Real Estate Economics and Investment Analysis MSc

London, Stratford (UCL East)

The Real Estate Economics and Investment Analysis (REEIA) MSc is designed to equip students with an understanding of the economics of the real estate market and give them the skills to use data to make informed investment decisions.

UK students International students
Study mode
UK tuition fees (2025/26)
£24,100
£12,050
Overseas tuition fees (2025/26)
£36,500
£18,250
Duration
1 calendar year
2 calendar years
Programme starts
September 2025
Applications accepted
Applicants who require a visa: 14 Oct 2024 – 04 Apr 2025
Applications close at 5pm UK time

Applications open

Applicants who do not require a visa: 14 Oct 2024 – 29 Aug 2025
Applications close at 5pm UK time

Applications open

Entry requirements

UK Bachelor’s degree in a numerate subject (e.g. Economics, Engineering, Natural Sciences, Computer Science) awarded with at least an Upper Second-class Honours (2:1), or an overseas qualification of an equivalent standard. If the Bachelor’s degree is in a non-numerate discipline, the candidate may be accepted if they have professional experience in a numerate field.

The English language level for this programme is: Level 2

UCL Pre-Master's and Pre-sessional English courses are for international students who are aiming to study for a postgraduate degree at UCL. The courses will develop your academic English and academic skills required to succeed at postgraduate level.

Further information can be found on our English language requirements page.

Equivalent qualifications

Country-specific information, including details of when UCL representatives are visiting your part of the world, can be obtained from the International Students website.

International applicants can find out the equivalent qualification for their country by selecting from the list below. Please note that the equivalency will correspond to the broad UK degree classification stated on this page (e.g. upper second-class). Where a specific overall percentage is required in the UK qualification, the international equivalency will be higher than that stated below. Please contact Graduate Admissions should you require further advice.

About this degree


Real estate is a significant asset class, and the economics and financial economics of the real estate market are rapidly expanding fields. Recent advancements in data collection and analysis are opening new opportunities recognised by both academics and practitioners.

The Real Estate Economics and Investment Analysis MSc combines theoretical insights with practical applications, providing an in-depth understanding of how the real estate market functions and how its constant evolution can be analysed using data.

Initially, you will master foundational economic and financial concepts in real estate, alongside practical skills like programming and basic research methods. You then build on this foundation, developing an advanced understanding of how these skills are applied in practice, their limitations, and how they can be adjusted to achieve different goals.

Key modules within this unique master’s course cover real estate and urban economics, real estate data analysis using econometrics and coding, analytical property valuation techniques, risk assessment, portfolio optimisation, property investment forecasting methods, and real estate asset management. Optional modules from across The Bartlett School of Sustainable Construction allow you to tailor your learning to your career goals.

Who this course is for

The course is open to students with some experience of university-level mathematics and/or statistics. It is suitable for anyone curious about the real estate industry, the economics behind the real estate market, and the revolutions that are happening within the sector through data analysis.

What this course will give you

In-depth knowledge: This programme offers an in-depth understanding of how real estate markets work based on the latest academic research.

Analytical tools: You will be taught about cutting-edge analytical frameworks for data-driven investment decision-making.

Data collection and interpretation: You will apply modern methods to collect and interpret property market data.

Real-world application: Classes are based on real life problems being addressed using the latest academic thinking.

Career support: Studying at UCL provides students with access to a range of career services including networking events, career workshops, and internship opportunities.  

Study in London: London is among the most connected cities in the world, offering incredible access to major construction firms, consultancies, and governmental bodies, while also providing a dynamic and vibrant learning environment enriched by the city's diverse and thriving construction industry.  

Top ranked: For the second year in a row, The Bartlett Faculty of the Built Environment was ranked #1 in the world for ‘Architecture and Built Environment’ (QS World University Subject Rankings 2024).   

Find out more about the benefits of studying at The Bartlett School of Sustainable Construction.

The foundation of your career

Through events aimed at industry and alumni organised by The Bartlett School of Sustainable Construction, you will have the opportunity to meet like-minded professionals in the field. 

96% of Bartlett graduates were in work or further study 15 months after graduation.

