Module Details

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title PLANNING & PROPERTY DEVELOPMENT
Code ENVS369
Coordinator Dr AD Lord
Geography and Planning
A.D.Lord@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2013-14 Level Three First Semester 15

Aims

This module is concerned with the processes through which the built environment is used, produced, managed and renewed. Its objectives are to introduce methods of property valuation, property market dynamics and the processes of urban and rural development (including regeneration, estate management and conservation).   


Learning Outcomes

Students successfully completing the module will be able to demonstrate and apply a critical understanding of:

1)       land and property markets;
2)       property valuation methodologies;
3)       the property development process.


Syllabus

All 

Introduction to the module and assignment

Property rights and the political economy of ownership rights

Land economy and the role of the planning system

Planning obligations, planning gain and betterment

Quantifying property valuation

Five methods of property valuation

Models of the property development process

Revision session/guest speakers

 


Teaching and Learning Strategies

A lecture programme which introduces students to key concepts and ideas is complemented by visiting speakers to provide examples of current practice. Tutorial and project work enables the key concepts to be explored and applied in greater detail.


Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 20

  6

      26
Timetable (if known)              
Private Study 124
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Planning & Property Development  2 hours  First  70  No     
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Essay  1,500 words  First  30  No    Students will be asked to complete a residual valuation for a proposed real estate development with an accompanying 1,500 word commentary.  

Recommended Texts

Course Text:

Scarrett, D. (2008) Property valuation: the five methods.  Routledge: London.

Recommended reading:

Sayce S., Smith, J., Cooper, R. and Venmore-Rowland, P. (2006) Real Estate Appraisal. Blackwell: Oxford.  

Ratcliffe, J., Stubbs, M., Shepard, M. (2003) Urban Planning and Real Estate Development.  Routledge: London.  

Adams, D., Watkins, C., (2002) Greenfields, Brownfields and Housing Development. Blackwell Science: Oxford.  

Isaac, D., (1996) Property Development: Appraisal and Finance. Macmillan: London.  

Webster, C., Wai Chung Lai, L. (2003) Property Rights Planning and Markets. Edward Elgar: Cheltenham.  

Schiller, R., (2001) The dynamics of Property Location. Spon Press: London.