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Overview

Be inspired, study Real Estate at Ulster.

Summary

Study Real Estate at Ulster University in the United Kingdom.

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

The rationale of the Master's Programme 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.

Attendance

Attendance with online 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 2016
How to apply

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.

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

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.

Apply

To apply for this programme go to http://www.ulster.ac.uk/apply/how-to-apply

How to apply

Start dates

  • September 2016

Fees and funding

In this section

Fees (total cost)

Northern Ireland & EU:
£5,150.00
International:
£12,890.00

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 a field trip and this is a compulsory element of a Semester Two module called International Real Estate Markets. 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 is billed separately will be in the region of £750 - £1,000 depending on location.

Tuition fees and costs associated with accommodation, travel and normal living are a part of university life. 

Where a course has additional mandatory expenses we make every effort to highlight them in the online prospectus. 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

Faculty Office:

T: +44 (0) 28 9036 6521

E: adbe@ulster.ac.uk

Testimonials

Name - Mark Duffy Graduated year - 2014

Background

I had previously completed a Business with Marketing BA at Northumbria University.

Why did you choose postgraduate study at Ulster?

Ulster, with its Real Estate MSc offered me a route into the world of commercial property. I felt the module mix was one that would not only be challenging, but also rewarding.

How has your postgraduate course at Ulster enhanced your career?

The Real Estate MSc course at Ulster University has enhanced my prospects greatly. I am now a Graduate Surveyor within a highly regarded commercial property company and able to continue my personal & professional development. Within a 2-3 year time frame I hope to become a chartered surveyor. These future goals and opportunities are a direct result of having chosen the Real Estate MSc at Ulster University.

What has Been the best Thing about your course? (eg quality of teaching, Support Received, flexible Delivery, Links with Industry, Networking Opportunities)

The support given throughout the course was excellent. Having come from a non-property related background at undergraduate level, I felt that the lecturers where always on hand, and welcomed any questions I had for them. I would have to say the exposure that was granted to industry practitioners throughout the year was a real highlight of the course.

What skills and knowledge have you gained?

A good understanding of property investment valuation and development appraisal, along with an appreciation of ongoing asset management.

How did you find balancing work, family and study?

Despite being work intensive as any postgraduate course would be, the lecturers were able to be somewhat flexible in regards to the delivery of modules, allowing the students to facilitate other aspects of life such as work.