Top industry sectors for Bartlett graduates in work are construction, built environment and property (37% of graduates); engineering (17%); finance (8%); academic research and higher education (7%); and other scientific and technical professions (5%).

Bartlett School of Sustainable Construction graduates are working in 45 countries around the world.

Example employers:

  • ARUP
  • Balfour Beatty
  • British Land
  • Deloitte
  • UK Government
  • Skanska
  • Turner & Townsend
  • AtkinsRéalis
  • TfL  
  • Mace
  • Tetra Tech Europe  
  • Vodafone  

(Data from Graduate Outcomes Survey 2017-2021)

Employability

The course is purposefully open-ended in the sense that it offers skills applicable in multiple industries and sectors. While many students may target jobs in the financial industry, actual job destinations may vary. One unifying theme is that careers will be relying on analytical and technical skills as well as an understanding of the recent developments in real estate research.

Networking

Each year the School also hosts a series of careers events for students – including CV and interview skills sessions, a dedicated Careers Fair, site visits and an alumni panel event. UCL Careers also offers a regular programme of careers fairs and practical sessions on careers advice.

The REEIA MSc programme and the School actively supports students and alumni in establishing their professional network, recognising the importance of networks in providing graduates with opportunities and support throughout their careers.

Teaching and learning

The programme is delivered through a combination of lectures, practical sessions, seminars, group work and peer assessment. 

Assessment is delivered through a mix of coursework, examinations, group work and a dissertation.

Across the academic year, full-time students can typically expect around 10-16 contact hours per teaching week through a mixture of lectures, seminars, and practical workshops. Please note that these hours are an estimate and actual contact hours can vary widely depending on each student’s individual module choices.

Outside of directed teaching, full-time students typically study the equivalent of a full-time job, using their remaining time for self-directed study and completing coursework assignments.

Modules

The Real Estate Economics and Investment Analysis MSc will run in two stages. First, it will give the students a basic understanding of economic/financial concepts in the context of real estate and train them in using transferable technical skills such as elementary programming and basic research methods. The second part of the course will build on this and develop an advanced understanding of how these skills are applied in practice, what are their limitations and how they can be adjusted to achieve different goals.

The first part of the course is based around the following modules:

  • Real Estate and Urban Economics – basic theories of economics applied to location decisions of households and firms. 
  • Financial Economics of Real Estate – basic principles of financial economics applied to real asset pricing and mortgage finance. 
  • Real Estate Data Analysis – current research issues and challenges in real estate practice and the tools to solve them (econometrics and coding skills).

The second part comprises of:

  • Analytical Property Valuation – different approaches to value an asset in different sectors of the property market. 
  • Property Investment Analysis – the concept of risk and return estimation in real estate, portfolio optimization and forecasting methods. 
  • Real Estate Asset Management – different strategies to increase the economic value of an asset by increasing its operational efficiency.

In addition, the programme could be able to take advantage of the existing offering of optional modules at The Bartlett. The list of optional modules unique to The Bartlett School of Sustainable Construction offers a clear opportunity to focus on built assets. This is a unique offering on the market as it allows understanding the supply side of the real estate market much better than other programmes and gives a real estate programme housed at The Bartlett School of Sustainable Construction. 

The programme ends with a dissertation. It is an academically rigorous piece of research and students can choose any topic they want as long as it is relevant to Real Estate and can be supervised by a member of The Bartlett School of Sustainable Construction staff.

The part-time two-year MSc programme consists of 6 core modules, 2 optional modules and a dissertation. PT students undertake 4 modules in the first year, two core modules and two optional modules.

In the second year you will take 4 core modules along with the dissertation which runs in parallel throughout the second year and is supported through customised tutorials.

Year 1

  • Real Estate and Urban Economics
  • Real Estate Data Analysis
  • 2 Optional Modules

Year 2

  • Financial Economics of Real Estate
  • Analytical Property Evaluation
  • Property Investment Analysis
  • Real Estate Asset Management
  • Dissertation 

Please note that the list of modules given here is indicative. This information is published a long time in advance of enrolment and module content and availability are subject to change. Modules that are in use for the current academic year are linked for further information. Where no link is present, further information is not yet available.

