University of Liege | Version française
Academic year 2014-2015Value date : 12/05/2015
GEOG0618-1  Real estate markets

Duration :  15h Th, 15h Pr
Number of credits :  
Advanced Master in Urban and Regional Planning2
Master en sciences géographiques, orientation géomatique et géométrologie, à finalité spécialisée, 2nd year3
Lecturer :  Jean-Marie Halleux
Language(s) of instruction :  
French language
Organisation and examination :  
Teaching in the first semester, review in January
Course contents :  
The course is made of three main parts:

1. Clarification of the main concepts
1.1. Land and property
1.2. The property right
1.3. The market
1.4. The urban land supply
1.5. Land and property developments



2. The main economic mechanisms
2.1. Perfect competition and the formation of prices
2.2. Perfect competition and the functioning of the markets
2.3. The hedonic approach of property prices
2.4. Land and property developments

2.5. Land and property investments


3. The intervention of public authorities on land and property markets
3.1. What is land policy?
3.2. Spatial planning
3.3. Betterment and compensation
3.4. The sector-based objectives
Learning outcomes of the course :  
In relation to geography
To integrate the comprehension of land and property mechanisms in the general organisation of urban spaces

In relation to planning and governance
To develop knowledges in the domain of land policy


In relation to geomotrology

To complete the lectures in law, architecture and building in order to prepare the students to the property evaluation
Prerequisites and co-requisites/ Recommended optional programme components :  
Courses of statistics, spatial analysis and spatial planning
Passive knowledge of English
To be open-minded concerning social and economic problems.
Planned learning activities and teaching methods :  
Synthesis of scientific articles related to the field of land and property markets. Expert and professionals intervention.
Mode of delivery (face-to-face ; distance-learning) :  
Alternatively phases of theoretical lectures, phases of student presentation and external experts presentation.
Recommended or required readings :  
Detailed diaporamas, bibliography, technical notes and scientific artcles available via MyUlg
Assessment methods and criteria :  
The assessment will be realized in two steps:
1. via the workshops (10 % of the quotation);
2. via an oral exam on both, the theoretical lectures and the seminars (90 % of the quotation).
Work placement(s) :  
Organizational remarks :  
No object
Contacts :  
J.-M. Halleux, Institut de Géographie,
Sart Tilman, B11 - 4000 Liège
tél. : 04/366 53 27 - fax : 04/366 56 30
e-mail : Jean-Marie.Halleux@ulg.ac.be
Secrétaire :
C. Sarto, Institut de Géographie, Sart Tilman, B11 - 4000 Liège
tél. : 04/366 56 23 - fax : 04/366 56 30
e-mail : C.Sarto@ulg.ac.be



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