Spatial structure of modern cities is very different from the one that existed 100 years ago. It is important to understand what market forces are behind the spatial transformation of cities and to discuss causes and consequences of urban sprawl.
Real estate economics and management is specific economic discipline, having in mind the basic feature of houses and business premises – durability. Real estate development and sustainability are very complex issues covering many topics such as land use, spatial planning, real estate law, real estate finance and investment appraisal, planning, development valuation techniques etc.
Real estate management is becoming one of the most interesting and important topics in urban economics. Examination of spatial structure of cities is impossible without understanding of market forces and government policies (spatial planning) that determine land-use patterns within cities around the world. Furthermore, combination of skill that include fundamental understanding of real estate market, real-estate project management, valuation and project financing is in high demand in global markets