Introduction to the different sectors of the real estate market, types of property, including their functions and uses, the organizations and individuals that invest in and use property and the dealing methods employed.Basic characteristics of real estate, including the principal factors affecting value. The real estate development process; developers and their partners; land use and housing systems; real estate market research; managing real estate development; measurement of return and risk on real estate development; development appraisal; real estate development finance; real estate marketing; fees and taxes in real estate development; environmental issues in real estate development.