Master in Real Estate and Construction Management

General

Program Description

The program fosters graduates for different occupations related to the real estate, government, and construction management sectors. The program is RICS accredited, which means that it answers to the highest standards in real estate education.

Real Estate and Construction Management at KTH

The master's program in Real Estate and Construction Management consists of four terms of full-time study. The first term consists mainly of foundation courses for all students, after which it is possible to specialize according to educational background and interest. Students can choose between three profiles: Construction Project Management, Real Estate Development, and Land Law, and Building and Real Estate Economics. While a few courses are mandatory for all students, most courses are conditionally elective courses. Note that a few of the conditionally elective courses in the Real Estate Development and Land Law profile are taught in Swedish.

In the final term, students will conduct a master's degree project. The degree project is a detailed study of a subject area within the scope of the program. This provides the opportunity to apply the knowledge acquired from the courses in a scientific manner to a problem chosen within the research profile of the profile. The degree project may be carried out at a company in Sweden or abroad. Students may also work independently in an area of their own choice, as long as it falls within the research profile of the profile. Once completed, the degree project will be presented in a seminar.

The hands-on approach to teaching and learning implies that class projects consist of activities that will provide students with job-related skills. The department’s close links with industry, local professional bodies, and a strong alumni network allow the university to continually stay abreast of current developments and integrate these into our course offerings.

The program is RICS accredited. Accreditation by RICS means that the master’s program meets the highest standards in real estate education. Students who graduated from an RICS accredited program qualifies partially for membership in RICS as RICS considers the candidate already has an above-average academic background and only needs to develop their professional competences before being approved as a professional charted surveyor and member of RICS.

This is a two-year program (120 ECTS credits) given in English. Graduates are awarded the degree of Master of Science. The program is given mainly at KTH Campus in Stockholm by the School of Architecture and Built Environment (at KTH).

Career

The graduates from the programme will have gained in-depth knowledge of construction project management, real estate economics and real estate development and land law, and will be trained to work in and lead projects in real estate and construction management, collaborate across disciplinary boundaries, work independently, exercise their own power of initiative and create new ideas for a sustainable built environment.

Given the borderless nature of the subjects covered in the program, graduates are trained for careers in the real estate, government, and construction management sectors, both nationally and internationally. Graduates from the program have gone on to work in organizations such as:

  • Consultancy companies, banks, pension funds, insurance companies
  • Property and asset management companies, development companies, real estate appraisal/valuation firms, and real estate capital groups
  • Infrastructure development organizations
  • Land development, cadastral and registration agencies and other related regulatory bodies and private companies
  • Architectural firms, technical consulting firms, construction management firms, real estate companies, construction companies, client and facilities management organizations, and public organizations.

The program also prepares students for further studies on the doctoral level.

Students

Find out what students from the program think about their time at KTH.

Mijin Kim, South Korea: "There are many chances for students to improve their technical skills and get to know about the industry. Students can learn about the real estate market off-campus from guest lectures given by companies."

Sustainable development

Graduates from KTH have the knowledge and tools for moving society in a more sustainable direction, as sustainable development is an integral part of all programs. The three key sustainable development goals addressed by the master's program in Real Estate and Construction Management are:

  • Decent Work and Economic Growth
  • Industry, Innovation, and Infrastructure
  • Sustainable Cities and Communities

Decent Work and Economic Growth: When people have access to comfortable homes, attractive neighborhoods and working spaces that increase employee well-being, they can also be more productive and creative, which is of fundamental importance for sustainable economic growth. After graduation, you will have an opportunity work with property and urban area development, leasing and improvement of office spaces and a large number of other real estate-related activities that are important in supporting productive activities, entrepreneurship, creativity, and innovation, both within the real estate industry and in all other industry sectors.

Building resilient infrastructure, promoting sustainable industrialization and fostering innovation: Planning, managing and financing the construction of infrastructure projects such as roads, bridges, railroad, and water projects, requires expertise in project management, real estate law, and real estate economics and finance, which you will acquire when you study a master's program in Real Estate and Construction Management.

Making cities inclusive, safe, resilient and sustainable: Recent decades have seen the world urbanizing at a rapid pace. When you study this program, you will take courses that will help you to tackle the many serious challenges that urban areas and cities face with respect to inhabitants’ access to residential and commercial spaces, as well as various fundamental city infrastructure facilities.

Courses

The two-year master's program in Real Estate and Construction Management consists of three terms of courses and one final term dedicated to the master's degree project. Each term consists of approximately 30 ECTS credits. The courses presented on this page apply to studies starting in autumn 2020.

Year 1

The program contains a number of proposed course sequences that provide a level of progression within different profiles in the program that are oriented towards construction project management, building, and real estate economics or real estate development and land law.

