The course

Delivery
Full-time, Part-time
Course type
Taught
Location
Edinburgh
Entry date
September

Contact

Overview

Our MSc Real Estate and Planning provides the foundation, knowledge and skills needed to work as a development surveyor or planner. On completion, graduates will be able to work either in the public or private sectors, advising on the complexities of property development to occupiers, investors, developers and planning authorities.

It is designed to build understanding of the complex interactions and uncertainties of the development process. It provides students with the essential knowledge components of economics, valuation, planning, law, and regeneration and sustainability principles. It also develops an appreciation of the skills and tasks inherent in development projects, including community participation, satisfying the statutory planning considerations, undertaking the necessary financial appraisals, and achieving funding to make it happen.

Our students

The course is suitable for students with an interest in pursuing a career either as a chartered development surveyor or as a planner with a specialism in land and property markets. Such opportunities are available in a range of employers in the private and public sector, including local development and regeneration agencies.

Our graduates will be able to:

  • draw on a wide perspective to offer a holistic approach to sustainable development
  • be ready and eligible to undertake the Assessment of Professional Competence of both the RICS and RTPI
  • demonstrate sophisticated intellectual and research skills proficient for a professional career
  • evaluate complex problems and formulate solutions associated with planning and development issues
  • appreciate the values, ethics, responsibilities, and rules governing professional membership of the RICS and RTPI, and the need for professional integrity when advising clients and the public
  • have a respect for diversity and an appreciation of social inclusion as a goal of planning
  • have an awareness of the role that values and attitudes play in managing change in the built environment
  • have an interdisciplinary perspective that draws on the range of disciplines that contribute to the course and within the School of Energy, Geoscience, Infrastructure & Society.

Flexible study options

This course can be studied on campus full-time or part-time. It can also be studied via Online Learning, ideal for those in employment or with other commitments, providing flexible study options that fit around work or family.

Programme duration

  • Full-time: 1 year
  • Part-time: 2 years

Accreditation

Heriot-Watt’s School of Energy, Geoscience, Infrastructure & Society is a leading education centre for planning and surveyor professionals in the UK.

The MSc has full recognition from the educational requirements of the Royal Town Planning Institute (RTPI) and has professional accreditation from the Royal Institution of Chartered Surveyors (RICS).

Detailed course information

Course content

Detailed course guide

This course is composed of eight core courses at PgDip level. For those looking to complete the course at MSc level a Masters dissertation is also required. Students are assessed through a combination of coursework and examination.

Semester 1 Semester 2
  • Urban Economy and Property Markets
  • Spatial Planning
  • Planning Theories
  • Real Estate Appraisal and Valuation 1
  • Governance Participation and Community Planning
  • Environmental Planning
  • Real Estate Development
  • Real Estate Investment Analysis

Urban Economy and Property Market

Semester 1 (mandatory)

This module aims to develop an understanding of the spatial dimensions of property markets, the interaction between the property market and the urban economy and the impact on local property markets on urban management policies.

Spatial Planning

Semester 1 (mandatory)

This course aims to help students to develop a critical understanding of: spatial planning agendas; sectoral and spatial policy frameworks at national, strategic and local levels; legal and ethical frameworks; implementation mechanisms; development management issues; relationships between land and property and planning, including development rights and property rights. The syllabus includes the following subjects:

Reasons for planning; Development Planning; Urbanisation and Urban development; Development and property rights; Development Management; Environmental Assessment; Conservation and Globalisation and urban transitions.

Planning Theories

Semester 1 (mandatory)

This module offers critical exploration of the key intellectual debates about planning theory and practice.

Real Estate Appraisal and Valuation 1

Semester 1 (mandatory)

This course aims to establish the economic context for the creation of value, introduce the principles for the assessment of value in property markets, develop a clear understanding of the valuation process and appropriately apply the principal valuation methods (conventional and contemporary) to a range of property types and interests. Subjects covered by the syllabus include:

Economic context of the property market; The property professions: their role, ethical conduct and regulatory framework; Definitions of price, value and investment value (worth); Introduction to the principal techniques of property valuation; Valuation and appraisal mathematics: Present and Future Value, DCF, NPV and IRR; The valuation process; Analysis of market evidence and measurement practice.

Governance, Participation and Community Planning

Semester 2 (mandatory)

This module aims to develop critical knowledge and understanding of contemporary governance and community planning and the advantages of user participation in the development and delivery of services.

Environmental Planning

Semester 2 (mandatory)

This module provides students with an understanding of environmental management within planning systems both in the UK and internationally, within a context of climate change and improving the environmental and social sustainability of cities.

