Thriving Cities, Dynamic Markets: Urban Economics and Housing Market Analysis Training Course

Introduction

Cities are the engines of economic growth, innovation, and social interaction, yet they also grapple with complex challenges like housing affordability, traffic congestion, and environmental sustainability. Understanding the intricate economic forces that shape urban areas is crucial for effective policymaking, urban planning, and strategic investment. Urban economics provides the analytical lens to dissect these forces, while housing market analysis offers the specific tools to navigate one of the most vital components of any city's economy.

This intensive training course is meticulously designed to equip participants with a comprehensive and practical understanding of urban economics and the methodologies for analyzing housing markets. From dissecting theories of urban growth and agglomeration economies to mastering techniques for residential property valuation and forecasting market trends, you will gain the expertise to make data-driven decisions. This empowers you to contribute to sustainable urban development, address housing challenges, and unlock economic opportunities within the dynamic urban landscape.

Target Audience

  • Urban planners and city administrators.
  • Real estate developers and investors.
  • Public sector officials in housing, land use, and economic development.
  • Market analysts and researchers in real estate and financial institutions.
  • Economists and consultants working on urban and regional development.
  • Academics and graduate students (Master's and PhD) in urban studies, economics, real estate, or regional planning.
  • Architects and urban designers interested in the economic drivers of urban form.
  • Professionals involved in affordable housing initiatives and community development.

Duration: 10 days

Course Objectives

Upon completion of this training course, participants will be able to:

  • Understand the fundamental economic principles that explain the existence, growth, and structure of cities.
  • Grasp the concepts of agglomeration economies, urban rent theory, and location choice for households and firms.
  • Analyze the key determinants of housing supply and demand in urban markets.
  • Comprehend various methodologies for housing market analysis, including valuation and forecasting.
  • Evaluate the economic impacts of urban policies, land use regulations, and transportation infrastructure on cities and housing.
  • Develop practical skills in using data sources and analytical tools for urban and housing market assessment.
  • Navigate the complexities of housing affordability, gentrification, and spatial inequality.
  • Formulate evidence-based recommendations for urban development and housing policy.

Course Content

  1. Introduction to Urban Economics: Why Cities Exist
  • Defining urban economics: scope and key questions
  • Agglomeration economies: localization and urbanization economies
  • Diseconomies of scale: congestion, pollution, crime
  • Historical evolution of cities and economic forces
  • The role of transportation costs and trade in urban development
  1. Urban Structure and Land Use: The Monocentric City Model
  • The monocentric city model: assumptions and predictions
  • Bid-rent curves for households and firms
  • Equilibrium land use patterns: residential, commercial, industrial
  • Determinants of urban density and sprawl
  • Critiques and extensions of the monocentric model
  1. Location Choice of Households and Firms
  • Household location decisions: commuting costs, housing costs, amenities
  • Firm location decisions: access to labor, markets, inputs, agglomeration benefits
  • Sorting and stratification across urban space: income, demographics, amenities
  • Neighborhood effects and spatial inequality
  • The role of local public goods and taxes in location choices
  1. Housing Demand: Determinants and Characteristics
  • Housing as a durable good and an investment asset
  • Factors influencing housing demand: income, wealth, demographics, household formation
  • Tenure choice: owning vs. renting and the factors affecting it
  • Housing affordability: measures and challenges
  • Consumer preferences for housing attributes (hedonic pricing concept)
  1. Housing Supply: Production and Market Dynamics
  • The housing production function: land, labor, capital
  • Elasticity of housing supply: regulatory constraints (zoning, building codes), topography
  • Construction cycles and their relationship to economic cycles
  • The role of developers, builders, and financial institutions in housing supply
  • Measuring housing starts, completions, and vacancy rates
  1. Housing Market Analysis: Tools and Techniques
  • Market analysis framework: supply-side, demand-side, and equilibrium analysis
  • Data sources for housing market analysis: census data, market reports, administrative data
  • Hedonic pricing models: valuing housing attributes and amenities
  • Forecasting housing demand and supply: econometric and statistical methods
  • Market segmentation and target market identification
  1. Real Estate Valuation and Investment
  • Overview of real estate valuation methods: sales comparison approach, cost approach, income capitalization approach
  • Discounted cash flow (DCF) analysis for real estate investments
  • Key metrics in real estate investment: cap rates, IRR, NPV
  • Risk assessment in real estate development and investment
  • Financing residential and commercial real estate
  1. Urban Transportation and Infrastructure Economics
  • The economics of transportation networks: congestion, public transport, private vehicles
  • Impact of transportation infrastructure on land values and urban form
  • Pricing of urban transport: tolls, congestion pricing
  • Investment in public infrastructure (water, sanitation, energy) and its urban economic impact
  • Sustainable urban mobility and planning
  1. Urban Policy and Housing Challenges
  • Land use regulation: zoning, urban growth boundaries, impact fees
  • Housing policy: affordable housing programs, subsidies, rent control
  • Gentrification and displacement: causes, consequences, and policy responses
  • Urban renewal and regeneration strategies
  • The economics of informal settlements and slum upgrading
  1. Contemporary Issues in Urban Economics and Housing
  • The impact of technology and digitalization on cities (smart cities, remote work)
  • Climate change and urban resilience: green building, climate-resilient infrastructure
  • Urban disparities and social equity: spatial inequality, access to opportunities
  • The future of urban growth and megacities
  • The role of data analytics and GIS in modern urban and housing analysis.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Thriving Cities, Dynamic Markets: Urban Economics And Housing Market Analysis Training Course in Kenya
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