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Real Estate and Property Management

MSc/PgDip/PgCert

School - School of the Built Environment

Subject area - Built Environment

Start Date(s): September; January

Duration:

September intake

MSc (one year full-time / full-time distance learning or two years and four months part-time / part-time distance learning)

PgDip (eight months full-time / full-time distance learning or one year and eight months part-time / part-time distance learning)

PgCert (four months full-time / full-time distance learning or eight months part-time / part-time distance learning)

January intake

MSc (one year and four months full-time / full-time distance learning or two years and eight months part-time / part-time distance learning)

PgDip (one year full-time / full-time distance learning or two years part-time / part-time distance learning)

PgCert (four months full-time / full-time distance learning or one year part-time / part-time distance learning)

Fees 2018-19:

2019-20 fees will be displayed shortly.

Part-time - £1,332 per 30 credit module

UK - £7,992

International - £12,600

Distance Learning - £1,332 per 30 credit module

In Brief:

  • The full Masters degree is accredited by the RICS
  • Flexible  study options and intakes give students the opportunity to work and study at the same time
  • Learn skills directly related to the practice of the real estate profession
  • Part-time study option
  • International students can apply

Course Summary

Are you new to property or looking to pursue a career in the field? If so, then this course was developed with you in mind. The programme of study will equip you with an excellent working knowledge of the commercial property market, including its relevance to national and international financial and  investment  markets.

This course will provide you with the knowledge and skills required to develop a successful career in the corporate property industry. You will become professionally competent in applying advanced investment and appraisal techniques, and learn how to make sound property management decisions that take  into  account  legal, economic, facilities management and planning variables.

Studying this course will equip you with knowledge and expertise in the valuation and management of urban land and buildings in both public and private ownership. There is also a focus on IT and its application to the property industry, as well as the environmental considerations of real estate development  and  management.

The full Masters award is accredited by the Royal Institution of Chartered Surveyors (RICS), allowing exemption from their academic entry requirements, as well as ensuring that you will be educated to the highest industry standards.

Find out more about the School of the Built Environment

https://vimeo.com/239835082

Awards and Accreditation

Course Details

You will learn:

  • The workings of the commercial property market and its relevance to national and international financial and investment markets
  • Advanced current investment and appraisal techniques
  • Legal, economic, planning, technical and facilities management factors in property management decision making
  • IT and software used in the property industry
  • Environmental considerations of real-estate development and management

Course Structure

This course can be studied full-time on campus or part-time by distance learning. Admission onto the course is in September or January.

The Masters award consists of eight taught modules followed by a dissertation. The PgDip requires the completion of the eight taught modules and the Pg Cert requires the completion of four taught modules. All modules are delivered over a 15 week period within one semester and are assessed through coursework,  there are no exams. 

For the full-time study option:

You will study four 15 credit taught modules in each of your first two semesters on campus, these are designed to give you the core knowledge required for real estate and property management. In the final semester you will undertake a dissertation worth 60 credits.

Distance learning study options are available in full-time and part-time modes:

For students who study distance learning at full-time mode, four 15 credit taught modules are studied per semester. You will complete a dissertation worth 60 credits in the final semester.

For the students who study distance learning at part-time mode, two 15 credit taught module is studied per semester. You will undertake a dissertation worth 60 credits at the final two semesters.

Module assessment is driven by real-world issues aligned to your workplace and job role. Teaching is based around a virtual learning environment supported by interactive online sessions. The dissertation module is also delivered online and incorporates extensive tutor engagement and support.

Featured modules:

The fundamentals to all aspects of real estate valuation covering valuation calculations and methodology to the RICS Guidance and mandatory applications
- Principles of contract law- Introduction to building contracts- Negligence and the duty of care- Occupiers' liability and building defects- The land-related torts- Introduction to commercial leases
- Business lease covenants, particularly repairing obligations, service charges, user, alterations improvements, assignment; sub-letting, rent and rent review- Enforcement and remedies for breach of covenant- Lease renewal within and outside the Landlord and Tenant Act 1954 (Part II)
- Central and local planning policy- Development plans- Operational and development control- Applications for planning permission- Permitted development and material considerations- Role of building control- Appeals and enforcement
This module focuses on the evaluation of land for development potential, the residual method of valuation, sensitivity analysis, development viability, discounted cash flows and calculating the internal rate of return
- Sites and foundations- Domestic scale construction- Environment and Services- Large Buildings-  Building high and wide
This module looks at space utilisation, facilities management, recognising defects in buildings and possible correction methods.
You will develop a research proposal with clear aims and objectives related to the programme of study. With support and training in research methods, you will carry out critical analysis of existing research and engage in various forms of recognised research to produce a sustained, sophisticated, and logical argument in the form of a written dissertation

Entry Requirements

Applicants of this course must have a minimum of a second class honours degree. We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

Accreditation of Prior Learning (APL)

We welcome applications from students who may not have formal/traditional entry criteria but who have relevant experience or the ability to pursue the course successfully.

