Real Estate
PgCert/PgDip/MSc

2020/21 Full-time Postgraduate course

Award:

Postgraduate Certificate/Postgraduate Diploma/Master of Science

Faculty:

Faculty of Computing, Engineering and the Built Environment

School:

Belfast School of Architecture and the Built Environment

Campus:

Jordanstown campus

Start dates:

September 2020

January 2021

Academic Year 2020/21

Our first term will commence as planned on 21 September and we will be prepared to deliver lectures and other teaching online for Semester One

Some on-campus activities will still take place, based on a robust local risk assessment, and priority will be given to using campus spaces for practice-based learning activities including lab work.

The University’s primary concern remains the physical and mental health, safety and wellbeing of our students, staff, their families and the wider community. Nothing is more important to us.

On our COVID-19 webpages you will find further information for applicants and students, along with answers to some of the questions you may have.

Overview

Considering a career in the global real estate sector? Be inspired, come and 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, sustainability, asset management, valuation, international real estate and market analysis.

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.

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 management. Particular emphasis will focus on real estate performance, real estate markets and the impacts of changes in the economy on yields, rental values, development activity and real estate investment returns of multi-asset portfolios.


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About this course

About

Ulster is one of most established UK educators of the real estate discipline, with over 40 years’ experience in developing successful property graduates. Recognised nationally for outstanding teaching, research, engagement with employers and student satisfaction, we will prepare you for a successful career in real estate.

The overarching aim of the MSc in Real Estate is to facilitate the personal and intellectual development of students and to produce graduates with the knowledge and skills appropriate to the development, investment and management of the diverse components within the property discipline commensurate with the requirements of the associated professional bodies; the public and private sectors; and commercial and industrial interests. The programme is designed to provide opportunities for student choice.

The rationale of the Masters Programme in Real Estate is to provide an intensive postgraduate educational opportunity for ambitious and motivated graduates who wants to develop their career in Real Estate. 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, North America and Asia.

The programme will provide for the integration of theory and practice in real estate valuation, investment, management and development appraisal methodologies, including the key areas of real estate asset pricing and risk analysis, relevant to the commercial real estate industry, banks and institutional investors.

Graduates from the MSc in Real Estate programme will be able to demonstrate various subject related qualities including; knowledge and understanding of the various best practices and accepted procedures of the property industry; Skill to practice the appropriate methods and practical techniques commonly used by a property surveyor. In the current financial environment real estate professionals are facing complex situations and making difficult decisions. Graduates will be, therefore, expected to have developed intellectual qualities, including high level cognitive skills, enabling them to analyse, synthesise and objectively evaluate complex issues, construct and defend a balanced argument and creatively identify problems and possible solutions in a real estate context.

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.

This course is designed to prepare graduates for future employment in a number of the RICS APC Pathways, which include:

  • Commercial Property
  • Residential
  • Valuation

Modular Structure;

Professional Practice and Ethics

This module is designed to expose real estate students to the professional work environment and professionalism needed in the real estate industry. The focus is on developing the practical skills to enhance employability and recognising the wider professional body ethical requirements and how these influence day-to-day activities. The module has three distinct areas notably:

1. Professional conduct and practice - to identify the vocational skills expected by industry and professional bodies including legislation, regulations, standards and ethical issues

2. Property surveys and area measurement - to undertake measured surveys and area calculations of commercial and residential properties

3. Identification, diagnosis and prognosis of building defects - to understand the impact of building condition on management/sale decisions

Real Estate Economics

This module is designed to enable students to navigate their way through the available data sources with a view to analysing property market dynamics and the interface between development, planning and tax and finance in delivering property provision. The students will be challenged by issues faced by property market professionals such as the global financial crisis, the change in financing property and how these pertinent issues transcend into property market dynamics. This will furnish students with the necessary tools to enable them to formulate a response and debate the complexities of the issues.

