2018-2019 / GEOG0618-1

Real estate markets

Duration

15h Th, 15h Pr

Number of credits

 Specialised master in urban and regional planning2 crédits 
 Master in geography : general (120 ECTS)3 crédits 
 Master in geography : geomatics and surveying (120 ECTS)3 crédits 

Lecturer

Jean-Marie Halleux

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit 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 learning unit

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

Prerequisite knowledge and skills

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

Seminars animated by expert and professionals of the real estate sector.

Mode of delivery (face-to-face ; distance-learning)

Alternatively phases of theoretical lectures, phases of student presentation and external experts presentation. The presence is compulsary for the sessions with the experts (the absence will have to be justified)

Recommended or required readings

Detailed diaporamas, bibliography, technical notes and scientific artcles available via MyUlg

Assessment methods and criteria

Via an oral exam on both, the theoretical lectures and the seminars (100 % 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