The Accreditation of Prior Learning (APL) process could help you to make your work and life experience count. The APL process can be used for entry onto courses or to give you exemptions from parts of your course.

Two forms of APL may be used for entry: the Accreditation of Prior Certificated Learning (APCL) or the Accreditation of Prior Experiential Learning (APEL).

English Language Requirements

International students must provide evidence of proficiency in English - IELTS 6.0 with no band below 5.5 or an equivalent qualification are proof of this.

Suitable For

New entrants to the commercial property sector or anyone looking to forge a career in the field. A strong academic background is necessary, but prior study of real estate or property is not required.

This course is also suitable for established property professionals who want to formalise their real estate and property management skills with an accredited qualification.

Applicant profile

You will have determination and the will to take on new challenges. Interest, determination and good time management are not only critical to success on the course but are also key attributes of professional practice.

Although no prior knowledge of the subject area is necessary it is important that you are prepared for the range and diversity of the material that needs to be covered and that you are able to take the initiative yourself once guidance has been given. We also recognise that some applicants will not meet our academic entry requirements but will have professional experience in practice and may still be considered suitable if that experience is extensive, relevant and at a sufficiently high level. Such matters would are considered on their own merits at the time of application.

Fees 2019-20

Fees for entry in 2019 will be displayed shortly.

Fees 2018-19

Type of StudyFee
Full-time£7,992
Part-time£1,332 per 30 credit module
Full-time International£1,755 per 30 credit module
Full-time International£12,600
Distance Learning£1,332 per 30 credit module
International Distance Learning£1,755 per 30 credit module

Additional costs

You should also consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.

Scholarships and Bursaries

For more information please see our funding section

NOTE: If you're an English-resident, or EU national, you may be eligible for a postgraduate loan of up to £10,280 to study a taught master's with us. The part-time distance learning September entry onto MSc Real Estate and Property Management is not eligible for the postgraduate loan.

Teaching

On-campus study comprises lectures, tutorials and project work.

Lectures introduce the core knowledge for each module. Tutorials provide a forum for discussion and debate with personalised instruction from tutors and project work is your chance to use research and other techniques to develop solutions to prescribed tasks. Throughout the course, experts from various fields are invited to deliver guest lectures and field trips are organised to give you an insight into the workings of the industry.

If you’re studying via distance learning, you’ll enjoy access to an internet-based learning environment backed up by intensive tutor support. Weekly online tutorials are led by tutors and encourage student interaction. Our online repository of learning material enables you to undertake self-directed study at your own convenience. Learning is driven by real-world problems with application to your workplace and job role.

Assessment

You will be assessed through written coursework (100%) and continuous informal assessment by your tutors.

Employability

Career Prospects

With this qualification, you’ll be well placed to find rewarding work in the corporate property industry. You can apply the skills you’ll learn to act for clients on the purchase, letting, management and sale of all types of urban property, including shops, offices and industrial premises.

Our graduates are highly regarded by employers, enjoy excellent career prospects and have gone on to work within corporate, financial, government and private sectors to create property, investment and business solutions. They often find themselves specialising after an initial period in the field in areas such as the following: commercial estate agency, investment appraisal, property finance, development appraisal, property valuation, property management, strategic corporate real estate management and rating and taxation matters.

This course primarily equips you with knowledge and expertise in the valuation and management of urban land and buildings in both public and private ownership. In addition, advice may be sought by clients on matters relating to investment, finance, planning, development, refurbishment, landlord and tenant relationships and a wide range of other issues.

Employment opportunities are extensive and range from local property consultancies to positions in large, multi-office practices with regional, national and international representation. There are also many opportunities in the institutional and corporate sectors with organisations such as insurance companies, pension funds, property companies, multiple retailers and other major trading companies. Some local authorities and central government departments also maintain an 'in-house' team of property professionals.

Links with Industry

The full Masters award is fully accredited by the Royal Institution of Chartered Surveyors (RICS), allowing exemption from their academic entry requirements.

Guest lecturers from the real estate sector with expertise in relevant areas are invited to give lectures throughout the duration of the course. Field trips are organised in co-operation with local real estate companies - these give full-time students the opportunity to visualise what they learn and apply it to a real-world context.

The School of the Built Environment enjoys excellent links with the local, national and international property industry. This programme meets the needs of the industry by providing formal postgraduate level education for new entrants to the commercial property sector.

Further Study

The School of the Built Environment has an exciting and vibrant research community engaged in advanced research in the built environment, please see www.salford.ac.uk/research/best and www.salford.ac.uk/research/uprise for more information.

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