Real Estate Valuation

The module delivers an intensive introduction to the theory, concepts and practice of real estate valuation. The principal components of valuation are explored including underpinning economic principles of value, valuation mathematics, main valuation methods, traditional and contemporary methods, investment appraisal techniques including discounted cashflow analysis and application of methods to real life complex valuation problems. The module employs a practice-based learning approach to facilitate student appreciation of the issues surrounding the valuation or real property interests and the institutional framework within which valuations and appraisals are conducted.

Development Appraisal and Regeneration

This module brings together the core elements involved in the regeneration process including planning, development, financing and management of commercial/residential developments. In particular, the module focuses upon mixed use developments, including the range of contextual forces which give rise to development of certain types in specific locations and to meet policy objectives concerning the sustainability of urban communities.

Real Estate Investment Analysis

This module places real estate within the wider context of the general investment market. It considers property from the point of view as a single asset or held within a portfolio of assets. The module integrates aspects of investment analysis in terms of property risk and returns,and applies contemporary valuation techniques to determine market value and investment worth.

Real Estate Asset Management

This module is underpinned by theory and principles of land law, economics and valuation introduced in the first semester modules, notably The Real Estate Environment, developing and integrating the various elements in the context of the management of operational and investment assets, to complement the content of the valuation, investment, development and market analysis modules.

It draws on knowledge, concepts and skills introduced and developed earlier from throughout the course, bringing them together within the context of strategic real estate asset management practice.

International Real Estate Markets

The rational for the module is to provide students with a practice-based understanding of the international context of real estate markets. The module examines international property, with particular attention given to international property investment including the factors influencing property market dynamics. The development of international property investment is assessed by considering the structure of mature, developing and emerging property markets. The performance of both direct and indirect international property is also examined to assess the strategic contribution of international property in an investment portfolio.

Sustainable Real Estate

This module is designed to provide the student with an understanding of sustainable real estate principles and current sustainability practice. It will prepare students for industry by exposing them to best practice and ensuring that they can embed sustainability principles into their real estate decision-making processes.

Optional Modules

Real Estate Work Based Project

The real estate work based project provides the opportunity for students to build and apply the knowledge and skills acquired during the taught element of the programme to a practical or theoretical issue relevant to the real estate industry. It provides the opportunity for the students to link theory and practice and further develop their intellectual capacity in a professional environment.

Dissertation

The dissertation provides the opportunity for students to build and apply the knowledge and skills acquired during the taught element of the programme to a research problem relevant to the real estate industry. It provides the opportunity for the students to link theory and practice and further develop their evaluative and analytical skills within a research environment.

Attendance

Attendance with on-line support/blended learning.

Full Time attendance: 3-4 days per week.

This is a 12-month commitment (four modules or 60 credits in Semesters 1 and 2 , and one module in Semester 3, total credit points equates 180 for the full masters).

In the full time mode, students take four 15-credit modules per semester and each module equates to a student effort of 150 hours, made up of direct contact hours (i.e. that 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 semester 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 4 modules = 20 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 3-4 days in the full time mode across 12 weeks per semester. Where possible, there is some timetable provision for evening classes to accommodate part-time students work commitment. However, this is reviewed on an annual basis subject to staff and room resources.

Start dates

  • September 2020
  • January 2021

Teaching, Learning and 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.

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    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:

    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.

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.

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    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.

Jordanstown campus

The largest of Ulster's campuses.


Accommodation

Jordanstown is our biggest campus in an idyllic setting surrounded by lush lawns and trees. It's just a few hundred metres from Loughshore Park and promenade, and just seven miles from Belfast city centre.

Find out more - information about accommodation  


Sports Facilities

At our Jordanstown Campus we have world class facilities that are open all year round to our students and members of the public.

Find out more - information about sport  


Student support

At Student Support we provide many services to help students through their time at Ulster University.

