course-details-portlet

BFIN8001

Topics in Real Estate Valuation and Sustainability

New from the academic year 2025/2026

Credits 5
Level Doctoral degree level
Course start Autumn 2025
Duration 1 semester
Language of instruction English
Location Trondheim
Examination arrangement Paper

About

About the course

Course content

This PhD-level course explores advanced topics at the intersection of real estate valuation and sustainability. The course provides a research-oriented examination of theoretical frameworks, empirical methods, and current challenges in the valuation of real estate assets, with a particular focus on sustainability-related factors such as energy efficiency, climate risk, regulatory frameworks, and market adaptation to environmental considerations.

Participants will engage with cutting-edge literature and develop critical perspectives on valuation and how sustainability impacts asset pricing, investment decision-making, and risk assessment in real estate markets. The course emphasizes the role of data and methodological rigor, including approaches from econometrics, spatial analysis, and machine learning.

A key component of the course involves the development and presentation of a working paper or project proposal aligned with the course themes. Peer feedback and academic discussion will support further development of individual research projects.

Learning outcome

Knowledge

Upon successful completion of the course, the candidate will:

  • Have advanced knowledge of theoretical frameworks and empirical research in real estate valuation.
  • Understand how sustainability considerations (e.g., energy efficiency, climate risk, regulations) influence valuation practices and real estate markets.
  • Be familiar with current academic debates and emerging research areas at the intersection of real estate and sustainability.

Skills

Upon successful completion of the course, the candidate will:

  • Be able to design and conduct independent research using appropriate empirical methods relevant to real estate and sustainability.
  • Demonstrate the ability to critically evaluate academic literature and apply advanced quantitative techniques to real estate valuation problems.
  • Be capable of writing a research paper or project proposal in line with academic standards and grounded in the course themes.

General competence

Upon successful completion of the course, the candidate will:

  • Be able to participate actively in academic discourse by presenting their own research and providing constructive feedback on the work of peers.
  • Demonstrate academic writing skills and the ability to communicate complex research ideas clearly and effectively.
  • Contribute to the broader research community through collaboration, critical reflection, and scholarly engagement.

Learning methods and activities

The course will consist of a combination of lectures, academic discussions, and practical exercises. Candidates will receive feedback on both their written work and their presentations. Active engagement is expected throughout the course.

Lectures will be given by Prof. Dr. Dirk Brounen, Professor of Housing & Household Finance at Maastricht University, and Prof. Dr. Roland Füss, Professor at the University of St. Gallen, specializing in Real Estate Economics and Real Estate Finance.

Compulsory assignments

  • Presentation of working paper or project proposal

Further on evaluation

"Admission to the course is required. Special conditions: The course will be held in Trondheim from Monday, October 13, to Thursday, October 16.

The course is exclusively open to PhD students, with a maximum of 12 participants. Accepted participants are required to attend the NTNU Business School Conference (free of charge) on October 15 and 16, where they will present their research proposals or papers related to course topics and receive feedback.

To apply, please send an email confirming your PhD status along with a brief description of your research topic to jon.o.olaussen@ntnu.no by August 20.
Admission decisions will be communicated by September 1. Participants accepted into the course must submit their research proposal or draft paper to jon.o.olaussen@ntnu.no no later than September 22."

Active participation in course activities, including presentations and peer feedback, is required.

Completion of the course requires two submissions:

  1. A working paper or project proposal to be submitted and presented at the in-person seminar.
  2. A revised version of the working paper improved based on feedback received during the seminar. This submission will be graded pass/fail, where both the quality of the paper and the candidate's ability to improve and revise based on peer feedback, will be assessed.

The paper or proposal must be within the scope of the course. Candidates are also expected to provide constructive feedback on the work of at least one fellow participant during the seminar.

Course materials

Will be provided at the start of the course.

Subject areas

  • Economics and Administration

Contact information

Course coordinator

Lecturers

Department with academic responsibility

NTNU Business School

Examination

Examination

Examination arrangement: Paper
Grade: Passed / Not Passed

Ordinary examination - Autumn 2025

Paper
Weighting 100/100 Date Submission 2025-11-18 Time Submission 14:00 Exam system Inspera Assessment