Valuation 1 (15 credits)
Postgraduate
MSc/PgDip/PgCert
Real Estate and Property Management
School of Science, Engineering and Environment
Attendance
Full-time
Part-time
Distance Learning
Course
One year
Two and a half year
Next enrolment
January 2021
In a nutshell
Location has long been a buzzword and the global property markets always attract attention. If you're looking to move your career into property, this dedicated postgraduate course provides an excellent working knowledge of commercial property and developments, with relevance to national and international markets.
It is no surprise that many graduates and professionals seek careers in property. With global relevance and rewarding returns, property and real-estate management can provide exciting career paths. Accredited by the Royal Institution of Chartered Surveyors (RICS), with exemption from their academic entry requirements, this postgraduate degree is ideal for graduates and professionals from a broad range of backgrounds to build relevant knowledge and skills.
During your studies, you'll be equipped to value and manage urban land and buildings in both public and private ownership. You'll consider the environmental considerations of development and management, and examine digital technology driving change. You'll 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.
There are few better locations in the UK to study property and real-estate. Led by academics with industry experience, we're at the heart of the UK's largest property and construction market outside of London, with a host of local case studies and live projects to study.
The full MSc award is fully accredited by the Royal Institution of Chartered Surveyors (RICS), allowing exemption from their academic entry requirements.
You will:
- Learn about the workings of the commercial property market and its relevance to national and international financial and investment markets
- Study advanced current investment and appraisal techniques
- Gain an understanding of legal, economic, planning, technical and facilities management factors in property management decision making
- Understand the environmental considerations of real estate development and management
International
students accepted
This is for you if...
1.
You're new to the commercial property sector and looking to develop a career
2.
You're an established property professional who wants to formalise your real estate and property management skills with an accredited qualification
3.
You're excited by the property sector and have the determination to take on new challenges
All about the course
The Real Estate and Property Management postgraduate degree course comprises eight carefully-designed modules plus one research-based dissertation project.
The MSc award comprises eight taught modules plus the dissertation. The PgDip comprises eight taught modules. The PgCert award comprises four specified taught modules.
You can choose to study the course full-time or part-time on campus, or part-time via distance learning.
- Full-time students will complete four 15-credit taught modules in each of of the first two trimesters on campus. In the final trimester, you will complete a dissertation worth 60 credits.
- Part-time students will complete two 15-credit modules in each of of the first four trimesters on campus. In two additional trimesters, you will complete a dissertation worth 60 credits.
- Distance learning students will complete two 15-credit taught modules in each of your first four trimesters. In two additional trimesters, you will complete the dissertation online, with tutor support.
Modules
Gain the fundamentals for all aspects of real estate valuation covering valuation calculations and methodology to the RICS Guidance and mandatory applications.
Valuation 2 (15 credits)
Continue to learn the fundamentals for all aspects of real estate valuation covering valuation calculations and methodology to the RICS Guidance and mandatory applications.
Building Law Principles (15 credits)
In this module, you'll explore topics related to building law principles:
- Principles of contract law
- Introduction to building contracts
- Negligence & the duty of care
- Occupiers’ liability & building defects
- The land-related torts
- Introduction to commercial leases
Property and Asset Management (15 credits)
Learn about business lease covenants, particularly repairing obligations, service charges, user, alterations & improvements, assignment & sub-letting, rent and rent review.
You will also learn about enforcement and remedies for breach of covenant, and lease renewal within & outside the Landlord and Tenant Act 1954 (Part II).
Planning and Development Control (15 credits)
In this module, you will look at topics related to planning and development control:
- Central & local planning policy
- Development plans
- Operations and development control
- Applications for planning permission
- Permitted development & material considerations
- Role of building control
- Appeals & enforcement
Property Development (15 credits)
Learn about 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.
Building Technology (15 credits)
In this module, you'll examine a range of topics related to building technology:
- Sites and foundations
- Domestic scale construction
- Environment and services
- Large buildings
- Building high and wide
Building Efficiency and Pathology (15 credits)
In this module, you will explore space utilisation, facilities management, recognising defects in buildings in different categories and the correction methods.
Dissertation
This module allows you to develop a research proposal with clear aims and objectives related to the programme of study. With support and training in research methods, you will undertake critical analysis of existing research and engage in various forms of recognised research in order to produce a sustained, sophisticated, and logical argument in the form of a written dissertation.