Find out more - information about student support  


Jordanstown campus location info

  Find out more about our Jordanstown campus

Address

Ulster University
Shore Road
Newtownabbey
Co. Antrim
BT37 0QB

T: 028 7012 3456

Standard 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.

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.

United States of America flagAdditional information for students from United States of America

Postgraduate

Typically we require applicant for taught programmes to hold the equivalent of a UK first degree (usually in a relevant subject area). Please refer to the specific entry requirements for your chosen course of study as outlined in the online prospectus. We consider students who have good grades in the following:

Typically, we require applicants for taught programmes to hold the equivalent of a UK first degree. 

Please refer to the specific entry requirements for your chosen course of study as outlined in the online prospectus.

The comparable US qualifications are as follows:

Qualification

UK 2:1 Degree - Bachelor degree with a cumulative GPA of 3.0 out of 4

UK 2:2 Degree - Bachelor degree with a cumulative GPA of 2.6 out of 4


Financial Information

In addition to the scholarships and bursaries open to all international students, US students may apply for Federal and Private US loans

English Language

Qualification
Level 12 English Lang in HSD

View more information for students from United States of America  

Careers & opportunities

Career options

Real estate professionals have a key role to play in advising multi-national companies, major financial institutions, property companies, banks, governments and other public sector organisations around the world. This may be transactional business advice on the purchase, sale, leasing and acquisition of commercial real estate or it may be professional advisory services 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.

Our MSc graduates enter a wide variety of employment including development and investment firms, banks and financial institutions, consultancy, agency, asset management, real estate research, education, housing management and the public sector.

Professional recognition

Royal Institution of Chartered Surveyors (RICS)

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

Apply

Start dates

  • September 2020
  • January 2021

Fees and funding

Scholarships, awards and prizes

Scholarship

There is a Knight Frank (Ireland) part sponsor scholarship available to a highly qualified candidate, accepted onto the MSc Real Estate programme on a full time basis. The scholarship will be awarded on a partial fee basis, whereby a portion of the fees will be paid by Knight Frank, (up to a max of £1,000). In addition to the scholarship there is potential for a three month summer internship with Knight Frank in Dublin.

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.

Contact

Admissions contact for entry requirements
Sharon Moore
T: +44 (0)28 9036 6018
E: s.moore@ulster.ac.uk

Centralised Admissions staff
T: +44 (0)28 9036 6309
​E: admissionsjn@ulster.ac.uk

Course specific enquiries
Dr Jasmine Lay-Cheng Lim
Programme Director
T: +44 (0)28 9036 8562
E: lc.lim@ulster.ac.uk

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 - Elizabeth O’Hara

Position - Chartered Surveyor, Cushman and Wakefield (formerly DTZ), Ireland

Background

I had previously completed a degree in Economics and Geography at University College Dublin.

Why did you choose postgraduate study at Ulster?

Ulster, offered me coming from a non property related degree to cross over to the real estate discipline. Studying at Ulster would also allow me to explore the city of Belfast and meet new people.

How has your postgraduate course at Ulster enhanced your career?

The Real Estate MSc course at Ulster has enhanced my prospects greatly. I am due to take up employment with a highly regarded commercial property company in Dublin on completion of the course as a Graduate Surveyor. Ulster Real Estate, MSc being RICS accredited will allow me to fulfill my future goal of completing my APC and becoming a chartered surveyor.

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 next to none. The ability and drive to keep the course current and the exposure to the key players/professionals from the industry from day one, highlights the reputation the course has throughout the property industry. When I go out into industry, I feel I will be well prepared from an academic and business perspective.

What skills and knowledge have you gained?

Core module helped me gain an understanding of the development and investment appraisal, sustainability, asset management, valuation, international real estate. Giving me an excellent grounding in the knowledge needed to embark on my career within the property industry.

How did you find balancing work, family and study?

Despite the MSc being highly work demanding, I was able to keep up my part time job. The lecturers were able to be somewhat flexible in regards to the delivery of modules allowing me to balance my work, family and study life.