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

Cities as carbon sinks - Classification of wooden buildings

Ali Amiri, Juudit Ottelin, Jaana Sorvari, Seppo Junnila 2020 Environmental Research Letters

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)

Investointien tehokas lupamenettely säädetyn aikarajan puitteissa

Mikko Attila, Ari Ekroos, Satu Räsänen, Kimmo Silvo, Jouko Tuomainen 2020

Ilmastolain kytkennöistä muuhun lainsäädäntöön sekä perus- ja ihmisoikeuskysymyksiin

Ari Ekroos, Martti Häkkänen, Janne Seppälä, Joonas Tervo, Iikka Väänänen, Matias Wallgren 2020


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

The economic viability of a progressive smart building system with power storage

Eerika Janhunen, Niina Leskinen, Seppo Junnila 2020 Sustainability (Switzerland)
More information on our research in the Research database.
Research database

Research group members

Vitalija Danivska

Vitalija Danivska

Postdoctoral researcher
Built Environment

Jani Laine

Doctoral candidate

Pauliina Krigsholm

Postdoctoral researcher
Built Environment

Otakaari 4

Mechanical engineering 1, K1. Address: Otakaari 4.

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Konetekniikka 1, Otakaari 4
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