modules:

Risk Management Practices

International Real Estate Markets

Fourth Semester of Year 3 PT study

2 Compulsory Modules:

Sustainable Real Estate

Real Estate Asset Management

Fifth Semester of Year 3 PT study

1 Optional Module:

Real Estate Work Based Project; or

Dissertation

The January part time intake students will progress onto the Masters Module (Real Estate Work Based Project; or Dissertation) during their fifth semester of study in the Spring semester in their third year of the course.

* Subject to interview or relevant industry/academic experience.

Attendance

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.

Start dates

  • September 2019
  • January 2020

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 or a Real Estate Work Based Project.

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.

Start dates

  • September 2019
  • January 2020
How to apply

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.

Content

The content for each course is summarised on the relevant course page, along with an overview of the modules that make up the course.

Each course is approved by the University and meets the expectations of:

- the relevant generic national Qualification Descriptor

- the applicable Subject Benchmark Statement

- the requirements of any professional, regulatory, statutory and accrediting bodies.

Attendance and Independent Study

As part of your course induction, you will be provided with details of the organisation and management of the course, including attendance and assessment requirements - usually in the form of a timetable. For full-time courses, the precise timetable for each semester is not confirmed until close to the start date and may be subject to some change in the early weeks as all courses settle into their planned patterns. For part-time courses which require attendance on particular days and times, an expectation of the days and periods of attendance will be included in the letter of offer. A course handbook is also made available.

Courses comprise modules for which the notional effort involved is indicated by its credit rating. Each credit point represents 10 hours of student effort. Undergraduate courses typically contain 10- or 20-credit modules (more usually 20) and postgraduate course typically 15- or 30-credit modules.

The normal study load expectation for an undergraduate full-time course of study in the standard academic year is 120 credit points. This amounts to around 36-42 hours of expected teaching and learning per week, inclusive of attendance requirements for lectures, seminars, tutorials, practical work, fieldwork or other scheduled classes, private study, and assessment. Part-time study load is the same as full-time pro-rata, with each credit point representing 10 hours of student effort.

Postgraduate Master’s courses typically comprise 180 credits, taken in three semesters when studied full-time. A Postgraduate Certificate (PGCert) comprises 60 credits and can usually be completed on a part-time basis in one year. A 120-credit Postgraduate Diploma (PGDip) can usually be completed on a part-time basis in two years.

Class contact times vary by course and type of module. Typically, for a module predominantly delivered through lectures you can expect at least 3 contact hours per week (lectures/seminars/tutorials). Laboratory classes often require a greater intensity of attendance in blocks. Some modules may combine lecture and laboratory. The precise model will depend on the course you apply for and may be subject to change from year to year for quality or enhancement reasons. Prospective students will be consulted about any significant changes.

Assessment

Assessment methods vary and are defined explicitly in each module. Assessment can be a combination of examination and coursework but may also be only one of these methods. Assessment is designed to assess your achievement of the module’s stated learning outcomes. You can expect to receive timely feedback on all coursework assessment. The precise assessment will depend on the module and may be subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.

Coursework can take many forms, for example: essay, report, seminar paper, test, presentation, dissertation, design, artefacts, portfolio, journal, group work. The precise form and combination of assessment will depend on the course you apply for and the module. Details will be made available in advance through induction, the course handbook, the module specification and the assessment timetable. The details are subject to change from year to year for quality or enhancement reasons. You will be consulted about any significant changes.

Normally, a module will have 4 learning outcomes, and no more than 2 items of assessment. An item of assessment can comprise more than one task. The notional workload and the equivalence across types of assessment is standardised.

Calculation of the Final Award

The class of Honours awarded in Bachelor’s degrees is usually determined by calculation of an aggregate mark based on performance across the modules at Levels 5 and 6, (which correspond to the second and third year of full-time attendance).

Level 6 modules contribute 70% of the aggregate mark and Level 5 contributes 30% to the calculation of the class of the award. Classification of integrated Master’s degrees with Honours include a Level 7 component. The calculation in this case is: 50% Level 7, 30% Level 6, 20% Level 5. At least half the Level 5 modules must be studied at the University for Level 5 to be included in the calculation of the class.

