Course One

Course Timings: Registration will be at 08.00 on Day One of each course. Each day will commence at 08.30 and conclude at 14.30 with lunch. There will be two refreshment breaks at appropriate intervals.

• Overview Of Real Estate
  - Real estate as an investment
  - Real estate space market
  - Participants in real estate asset, space and development markets

• Introduction To Real Estate Economic Analysis
  - Supply and demand dynamics in real estate space and asset markets
  - Overview of urban economics

• Market Analysis
  - Highest and best use
  - Data gathering and analysis
  - Employment and population forecasting
  - Forecasting demand for various types of real estate properties

• Real Estate Finance And Valuation
  - Time and risk value of money
  - Capitalisation approach to valuing real estate developments
  - Building a real estate financial statement
  - Income or discounted cash flow approach to valuation
  - Determining the discount rate

• Understanding Land Value
  - Land as the only immovable factor of production of a real estate property
  - Residual nature of landholder’s claim on the real estate property

• Financing Decision
  - Types of mortgages
  - Effect of leverage on the risk and return
  - Tax benefit of leverage in taxed environments
  - Securitisation