Real Estate Economics, M.Sc.

  • Application Deadline
  • 24 months
    Duration
  • English (schedule IELTS)
    Language
University rank #137 (QS) ,
The Master’s Programme in Real Estate Economics from Aalto University offers students a thorough understanding of the dynamics of real estate markets. Students will attain a holistic understanding of the phenomena related to real estate markets, and learn techniques used for the analysis and management of real estate.

About

The Master's Programme in Real Estate Economics from Aalto University combines the scientific disciplines of economics, management, land management and planning to provide students with the key skills needed in the wide range of careers in the real estate sector. To understand the complexity of the subjects, many courses combine theoretical knowledge with real life projects and business cases. As most jobs in real estate are about people and interaction, a strong emphasis in the studies is put on team work.

What will students learn in this programme?

Courses within the programme cover the skills and knowledge required to manage real estate throughout its life cycle. All students in real estate economics will be introduced to the principles of real estate economics and the dynamics of real estate market, as well as valuation methods and investment analysis. All students will also increase their knowledge on real estate and environmental legislation and the planning system, and their role in real estate markets. After these common studies students can choose to specialise in either Real Estate Economics and Management or in Land Management.

Career prospects

The range of potential careers in the field of real estate is wide, making it possible to follow your personal interests and ambitions. Specialists are needed in all phases of the lifecycle of real estate and urban areas. Our graduates find employment both in private and public sector, in Finland and abroad. The programme offers a good starting point for a career in real estate sector that will be started as an analyst, valuer, surveyor, researcher, expert etc. Careers typically lead to management positions in the filed, depending on the chosen career path.

Programme Structure

Courses Included:

  • Real Estate Economics
  • Property Rights, Cadaster and Planning
  • Facility and Property Management  
  • Urban Economics for Real Estate
  • Commercial Real Estate Markets and Analysis   
  • Business Environmental Law 
For more information, please visit programme website.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

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English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS
  • Minimum required score (Grade C):

    180

    The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test.

    Note: degree programmes and applications may require a more specific minimum score for admission.

  • Minimum required score:

    580

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    92

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

Student selection

The selection process is paper-based and competitive. Applications that pass the eligibility check of Aalto University Admissions Services (administrative evaluation) proceed to the School's programme specific academic evaluation. The following academic evaluation criteria applies:

  • Degree and institution of higher education
  • Relevancy of studies
  • Academic performance
  • Motivation letter
For more information, please visit programme website.

Tuition Fee

  • International Applies to you

    15000 EUR/year
    Tuition Fee
    Based on the original amount of 15000 EUR per year and a duration of 24 months.
  • EU/EEA Applies to you

    Free
    Tuition Fee
    Based on the original amount of 0 EUR per year and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
Tuition in bachelor's and master's programmes taught in English are subjected to annual fees for non-EU/EEA citizens. 

Living costs for Helsinki

  • 975 - 1590 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Prospective students subject to tuition fees are eligible to apply for Aalto University Scholarship.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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