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

Carbon sequestration and storage potential of urban green in residential yards

Mari Ariluoma, Juudit Ottelin, Ranja Hautamäki, Eeva Maria Tuhkanen, Miia Mänttäri 2021 Urban Forestry and Urban Greening

Stochastic Multicriteria Acceptability Analysis of EV Sharing in Nordic Rural Areas Affected by Seasonal Residence and Counterurbanization

Johannes Einolander, Annamari Kiviaho 2021 Proceedings of the 54th Hawaii International Conference on System Sciences | 2021

Drivers of car ownership in a car-oriented city : A mixed-method study

Jukka Heinonen, Michał Czepkiewicz, Áróra Árnadóttir, Juudit Ottelin 2021 Sustainability (Switzerland)

Mahdollisuudet vahvistaa ilmastolakia uusilla keinoilla

Mikael Hildén, Karoliina Auvinen, Martin Björklund, Tommi Ekholm, Ari Ekroos, Suvi Huttunen, Kari Hyytiäinen, Kai Kokko, Anu Lähteenmäki-Uutela, Michael Mehling, Adrian Perrels, Jyri Seppälä, Sampo Soimakallio, Päivi Tikkakoski, Erika Toivonen, Oras Tynkkynen 2021

Does listed real estate behave like direct real estate? Updated and broader evidence

Martin Hoesli, Elias Oikarinen 2021 APPLIED ECONOMICS

Advancing futures thinking in the real estate field

Saija Toivonen 2021 Journal of European Real Estate Research

Empowering upcoming city developers with futures literacy

Saija Toivonen, Anahita Rashidfarokhi, Riikka Kyrö 2021 Futures

Near Real-Time Semantic View Analysis of 3D City Models in Web Browser

Juho-Pekka Virtanen, Kaisa Jaalama, Tuulia Puustinen, Arttu Julin, Juha Hyyppä, Hannu Hyyppä 2021 ISPRS International Journal of Geo-Information
More information on our research in the Research database.
Research database

Research group members

Anahita Rashidfarokhi Fathabadi

Anahita Rashidfarokhi Fathabadi

University Teacher
T213 Built Environment

Pauliina Krigsholm

Postdoctoral researcher
T213 Built Environment

Otakaari 4

Mechanical engineering 1, K1. Address: Otakaari 4.

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Konetekniikka 1, Otakaari 4
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