Please note that it may not be possible to deliver the full list of options every year as this will depend on factors such as how many students choose a particular option. Exact modules may also vary in order to keep content current. When accepting your offer of a place to study on this programme, you should be aware that not all optional modules will be running each year. Your tutor will be able to advise you as to the available options on or before the start of the programme. Whilst the University tries to ensure that you are able to undertake your preferred options, it cannot guarantee this.
School of Science, Engineering and Environment
Rising to the challenge of a rapidly changing world, our multi-disciplinary courses will shape the next generation of urbanists, scientists, engineers, consultants and conservationists. Shaped by industry and delivered by supportive programme teams, you can develop the skills to become unstoppable in your career.
Facilities
On campus, you will experience a modern learning environment, enriched with accessible lecture theatres and AV-equipped classrooms, computing suites and multimedia libraries, with access to industry journals, databases, and simulation software. Online, you will experience our sophisticated virtual learning environment.
As a built environment student, you might encounter Energy House – the only fully climate controlled terraced-house in the world, or THINKlab, our virtual research and collaboration ecosystem.
Programme Team
The Real Estate and Property Management postgraduate programme is delivered by an academic team with extensive research and subject knowledge. The team is part of a global built environment community with prominence in shaping construction industry best practice.
What about after uni?
EMPLOYMENT
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. There are also opportunities in corporate sectors, working 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.
Course graduates are highly-regarded by employers and many alumni have progressed to work in corporate, financial, government and private sectors to create property, investment and business solutions. Typical roles taken include commercial estate agency, investment appraisal, property finance, development appraisal, property valuation, property management, strategic corporate real estate management and rating and taxation matters.
FURTHER STUDY
Globally, the urban built environment is becoming the predominant place for livelihoods. Many real estate postgraduates choose research to further their knowledge of key built environment challenges. Learn more about postgraduate research opportunities available through our Doctoral School.
The Centre for Urban Processes, Resilient Infrastructure and Sustainable Environments at Salford hosts a community of academics, practitioners and researchers at the forefront of exploring how we can enhance our built environments at both the local, national and international scales.
Career Links
This course is extensively informed by collaboration between the university’s academics and industry partners from the built environment. Our experienced teaching team maintain strong links with the architecture, engineering and construction sectors, both local and international.
This collaboration with the professions ensures a stimulating range of external guest lecturers, as well as career networking opportunities. You will benefit from field visits, practitioner-led lectures and real-world problem-solving work developed for and by industry.
What you need to know
APPLICANT PROFILE
The course is recommended for graduates from a broad range of subject areas, including the arts, sciences, law or business, as a gateway to a future real estate sector career. This course is also relevant for current professionals who want to formalise their existing skills with an accredited qualification.
No prior knowledge of property, real estate or construction is required, however it is a broad and challenging field, so it is important that you are prepared for the scope of the learning material.
ENGLISH LANGUAGE REQUIREMENTS
International applicants must demonstrate proficiency in English. An IELTS score of 6.0 (with no element below 5.5) is proof of this.
Standard entry requirements
Undergraduate degree
Applicants must have a minimum of a second class honours degree (2:2).
Alternative entry requirements
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).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.
How much?
| Type of study | Year | Fees |
|---|---|---|
| Full-time home | 2020/21 | £8,460per year |
| Full-time international | 2020/21 | £13,320per year |
| Part-time | 2020/21 | £1,410 per 30 credits |
| Distance learning | 2020/21 | UK/EU: £1410 per 30 credits. International: £1,845 per 30 credits |
| Full-time home | 2021/22 | £8,640per year |
| Full-time international | 2021/22 | £15030per year |
| Part-time | 2021/22 | £1,440 per 30 credits |
| Distance learning | 2021/22 | UK: £1,440 per 30 credits. International: £1,890 per 30 credits |
Additional costs
You should consider further costs which may include books, stationery, printing, binding and general subsistence on trips and visits.
Scholarships for international students 2021/22
If you are a high-achieving international student, you may be eligible for one of our international scholarships worth up to £5,000. Our international scholarships include the Built Environment Postgraduate Silver Award worth £1,500, and the Salford International Excellence Scholarship.
Visit our International Scholarships page for more information