In this course, delegates will be introduced to Property. We will look at what makes the property industry tick: how property is built, used, re-used, let, designed, sold and valued in the UK and across the world. In addition, we will look at how its characteristics compare to the other asset classes such as stocks and bonds. We will explain the vocabulary and how it all fits together!
This course will expose delegates to the broader concept of real estate as an investment asset, bringing to life the real estate system, market analysis and urban economics with real case studies. They will be given opportunities to practice how to use real data and scenarios to understand how real estate has come about and how operates in the capital markets.
This course is aimed at professionals new to real estate, working for banks, property consultancies, town planners, architects, data providers, surveying- and construction companies seeking to understand how real estate is formed and how it operates and trades, as well as how it compares to other asset classes.
Who should attend this course:
The Introduction to Property course is suitable for those willing to understand property as an asset class and learn the basic concepts of real estate and urban economics. No prior knowledge is expected.
Duration: 2 days
CPD Hours: 16
Maximum number of delegates: 14
Next Dates: 4 & 5 September, 2017
Characteristics of commercial real estate
Real Estate Economics
The Space Market
- Space market: Immobility of real estate
- Supply, demand and rents
- Planning and development
- Economic base and city growth
- Urban hierarchy
- Classification of cities
Urban Land Value
- “Highest and best use”
- Cities and rents
We introduce key words like capital, the 4 quadrants, yields, income multiplier, cash flow, basis points, percentages, lease hold, freehold, open-ended and closed-ended, REITs, head-line rent, gross and net effective and much, much more. Day 2 will help clarify further.
Real Estate Market Analysis
What is real estate market analysis?
- How to assist business decisions using market analysis?
- Market supply and demand variables
- Data sources
Case study: office space demand in London
Real Estate as an Investment
- Capital markets: public versus private
- Commercial property segmentation
- Lease structures
- Tenants and landlords
Pricing of real estate assets
- Property yields
- Basics of property valuation
Case study: single-let office building valuation
Investment Industry and Asset Allocation
- Investors’ objectives and constraints
- Financial products and vehicles
- Risk-return profiles of stocks, bonds and cash
- Comparing real estate with major asset classes
Perspective of the Institutional Market in the UK and abroad
Recent development in the public capital markets and sources of capital for real estate