Real Estate Economics and Valuations

INTRODUCTION

This GLOMACS Real Estate Economics and Valuation training course is designed to enable delegates to understand how to create value in the largest asset class in the world. It combines two vital sets of skills for real estate professionals. First, attendees grasp the lessons learned from the application of economics to real estate: how cities are created and grow, land is zoned and utilized through planning, infrastructure, and buildings, and how value is created by real estate actors as a result.

And second, attendees learn to value most typical forms of real estate using a variety of techniques and methods, using the same methods as a chartered surveyor and with examples drawn from real practice. The focus is on properties and market conditions in the Middle East, both existing property and new development, but with plenty of international examples, including land, properties with development potential, and different classes of property, including villas, apartments, offices, retail, hotels, warehouses, and specialized property.

This Real Estate Economics and Valuation training course will highlight:

• Understand how real estate economics works to create value from land to completed developments and cities
• Learn the roles of different real estate stakeholders and how they interact through planning, infrastructure, construction, and management
• Appreciate the connections between real estate economics and valuation principles and practice
• Successfully implement a range of different real estate valuation frameworks
• Acquire the ability to value a range of different types of properties across different jurisdictions

Training Methodology

This training course will be thoroughly interactive, reinforcing learning through practical real-world exercises and examples throughout. Delegates may be asked to perform calculations, analyse financial aspects of the case, and draw conclusions, or make presentations to other groups regarding the case. The interactivity generated by the case study process, as well as by contributions by delegates within the course. Generally, encourage questions and discussion throughout to make the course learning experience worthwhile for the delegates.

WHO SHOULD ATTEND?

This GLOMACS Real Estate Economics and Valuation training course is suitable for a wide range of delegates, as real estate value is central to the strategies of most commercial organisations, as well as to the public sector.

It will greatly benefit those who develop, finance, manage, buy, or sell real estate, especially:

• Real Estate Economists
• Regulators and Urban Planners
• Real Estate Developers (especially those with a develop-and-hold strategy)
• Land and Construction Professionals (including quantity and chartered surveyors, and other real estate valuers)
• Investors in Real Estate (including pension funds, private equity firms, REITs, REOCs, insurance companies, and opportunity/hedge funds)
• Investment Bankers, Fund Managers, and Finance Professionals engaged in real estate development and investment
• Bankers and Lenders
• Public and Private Sector Property Managers
• Property Tenants (such as major retailers, banks, government agencies or industrial companies)
• Institutional Lenders (such as banks, life insurance companies and pension funds)
• Lawyers, Accountants and other Consultants advising the real estate industries