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

Does car sharing reduce greenhouse gas emissions? Assessing the modal shift and lifetime shift rebound effects from a life cycle perspective

Levon Amatuni, Juudit Ottelin, Bernhard Steubing, José M. Mogollón 2020 Journal of Cleaner Production

Economic and technical considerations in pursuing green building certification : A case study from Iran

Ali Amiri, Juudit Ottelin, Jaana Sorvari, Seppo Junnila 2020 Sustainability (Switzerland)


Nargessadat Emami, Jukka Heinonen, Björn Marteinsson, Antti Säynäjoki, Juha Matti Junnonen, Jani Laine, Seppo Junnila 2020 Buildings

Spatial consumption-based carbon footprint assessments - A review of recent developments in the field

Jukka Heinonen, Juudit Ottelin, Sanna Ala-Mantila, Thomas Wiedmann, Jack Clarke, Seppo Junnila 2020 Journal of Cleaner Production

Individual ground source heat pumps : Can district heating compete with real estate owners' return expectations?

Kaisa Kontu, Jussi Vimpari, Petri Penttinen, Seppo Junnila 2020 Sustainable Cities and Society

Pathways for a future cadastral system : A socio-technical approach

Pauliina Krigsholm, Kirsikka Riekkinen, Pirjo Ståhle 2020 Land Use Policy

Pathways to carbon-neutral cities prior to a national policy

Jani Laine, Jukka Heinonen, Seppo Junnila 2020 Sustainability (Switzerland)

Uncertain Greenhouse Gas Implication in Waste Heat Utilization – A Case Study with a Data Center

Jani Laine, Kaisa Kontu, Jukka Heinonen, Seppo Junnila 2020 Journal of Sustainable Development of Energy, Water and Environment Systems
More information on our research in the Research database.
Research database

Otakaari 4

Address: Otakaari 4. Mechanical engineering 1, K1. Mon-Fri 8.00–15.30

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