Property Economics

By Aedín Dunne - Last update


Get Daily news and updates directly to your Email




Do you have mathematical skills and computer skills? Do you have negotiation skills, presentation skills and think you’d be a great leader? These are just some of the important qualities needed to work as a Property Economist plus many more. This might be a course that will suit you. 

What is Property Economics?

Property economics is concerned with the investment, asset management, development, valuation and research, with a focus on finance and the commercial property market sector in relation to property.

What third level courses are available?

Universities and colleges in Ireland are offering courses in the following subject areas: 

  • Property Economics – TU Dublin (Bolton Street)

Related:

  • Economics/History
  • Economics and Finance
  • Economics with Business
  • Economics/Geography

Studying Property Economics in college

This course is offered by TU-Dublin and is a four year, Level 8 undergraduate course. There are many other courses in different areas of economics and also PLC courses to choose from that may be of interest. Back to this course, however, you will create multiple career opportunities. 

In your first year of any undergraduate course you will gain a strong foundation in the basic principles and subject to help gain a  strong understanding for the years ahead. Your first year will give you an idea of what is to come throughout your degree. Modules you will cover in your first year in this course include Investment & Development Valuations, Professional Development/Integrated Project, Economics, Residential Construction Studies and Building Pathology, Quantitative Methods/Analysis, Financial Management and Law. There is also the opportunity to study a language such as German.

Your second year will introduce you to more in depth and complex modules and information. Modules included in your second year of study will include Economics for Property, Commercial Building Studies, Quantitative Analysis for Property, Property Marketing, Land and Conveyancing Law, Planning and Applied Building among many others.

Your third year will require you to do a work placement to become familiar with working in this area and to gain hands-on experience. As well as this, you will focus on modules from Statutory Valuations, Integrating Real Estate Investment Strategies and Planning to Urban Economics, Research Methods & Proposal Writing, Taxation of Property Transactions along with the option of choosing German for Engineering and the Built Environment if you opted to study the language. 

Your final year will see you have to focus largely on your thesis while also keeping busy in modules such as Appraised Statutory Valuations, Planning, Urban Economics. Property Finance & Development, Investment Portfolio Analysis and Real Estate Challenge. Those choosing the Property Asset Management option take modules in Housing; Project Management and Shopping Centre Management. You will also study Asset Management as well as an Individual Case Study.

The above information is based on the Property Economics course offered by TU-Dublin.

Career options

The main opportunity is to work as a property economist after you study this course and become familiar with the working world in this field. There are also related opportunities and job prospects in the area such as a Valuation Surveyor, a Junior Negotiator, a Financial Analyst and many more. Other options are listed below. 

There is also the option of continuing on your studies at postgraduate level to specialise in a particular area of your interest. There are also opportunities in education and research. 

Skills and requirements that will be important to have to study and work in this area include strong communication skills, strong presentation skills, leadership skills, time management skills, organisation skills, an analytical mind, computers skills, maths skills, a critical mind and the ability to make sound judgement. 

Related Jobs

  • Property Economist
  • Economist
  • Data analyst
  • Valuation Surveyor
  • Junior Negotiator
  • Financial Analyst
  • Researcher
  • Property Manager
  • Site Acquisition

Further Study

Visit postgrad.ie for more information.

FAQ

Different courses and different colleges will have different entry requirements. It’s always safest to check with the individual higher education institution which is available on their websites. As a general rule Leaving Cert students should have a minimum of six subjects which should include: Two H5 (Higher Level) grades and Four O6 (Ordinary Level) grades or four H7 (Higher Level) grades. Subjects must include Mathematics, Irish or another language, and English. 

Specific courses may have their own requirements.Certain QQI courses may be accepted. 

The points needed to study Property Economics last were 401 points to study in TU Dublin. 

Where can I study?

For other courses in the area you would like to explore, you can do so here.

Did you know?

  • Economics was originally called ‘political economy’.
  • An annual Local Property Tax (LPT) charged on all residential properties in the State came into effect in 2013. 
  • Changes have been made to the Local Property Tax bill: 
  • Most homeowners will face no increase when properties revalued on 1st November 2021
  • Property valuations to be reviewed every four years
  • New properties will be brought into the system each November
  • Local authorities to retain 100% of LPT collected in their area

Resources

Student Grant Scheme 

Course information 

How to become a property economist


Aedín Dunne

Obstetrics and Gynaecology Courses
Older Person Rehabilitation Courses


Comments

Leave a Reply

Your email address will not be published.

We'd love to send you the latest news and articles about evening classes, further learning and adult education by email. We'll always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes.

Comments and Reviews Policy