These courses are given in Swedish:

  • AI2507 Law of Real Estate Formation
  • AI2508 Compulsory Purchase and Compensation
  • AI2517 Land Development
  • AI2511 Implementation of Development Plans

Mandatory courses

  • Real Estate Market Analysis and Development (AI2102) 7.5 credits
  • Quantitative Methods Applied to Real Estate and Construction Management (AI2152) 7.5 credits
  • Project Communication (AI2810) 7.5 credits

Conditionally elective courses

  • Financial Investments (AI2135) 7.5 credits
  • Corporate Finance (AI2144) 7.5 credits
  • Advanced Valuation and Analysis (AI2154) 7.5 credits
  • Urban Economics and Cost-Benefit Analysis (AI2155) 7.5 credits
  • Contract Theory with Application to Property Management (AI2156) 7.5 credits
  • Law of Real Estate Formation (AI2507) 7.5 credits
  • Compulsory Purchase and Compensation (AI2508) 7.5 credits
  • Implementation of Development Plans (AI2511) 7.5 credits
  • Land Development (AI2517) 7.5 credits
  • Building Informatics and Logistics (AI2805) 7.5 credits
  • Project Development and Architectural Concepts (AI2808) 7.5 credits
  • Construction Management (AI2809) 7.5 credits

Year 2

These courses are given in Swedish:

  • AI2518- Infrastructure - Responsibility and Financing
  • AI2519- Rent, Tenant Ownership, and Leasehold Law
  • AI2505- Law, and Economics for Land Use Topics
  • AI252X- Degree project in Real Estate Development and Land Law

Mandatory courses

  • Theory of Science and Research Methods (AI2150) 7.5 credits

Conditionally elective courses

  • Degree Project in Building and Real Estate Economics, Second Cycle (AI206X) 30.0 credits
  • Business Cycles in Construction and Real Estate Markets (AI2106) 7.5 credits
  • Facility Management (AI2117) 7.5 credits
  • Management and Leadership (AI2127) 7.5 credits
  • Entrepreneurial Finance (AI2148) 7.5 credits
  • Financial Economics with Real Estate Applications (AI2153) 7.5 credits
  • Law and Economics for Land Use Topics (AI2505) 7.5 credits
  • Infrastructure - Responsibility and Financing (AI2518) 7.5 credits
  • Rent, Tenant Ownership and Leasehold Law (AI2519) 7.5 credits
  • Degree Project in Real Estate Development and Land Law, Second Cycle (AI252X) 30.0 credits
  • Project for Construction Project Managers (AI2807) 7.5 credits
  • Degree Project in Architectural Design and Construction Project Management, Second Cycle (AI281X) 30.0 credits

Admission requirements

To be eligible for the program, you must have been awarded a bachelor's degree, be proficient in English and meet the program-specific requirements.

Bachelor's degree

A bachelor's degree, equivalent to a Swedish bachelor's degree, or equivalent academic qualifications from an internationally recognized university, is required. Students who are following longer technical programs, and have completed courses equivalent to a bachelor's degree, will be considered on a case-by-case basis.

English proficiency

English language proficiency equivalent to (the Swedish upper secondary school) English course B/6 is required. The requirement can be satisfied through a result equal to, or higher than, those stated in the following internationally recognized English tests:

  • TOEFL Paper-based: Score of 4.5 (scale 1-6) in written test, the total score of 575.
    TOEFL ITP is not accepted.
  • TOEFL iBT internet-based: Score of 20 (scale 0-30) in written test, a total score of 90
  • IELTS Academic: A minimum overall mark of 6.5, with no section lower than 5.5
  • Cambridge ESOL: Cambridge English: Advanced (CAE) Certificate in Advanced English or Cambridge English: Proficiency (CPE) (Certificate of Proficiency in English)
  • Michigan English Language Assessment Battery (MELAB): Minimum score of 90
  • The University of Michigan, ECPE (Examination for the Certificate of Proficiency in English)
  • Pearson PTE Academic: Score of 62 (writing 61)

Specific requirements for the master's program in Real Estate and Construction Management

A bachelor’s degree, or equivalent, corresponding to at least 180 ECTS credits, in the field of the built environment, including civil engineering, building technology, real estate finance and investment, real estate economics, real estate/property management, construction management, architecture, planning, surveying or geomatics, and law. In addition, 15 ECTS credits in economics/business administration and/or statistics or equivalent, are required.

Admission to the program requires proficiency in English equivalent to the Swedish grade English 6. While proficiency in Swedish is not a requirement for admission to the program, the Real estate development and land law course sequence is taught in Swedish and requires students to have a proficiency in Swedish equivalent to Swedish 3/B.

Application documents

  1. Certificates and diplomas from previous university studies
  2. Transcript of completed courses and grades included in your degree
  3. Proof of English proficiency
  4. A copy of your passport including personal data and photograph, or other identification documents

Specific documents for the master's program in Real Estate and Construction Management

  • Letter of motivation
  • Relevant work experience
  • Letters of recommendation
Last updated Oct 2019

About the School

KTH Royal Institute of Technology has served as one of Europe’s key centres of innovation and intellectual talent for almost two hundred years. Recognized as Sweden’s most prestigious technical univer ... Read More

KTH Royal Institute of Technology has served as one of Europe’s key centres of innovation and intellectual talent for almost two hundred years. Recognized as Sweden’s most prestigious technical university, KTH is also the country’s oldest and largest. With over 12,000 students and an international reputation for excellence, the university continues to nurture the world’s brightest minds, helping to shape the future. Read less