Students undertake modules to the value of 180 credits. Upon successful completion of 180 credits, you will be awarded an MSc in Real Estate Economics and Investment Analysis.

Accessibility

Details of the accessibility of UCL buildings can be obtained from AccessAble. Further information can also be obtained from the UCL Student Support and Wellbeing Services team.

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UCL East Postgraduate Open Evening

Discover our range of practice-based, postgraduate programmes and cutting-edge facilities at our UCL East Postgraduate Open Evening. Visit us for your chance to learn more about the future-focused, interdisciplinary degrees we offer and to meet leading researchers delivering our programmes and chat with current UCL students.

Online - Open day

The Bartlett Real Estate Economics and Investment Analysis Master's Degree Virtual Information Session

Join us for an online information session about the Real Estate Economics and Investment Analysis MSc degree at The Bartlett School of Sustainable Construction. Discover more about the programme modules, the facilities and resources available, and ask any questions you have about postgraduate study at The Bartlett, UCL.

Fees and funding

Fees for this course

UK students International students
Fee description Full-time Part-time
Tuition fees (2025/26) £24,100 £12,050
Tuition fees (2025/26) £36,500 £18,250

The tuition fees shown are for the year indicated above. Fees for subsequent years may increase or otherwise vary. Where the programme is offered on a flexible/modular basis, fees are charged pro-rata to the appropriate full-time Master's fee taken in an academic session. Further information on fee status, fee increases and the fee schedule can be viewed on the UCL Students website: ucl.ac.uk/students/fees.

Additional costs

For Full-time and Part-time offer holders a fee deposit will be charged at 10% of the first year fee.

Further information can be found in the Tuition fee deposits section on this page: Tuition fees.

Beyond owning your own laptop, there is no requirement to purchase specific books or equipment for this programme. Sometimes certain books or reading resources may be recommended, but not required.

UCL’s main teaching locations are in zones 1 (Bloomsbury) and zones 2/3 (UCL East). The cost of a monthly 18+ Oyster travel card for zones 1-2 is £114.50. This price was published by TfL in 2024. For more information on additional costs for prospective students and the cost of living in London, please view our estimated cost of essential expenditure at UCL's cost of living guide.

Funding your studies

UCL offers a range of financial awards aimed at assisting both prospective and current students with their studies.

Any additional funding available from The Bartlett School of Sustainable Construction and the Built Environment Faculty Office are advertised on the respective websites.

In our faculty, The Bartlett Promise Scholarship aims to enable students from backgrounds underrepresented in the built environment to pursue master's studies. Please see the UK Master's scholarship and Sub-Saharan Africa Master's scholarship pages for more information on eligibility criteria, selection process and FAQs.

For a comprehensive list of the funding opportunities available at UCL, including funding relevant to your nationality, please visit the Scholarships and Funding website.

UCL East London Scholarship

Deadline: 26 June 2025
Value: Tuition fees plus £16,000 stipend ()
Criteria Based on financial need
Eligibility: UK

Next steps

There is an application processing fee for this programme of £90 for online applications. Further information can be found at Application fees.

When we assess your application we would like to learn:

  • why you want to study Real Estate Economics and Investment Analysis at graduate level
  • why you want to study Real Estate Economics and Investment Analysis at UCL
  • what particularly attracts you to this programme
  • how your academic and professional background meets the demands of this programme
  • where you would like to go professionally with your degree

Together with essential academic requirements, the personal statement is your opportunity to illustrate whether your reasons for applying to this programme match what the programme will deliver.

Please upload a personal statement. Your statement should be clearly written, and be no more than 500 words. 

  • What do you consider to be one of your key strengths, relevant to the programme?
  • How do you hope your studies will help your future individual and career development?

Applications are considered on a rolling basis until all places are filled, so early applications are strongly encouraged.

Please note that you may submit applications for a maximum of two graduate programmes (or one application for the Law LLM) in any application cycle.

Choose your programme

Please read the Application Guidance before proceeding with your application.

Year of entry: 2025-2026

UCL is regulated by the Office for Students.