Description:
| Aims: To seek to:
* Identify the principles of investment with special emphasis on property as an investment medium
* Review the process of initiating and undertaking a property development
* Examine those evaluation techniques that are appropriate for assessing the investment potential of property development
* Identify and examine the components of economic viability studies and the methods of quantifying the economic returns for proposed property development
* Explore risk management in the context of property development.
Learning Outcomes: After taking this unit the student should be able to:
* Describe the characteristics of the property market
* Apply the principles of design economics to building design
* Select and use a range of investment assessment methods.
Skills: Intellectual skills
To problem solve through a series of self assessment questions - facilitated and assessed
To understand and analysis taught material - taught
Professional/Practical skills
Ability to apply an appropriate investment assessment method to a 'live site' - taught and assessed
Transferable/Key skills
To synthesis and critically review taught material - facilitated and assessed
To communicate ideas, analyses in writing - facilitated and assessed.
Content: Introduction to investment, characteristics of property, the property development process, design economics, evaluating investment alternatives, economic viability studies, equity and debt relationships, risk management.
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