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| GEOG0618-2 | Real estate markets
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| Duration : | 15h Th, 10h Pr |
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| Credits/ECTS : |
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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. To integrate the comprehension of land and property mechanisms in the general organisation of urban spaces. |
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| Prerequisites : | To be open-minded concerning social and economic problems. |
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| Workshops : | Synthesis of scientific articles related to the field of land and property markets. Seminars based on the intervention of experts and professionals. |
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| Organization : | Alternatively phases of theoretical lectures, phases of student presentation and external experts presentation. |
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| Written notes : | Original written notes with ± 150 pages completed by illustrations (PowerPoint). |
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| Assessment : | The assessment will be realized in two steps:
1. via the workshops (1/4 of the quotation);
2. via an oral exam on the theoretical lectures (3/4 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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