Global Real Estate: Risk, Politics and Culture

Catalog description

This is an introductory course on real estate markets around the world. The goal of the course is to help students develop a global mindset by introducing and applying the basics of real estate valuation and risk management to a wide range of global contexts. The course emphasizes topics students will need to understand cross-border real estate strategies, including currency risk, political risk, rule of law, property rights, and culture. We will discuss relevant current events and use them to characterize risks facing real estate investors. The course largely covers markets outside the United States, except when it is useful to compare with the U.S. or for occasional special topics. We will focus more on the qualitative aspects of real estate investment analysis and less on the quantitative aspects. This is a full-semester course, cross-listed for MBA’s and undergraduates. REAL 2050 can be counted toward the Wharton Undergraduate Global Economy, Business, and Society (GEBS) requirement.