Real Estate Development

Semester 2 (mandatory)

This course aims to achieve an understanding of the structure and functioning of the contemporary real estate market and of the factors influencing the development decision. Subjects covered by the syllabus include:

The real estate market and the property development industry; The factors influencing the development decision; The techniques of development appraisal including cashflow techniques and risk analysis; The nature of planning agreements and their impact on development appraisal; The general form and content of real estate development and investment finance; The form and content of real estate partnerships including appraisal and financing aspects.

Real Estate Investment Analysis

Semester 2 (mandatory)

This course aims to enable learners to develop an in-depth understanding of property as an investment medium and the application of investment and finance theories to both the general investment markets and the property market. The syllabus consists of the following topics:

Investment theory and the investment decision; the nature of risk and return; the characteristics of property as an investment; the role of property in the multi-asset portfolio; the application of modern portfolio theory; introduction to international real estate portfolio analysis performance monitoring; the emergence of new financial products in the property sector, and market efficiency and the cause of mis-pricing, real estate derivatives.

Career

With strong professional links and a focus on up-to-date industry-relevant content, our Real Estate courses equip graduates with the knowledge and skills to quickly and effectively contribute to the success of their working environment.

On completion of this course graduates will be able to have a comprehensive and integrated understanding of the property market context and the nature and theory of spatial planning and sustainable development. Our Real Estate and Planning graduates have gone on to work in a variety of roles in the private and public sectors, both in the UK and abroad.

We also have a proven track record in research, and a number of our graduates continue in research to complete PhD study.

Entry requirements

Masters (MSc) level entry applicants must have one of the following:

  • Minimum of 2:1 honours degree or equivalent academic qualification in a non-cognate discipline
  • Minimum of 2:2 honours degree or equivalent academic qualification in a related subject area
  • Corporate (or chartered) membership of relevant professional institutions will also be considered

PG Diploma level entry applicants must have an ordinary degree in a related subject area and relevant post qualification industry experience.

Candidates who do not meet the above entry requirements or have no formal academic qualifications will be considered individually based on their CV and possibly interview. Admission via this route will be at the discretion of the Director of Recruitment.

Recognition of Prior Learning

Heriot-Watt University is committed to providing opportunities to applicants who have a wide range of prior experiences through Recognition of Prior Learning (RPL). Prior learning at postgraduate level is normally recognised to gain exemption from individual courses within a course based on an existing academic qualification. Note that the prior learning must have been rated at the level of the courses for which RPL is sought, yet credits from an award already held by an applicant can only contribute to a higher award in the same discipline, e.g. from PG Diploma to MSc. If you believe that you qualify for RPL, please contact the Learning and Teaching Support Team via egis-enquiries@hw.ac.uk, who will guide you through the RPL application procedure.

The school will only consider students' requests for RPL at the time of application for their course of study.

English language requirements

If English is not the applicant’s first language a minimum of IELTS 6.5 or equivalent is required with all elements passed at 6.0 or above. Please refer to English language requirements for further details.

Some applicants may be asked for alternative evidence in line with UKVI recognised English speaking countries. Applicants who have previously successfully completed courses delivered in the medium of English language may be considered and will be required to provide documentary evidence of this. Examples would be secondary school education or undergraduate degree. A minimum of at least one year of full time study (or equivalent) in the medium of English language will be required.

All evidence of English language needs to be dated within two years of the commencement of study.

We also offer a range of English language courses to help you meet the English language requirement prior to starting your master’s programme:

  • 14 weeks English (for IELTS of 5.5 with no more than one skill at 4.5)
  • 10 weeks English (for IELTS of 5.5 with minimum of 5.0 in all skills)
  • 6 weeks English (for IELTS 5.5 with minimum of 5.5 in reading and writing and minimum of 5.0 in speaking and listening)
     

Fees

Tuition fees for 2019 entry (by residency status)
Status* Full-time Part-time
Scotland / Non-UK EU £7168 £3584
England / Northern Ireland / Wales £7168 £3584
Overseas £14960 £7480

* If you are unsure which category you fall in to, you should complete a fee status enquiry form, which allows us to assess your fees.

Scholarships and bursaries

We aim to encourage well-qualified, ambitious students to study with us and we offer a wide variety of scholarships and bursaries to achieve this. Over £6 million worth of opportunities are available in fee and stipend scholarships, and more than 400 students benefit from this support.

View our full range of postgraduate taught scholarships.