International Real Estate
Scope of the Course:
This course examines the internationalisation of Real Estate business through three perspectives.
Part I of the course begins with an examination of the global environment for business, and the risks and opportunities of ‘globalisation’. Multinational business strategies are examined including various entry strategies into foreign markets, firm structures, and issues of command and control of foreign subsidiaries.
Part II of the course leads students through a consideration of the tension between global market convergence in some areas (i.e., finance) with those aspects of Real Estate business that are locally-dependent (i.e., legal and regulatory requirements, cultural factors). The special characteristics of international business are examined within a business decision cycle (i.e., political risk, operational risk).
Part III of the course examines a number of countries to provide students with a comparative approach. This takes advantage of the international scope of the Homburg eCampus Global learning system to invite guest lecturers from a number of different countries to make presentations about the special features of Real Estate in their own countries. This input by local specialists enables students to learn first-hand about Real Estate in different countries, and to reflect about the interplay between the global and local aspects of Real Estate business in specific examples.
Overall, the course is designed to enable students to conceptualise both the opportunities for international Real Estate, as well as the impact of local and cultural differences in different national contexts.
The learning objectives for this course are to enable students to:
Understand how the internationalisation of business provides opportunities and risks for Real Estate business;
Conceptualize the tension between global business practices and local business practices, in particular the influence of national and cultural factors;
Appreciate how the international and local issues present differently in different countries, through a comparative analysis of different countries.
See the Course Schedule to find out when this course is offered.
Download a copy of the Course Syllabus .