Department of Built Environment

Real Estate Economics

Real estate economics analyses the dynamics of real estate markets from the perspectives of e.g. business, planning, technology, value formation and law. The Real Estate Research Group at Aalto University is the only university-level research unit in Finland focusing on the broad area of real estate.
Real Estate Economics

The real estate sector plays a major role in most developed economies, as it is connected to all actors and actions in the society, from individual households to companies and the public sector. For example, in Finland, the sector comprises 70 per cent of our national wealth, 60 per cent of all investments, and 20 per cent of all jobs. 50 per cent of all climate change mitigation possibilities are estimated to be within the real estate sector. For all these reasons, digitalisation, climate change, urbanisation and other global trends are closely integrated into our research.

Our research themes are:

You can study real estate economics in the Bachelor’s programme in Built Environment, in the Master’s Programme in Real Estate Economics as well as in the Master’s Programme in Urban Studies and Planning (real estate specialisation).

Latest publications

Economic and Environmental Scenario Analysis of a Finnish Wood-based Case Building

Ali Amiri, Anni Hatakka, Seppo Junnila 2025 Engineering, Technology & Applied Science Research

How much upfront-embodied GHG emissions can wooden buildings save-displacement factors for wooden buildings

Ali Amiri, Seppo Junnila 2025 Environmental Research: Infrastructure and Sustainability

Farmland abandonment risks among smallholder farmers in Ibadan, Nigeria

Taiwo Oladapo Babalola, Olawale Akogun, Opeyemi Michael Ajayi, Michael Osei Asibey, Etido Essien, Ayobami Abayomi Popoola 2025 Urban Agriculture and Regional Food Systems

Smart Ready Buildings for People and Resource Flow in Sharing Cities - Final Report

Eerika Borgentorp, Taraneh Delavar, Maria Holopainen, Seppo Junnila 2025

How Smart Are the Highly Rated Green Buildings?

Taraneh Delavar, Eerika Borgentorp, Seppo Junnila 2025 The Proceedings of the 23rd CIB World Building Congress

The role and contribution of SRI-Smart Buildings to Smart Cities

Taraneh Delavar, Eerika Borgentorp, Seppo Junnila 2025 International Smart Readiness Indicator Conference : Conference Proceedings

The Smart Buildings Revolution : A Comprehensive Review of the Smart Readiness Indicator Literature

Taraneh Delavar, Eerika Borgentorp, Seppo Junnila 2025 Applied Sciences

Climate & Canopy / Designs for a Cooler Planet

Ranja Hautamäki, Antti Kinnunen, Elina Alatalo, Jenni Karhapää 2025

Consumption-Based Accounting

Jukka Heinonen 2025 Vocabulary for Sustainable Consumption and Lifestyles

Critical Review of Biodiversity Criteria in Sustainable Real Estate Finance

Maria Holopainen, Inari Virkkala, Antti Kinnunen, Seppo Junnila 2025 The Proceedings of the 23rd CIB World Building Congress
More information on our research in the Aalto research portal.
Research portal

Research group members

Kevin Drain

Postdoctoral Researcher

Tuukka Saarimaa

Professor (Associate Professor)
Department of Economics

Otakaari 4

Mechanical engineering 1, K1

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Otakaari 4
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