Property Market Analysis
- Module code
- Module leader
- Simon Huston
- Module level
- Module credits
- Min study time
- 150 hours
- Contact Hrs within study time
- 35 hours
- Teaching period
- Semester 2
This module equips students with the theoretical underpinnings and practical tools to gather, analyse and evaluate appropriate data for sound property market analysis. It builds on knowledge gained in the Property Economics module. Students collect selective market evidence using diverse sources, including industry databases like CoStar and EGi. Students learn to critically analyse market evidence, clean data, trim outliers and compute and interpret descriptive statistics. Students learn the basics of econometric, hedonic and ARIMA modelling techniques. Students use statistical analysis, hedonic modelling and trend analysis to evaluate the situation and prospects for diverse residential, commercial and leisure markets.
To achieve credit for this module, students must be able to:
- Critically examine market data to identify performance and trends;
- Evaluate the likely impact of changes in the economy on market performance;
- Explain the interactions of the UK property market and the macro economy.
|Coursework||In-class test – statistical market analysis and report||100%|
Students should be familiar with the content of at least one of the following:
- Ball, M., Lizieri, C. and McGregor, B. D. (1998) The Economics of Commercial Property Markets. Routledge, pp.416.
- Brooks, C. and Tsolacos, S. (2010) Real Estate Modelling and Forecasting. Cambridge University Press, 1 ed., pp.474.
- Jowsey, E. and Harvey, J. (2003) Urban Land Economics. Palgrave Macmillan,6 ed., pp.480.
- Beardshaw, J., Brewster, D., Cormack, P. and Ross, A. (2001) Economics: A Student’s Guide. Financial Times/ Prentice Hall, 5 ed., pp.760.
- Jadevicius, A., & Huston, S. H. (2014) Education Briefing: A ‘Family of cycles’ - major and auxiliary business cycles. Journal of Property Investment & Finance, Vol.32, No.3, pp.6-6.
- Jadevicius, A., Sloan, B. and Brown, A. (2013) Property market modelling and forecasting: a case for simplicity. In: 20th Annual Conference of the European Real Estate Society (ERES), Vienna, Austria, pp.10.
- Koop, G. (2006) Analysis of Financial Data. John Wiley & Sons, pp.252.
- Stutely, R. (2010) The Economist Guide To Economic Indicators: Making Sense of Economics. Economist Books 7 ed., pp.256.