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| GEOG0618-1 | Real estate markets
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| Duration : | 15h Th, 15h Pr |
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| Credits/ECTS : |
| Advanced Master in Urban and Regional Planning | | Toute l'année | | 3 |
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| "licencié" in geographical sciences (geomatics and geometrology option), 2nd year | | | | 3 |
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| Master in Geographical Sciences, general orientation, in-depth approach, 1st year | | Toute l'année | | 3 |
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| Master in Geographical Sciences, general orientation, didactic approach, 1st year | | Toute l'année | | 3 |
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| Master in Geographical Sciences, general orientation, specialized approach, 1st year | | Toute l'année | | 3 |
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| Holder(s) : | Jean‑Marie Halleux |
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| Language : | Langue française |
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| Course contents : | The course is made of three main parts:
1. The major characteristics of land and property markets
1.1. Introduction to the economic concept of market
1.2. The "land" production factor and the production of the morphological urbanisation
1.3. The land is not produced: the land rent
1.4. The intervention of public authorities on land and property markets
1.5. The relationships between service markets and asset markets
2. The formation of land and property prices
2.1. Analysis of the housing service in pure concurrence
2.2. The hedonic approach of land and property markets
2.3. Property development and production cost evaluation
2.4. Property evaluation through the actualization method
3. The land market within the context of new residential urbanisations in Belgium
3.1. The socio-economic characteristics of the demand
3.2. Price levels and activity levels on residential land markets |
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| Course objective : | To integrate the comprehension of economic mechanisms in the field of land and property markets. To integrate technical, planning, juridical and economic diagnostics in order to develop an appraisal on the financial value of land and property goods. |
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| Prerequisites : | Good basic knowledge of micro and macro-economy.
To be open-minded concerning social and economic problems. |
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| Workshops : | Data analysis on land and property prices. Synthesis of scientific articles related to the field of land and property markets. Expert intervention. |
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| Organization : | Alternatively phases of theoretical lectures, phases of data treatment and phases of student presentation. |
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| Written notes : | Original written notes with ± 150 pages. |
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| Assessment : | The assessment will be realized in two steps:
1. via the workshops (1/3 of the quotation);
2. via an oral exam (2/3 of the quotation). |
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| Contacts : | J.-M. Halleux - téléphone : 04/366.53.27 -
e-mail : Jean-Marie.Halleux@ulg.ac.be |
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