Real estate economics

from Wikipedia, the free encyclopedia

Functionally and institutionally, real estate economics is a branch of business administration. In functional terms, the real estate economy includes z. B. Marketing (real estate marketing), controlling (real estate controlling), management instruments (real estate management), project development, valuation (real estate valuation) and taxation (taxation of real estate transactions, tax depreciation, determining the tax value of real estate, etc. ). In institutional terms, it comprises the real estate business of real estate companies, the indirect form of investment (real estate funds), housing associations including the real estate management of so-called non-real estate companies such as B. the public hand (real estate of the federal, state, municipal), or that of the industrial enterprises (industrial buildings, storage, administration etc.). In addition, real estate economics includes interdisciplinary subjects such as law (tenancy law, real estate law, sales contract law, public and private building law, etc.), urban and spatial planning, technical subjects such as building technology, building construction, financing (real estate financing), but also subjects such as business ethics and corporate management .

The subject of real estate economics can now be studied as a specialization subject at many universities with a bachelor's and master's degree. There are only very few real estate academies offering a degree in real estate economics while working.

Associations

The Society for Real Estate Research (gif) is a professional association dedicated to promoting research in real estate. With over 1000 members, the association, founded in 1993, is the largest organization of its kind.

At the European level, the umbrella organization is the European Real Estate Society (ERES) , which in turn is part of the International Real Estate Society (IRES) .

Real estate economics journal

The magazine for real estate economics (ZIÖ) is the association magazine of the gif e. V. and contains essays from science and research on all areas of real estate economics. The magazine for real estate research and practice (ZfiFP) appears several times a year with specialist articles by scientists and leading practitioners.

Initial and continuing education

  • Real estate agents / IHK : As part of their initial professional training, real estate agents learn the basics of the real estate industry: real estate markets, transactions, property holdings, construction and financing, and commercial management and control, along with economic and social studies.
  • Real estate specialists / IHK: The further training is another professional qualification and is usually part-time. The focus is on:
  • Framework conditions of the real estate industry,
  • Corporate management and control,
  • Personnel, work organization and qualification,
  • Property management,
  • Construction project management,
  • Market orientation and sales, brokerage
  • Bachelor / Master Real Estate Economics: The Bachelor degree usually covers the commercial fundamentals of real estate management as well as related legal, technical and economic influencing factors. In the master’s degree, strategic issues are also dealt with, in particular on topics such as real estate financing, real estate controlling, risk analysis and portfolio management.

literature

  • Kerry-U. Brauer: Basics of the real estate industry . 8th edition. Gabler, Stuttgart 2013, ISBN 978-3-658-01657-9 .
  • Hanspeter Gondring: Real estate management - manual for study and practice, 3rd edition. VAHLEN, Munich 2013, ISBN 978-3-8006-4572-5
  • Nico B Rottke / Matthias Thomas: Real Estate Economics, Volume 1: Management . 1st edition. IMV, Wiesbaden 2011, ISBN 978-3-89984-208-1 .
  • Karl-Werner Schulte: Real estate economics: Volume I: Business basics . 4th edition. Oldenbourg, Munich 2014, ISBN 978-3-486-57648-1 .