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Property Economics / Eacnamaíocht Réadmhaoine

DT110

What is... Property Economics?

The Property Economics course educates students for professional careers in commercial property investment and development i.e. retail (shopping), office and industrial. Graduates can work in valuation surveying, real estate, property investment and management, auctioneering and estate agency in Ireland and abroad. It is also suitable for those interested in property development, town planning and the general investment market.

What are my... Career Opportunities?

Graduates are principally employed by property consultancy firms, such as Lisney, Savills, Jones Lang Lasalle, DTZ Sherry Fitzgerald and CBRE. They also find work with auctioneers & estate agencies, property development companies, local authorities and major property owning companies, both public and private such as the ESB, the Bank of Ireland, HSE and Irish Life in the area of property and asset management.
The skills you will obtain on the course are not just valued in the property and construction industries, but can be used to establish careers in business, accountancy, banking, law, marketing, investments etc. as well as their target industries.

The BSc (Hons) degree is accredited by the Society of Chartered Surveyors in Ireland (SCSI) and also by the Royal Institution of Chartered Surveyors (RICS). This accreditation is recognised internationally and means that graduates of the course can and do obtain employment throughout the world.

What other options do I have after completion?

Students have the opportunity to study abroad for a semester on Erasmus Exchange in Hanze University in Grongingen, Holland and also to participate in the European Challenge Competition in Berlin. In addition, as part of the Integrated Project in third year, there is usually a field trip outside Ireland.

Learning Outcomes: What will I Study?

The programme seeks to progressively develop and integrate the various core and complementary disciplines required for the professional education of a property economist or a property asset manager.

It particularly emphasises Property Valuations, which together with the other core modules of Economics, Planning and Investment Analysis gives the Property Economics programme its orientation. For the Property Asset Management & Valuation option in final year, the emphasis is changed somewhat to concentrate on property Asset Management, Housing Studies and Valuation.

Property Valuation is a skill based on the application of economic and financial evaluation techniques to land and buildings.  This skill requires a broad knowledge of a wide range of subjects, and an understanding of the economic, physical and legal framework within which buildings are used and the property market operates.  Thus, the programme is generalist in the sense that its scope is wide but specific in that it seeks to apply knowledge to a particular sector of the economy.  The educational approach seeks to develop in the student the ability to evaluate and integrate information from diverse sources to arrive at a conclusion.  This is a distinctive characteristic skill of the valuer.

In addition, the possession of wider business management and financial analysis skills is becoming an increasingly important requirement for property valuers and property asset managers who wish to develop their careers in the changing circumstances of private practice, in commercial organisations or in the public service.  Consequently, this need is reflected in curriculum content and in the detailed study of the workings of the wider investment markets of which the property market forms part.

Alternatively with the Property Asset Management & Valuation option in final year, the focus is on property as an asset and how it can be used to benefit its owners, users and the general public.

Module Listing

Year 1

  • Investment & Development Valuations
  • Professional Development / Integrated Project
  • Economics
  • Residential Construction Studies and Building Pathology
  • Quantitative Methods/Analysis
  • Financial Management
  • Law
  • Foundation German (option)

Year 2

  • Investment & Development Appraisal Valuations
  • Sustainable Development & Tort Law
  • Economics for Property
  • Commercial Building Studies
  • Quantitative Analysis for Property
  • Property Marketing
  • Land and Conveyancing Law
  • Planning
  • Architecture and Urban Societies
  • Applied Building
  • German for Engineering and the Built Environment (option)

Year 3

  • Statutory Valuations
  • Integrating Real Estate Investment Strategies
  • Planning
  • Urban Economics
  • Research Methods & Proposal Writing
  • Taxation of Property Transactions
  • German for Engineering and the Built Environment (option)
  • Work Placement

Year 4

  • Appraised Statutory Valuations
  • Planning
  • Urban Economics
  • Property Finance & Development
  • Investment Portfolio Analysis
  • Real Estate Challenge
  • Advanced Statutory Investment & Valuations
  • Thesis

In the fourth year each Investment and Valuation Surveying student prepares a major dissertation as part of the final examination.

Those choosing the Property Asset Management option take modules in:

  • Housing; Project Management
  • Shopping Centre Management
  • Asset Management and an Individual Case Study

Are there study abroad options?

Students have the opportunity to study abroad for a semester on Erasmus Exchange in Hanze University in Groningen, Holland and also to participate in the European Challenge Competition in Berlin.

 From September 2016, students will have the option to:

  • Complete a Work Placement module in Year 3
  • Qualify with a BSc in Property Economics (with German).

 As part of the German language option, students may undertake their Work Placement in Germany. 

Further Information

School of Surveying & Construction Management

T: 01 402 3675 (Mr. Martin Hanratty)

E: martin.hanratty@dit.ie

W: www.dit.ie/surveyingconstructionmanagement