Property Development

Overview

This module will focus on property development processes in both the private and public sectors, including: the economic, social and political context of property development; property markets and their dynamic; key stages and stakeholders in the development process; the cyclical nature of property development; assessment of scheme viability; principles of project management; housing and sustainable development; redevelopment and the public interest; and the global financial crisis and it's implications. The module is taught through a mix of formal lectures (including a variety of guest lecturers) and study visits.

Learning Objectives

On completion of the module students should be able to:

1. Analyse the economic, social and political context of property development;
2. Describe and explain stages in the property development process;
3. Understand the roles of key actors and agencies in property development in the private and public sectors;
4. Assess the viability of individual schemes and consider how best to generate added value for both particular interests and the wider community;
5. Explain the principles of good project management.

Skills

The main skills outcomes should be:

1. Generic skills: written and oral communication, numeracy, problem solving, use of IT and library services;
2. Professional planning skills: knowledge of the development process; evaluation of development strategies including valuation methods; decision-making in planning including stakeholder perspectives;
3. Client based/business skills: Project management, tendering processes, negotiation of added value and community benefits.

Assessment

Students must get a final mark of 50% or above to pass.