Master's Programme in Real Estate Economics


Master of Science (Technology).
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120 ECTS

Field of Study:

Technology and Engineering


2 years, full-time


An appropriate Bachelor´s degree or an equivalent qualification.

Tuition fees & scholarships:

Yes, for non-EU citizens.
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Language of Instruction:

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Organising school/s:

School of Engineering

Organising department/s:

Department of Built Environment

Application period:

2017-12-15 - 2018-01-24

Further information:

Programme flyer (pdf)


Are you interested in economics? Do you want to work as a versatile expert in a specialised field and manage the most valuable kind of asset there is? If so, this might be the programme for you.

The Master's Programme in Real Estate Economics offers a thorough understanding of the dynamics of real estate markets. You will attain a holistic understanding of the phenomena related to real estate markets and learn the techniques used to analyse and manage real estate.

The programme combines the scientific disciplines of economics, management, land management and planning to provide you with the key skills needed in a wide range of career paths in the real estate sector.

Many courses combine theoretical knowledge with real life projects and business cases, giving you hands-on experience and an understanding of the complexity of the subjects. As most jobs in real estate are about people and interaction, a strong emphasis in the studies is placed on teamwork.

Degree structure




Courses within the programme cover the skills and knowledge required to manage real estate throughout its life cycle. You will be introduced to the principles of real estate economics, its legal basis and the dynamics of the real estate market, as well as valuation methods and investment analysis.  You will also increase your knowledge of real estate law, environmental legislation, the land use planning system as well as their roles in real estate markets. After common studies, you may choose to specialise in either real estate economics and management or land management.

Real estate economics and management focuses on real estate investment and business, real estate development and the management of real estate assets over their entire life cycle.

Land management focuses on the process of managing the use and development of land resources. In this specialisation, we focus on building knowledge and skills for managing land-related rights and land policy.

Master’s thesis

The master’s thesis (30 credits) is a piece of applied research conducted independently by the student. Its key goal is to solve a problem relevant to the field of study, based on existing scientific knowledge and in compliance with the principles of responsible conduct of research. Master’s theses are written on topics related to the advanced studies of the programme, agreed upon between the student and the supervising professor. A master’s thesis may be, for example, a research and development project carried out for an industrial partner outside the university, or it can be connected with an ongoing research project of the department. Completing a master’s thesis usually takes six months of full-time work.

Career prospects

The range of potential careers in the field of real estate is broad, making it possible for graduates to follow their personal interests and ambitions. Specialists are needed in all phases of the lifecycle of real estate and urban areas. Our graduates find employment in both the private and public sector, in Finland and abroad. The programme offers a good starting point for a career in the real estate sector, beginning with working as an analyst, valuer, surveyor, researcher, expert etc. Careers typically lead to management positions in the field, depending on the career path chosen.

Student selection

Aalto University's student selection process is competitive and paper-based. Applications that pass the eligibility check (administrative evaluation) conducted by Aalto University Admissions Services proceed to the school's programme-specific academic evaluation. The programme is planned for full-time studies and preference is given to applicants who are committed to this. The following are used as criteria for academic evaluation:

  • University or Higher Education Institution
  • Degree and relevance of studies
  • Academic study performance
  • Motivation and commitment to the programme (Motivation letter)

In the first phase, the applicant’s degree that is used as grounds for the application and the related institution of higher education are evaluated. We encourage applicants with diverse backgrounds to apply to the programme.

To ensure that the students have sufficient skills and knowledge for the Master’s studies, priority in student selection is given to students whose earlier studies (either bachelor's degree or other studies): a) are in real estate, land management or other closely related field or b) include at least the basics of economics, law, statistics/econometrics and finance. If completed individual courses or studies on these topics that are not included in the degree that is used as grounds for the application, the certificates should be attached on these studies in the application.

Contact information

For enquiries regarding the application process: admissions [at] aalto [dot] fi

For enquiries regarding the content of the programme and studies: masters-eng [at] aalto [dot] fi

Programme director: Professor Ari Ekroos

Page content by: | Last updated: 20.12.2017.