All other qualifications have an overall grade determined by results in modules from the final level of study. In Master’s degrees of more than 200 credit points the final 120 points usually determine the overall grading.

Entry conditions

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.

In this section

Entry Requirements

(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.

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

In this section

Career options

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
  • Valuation.

Professional recognition

Royal Institution of Chartered Surveyors (RICS)

Accredited by the Royal Institution of Chartered Surveyors (RICS) for the purpose of graduate membership.

Academic profile

The University employs over 1,000 suitably qualified and experienced academic staff - 59% have PhDs in their subject field and many have professional body recognition.

Courses are taught by staff who are Professors (25%), Readers, Senior Lecturers (18%) or Lecturers (57%).

We require most academic staff to be qualified to teach in higher education: 82% hold either Postgraduate Certificates in Higher Education Practice or higher. Most academic staff (81%) are accredited fellows of the Higher Education Academy (HEA) - the university sector professional body for teaching and learning. Many academic and technical staff hold other professional body designations related to their subject or scholarly practice.

The profiles of many academic staff can be found on the University’s departmental websites and give a detailed insight into the range of staffing and expertise. The precise staffing for a course will depend on the department(s) involved and the availability and management of staff. This is subject to change annually and is confirmed in the timetable issued at the start of the course.

Occasionally, teaching may be supplemented by suitably qualified part-time staff (usually qualified researchers) and specialist guest lecturers. In these cases, all staff are inducted, mostly through our staff development programme ‘First Steps to Teaching’. In some cases, usually for provision in one of our out-centres, Recognised University Teachers are involved, supported by the University in suitable professional development for teaching.

Figures correct for academic year 2019-2020.

Apply

How to apply Request a prospectus

Applications to our postgraduate courses are made through the University’s online application system.

Start dates

  • September 2019
  • January 2020

Fees and funding

In this section

Fees (total cost)

Important notice - fees information Fees illustrated are based on 19/20 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:
£5,900.00

International:
£14,060.00  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 annual 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.

Contact

Dr Jasmine Lay-Cheng Lim

Programme Director MSc Real Estate

T: +44 (0)28 9036 8562

E: lc.lim@ulster.ac.uk

Admissions:

T: +44 (0)28 9036 6309

For more information visit

Faculty of Computing, Engineering and the Built Environment

Belfast School of Architecture and the Built Environment

Disclaimer

  1. The University endeavours to deliver courses and programmes of study in accordance with the description set out in this prospectus. The University’s prospectus is produced at the earliest possible date in order to provide maximum assistance to individuals considering applying for a course of study offered by the University. The University makes every effort to ensure that the information contained in the prospectus is accurate but it is possible that some changes will occur between the date of printing and the start of the academic year to which it relates. Please note that the University’s website is the most up-to-date source of information regarding courses and facilities and we strongly recommend that you always visit the website before making any commitments.
  2. Although reasonable steps are taken to provide the programmes and services described, the University cannot guarantee the provision of any course or facility and the University may make variations to the contents or methods of delivery of courses, discontinue, merge or combine courses and introduce new courses if such action is reasonably considered to be necessary by the University. Such circumstances include (but are not limited to) industrial action, lack of demand, departure of key staff, changes in legislation or government policy including changes, if any, resulting from the UK departing the European Union, withdrawal or reduction of funding or other circumstances beyond the University’s reasonable control.
  3. If the University discontinues any courses, it will use its best endeavours to provide a suitable alternative course. In addition, courses may change during the course of study and in such circumstances the University will normally undertake a consultation process prior to any such changes being introduced and seek to ensure that no student is unreasonably prejudiced as a consequence of any such change.
  4. The University does not accept responsibility (other than through the negligence of the University, its staff or agents), for the consequences of any modification or cancellation of any course, or part of a course, offered by the University but will take into consideration the effects on individual students and seek to minimise the impact of such effects where reasonably practicable.
  5. The University cannot accept any liability for disruption to its provision of educational or other services caused by circumstances beyond its control, but the University will take all reasonable steps to minimise the resultant disruption to such services.

Testimonials

Name -Noel Rooney Year Graduated - 2017

Current Position: Property Development Executive, Ortus, Belfast

Background

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.