IE University reinvents Communication

IE University has reinvented university education with its new degree communication, one of the international universityâ??s flagship programme for the academic year 2008-2009. The new degree runs in English and Spanish and will combine online and onsite training with internships whereby students can gain work experience in other countries and learn languages. The new degree…

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IE Business School holds 4th position worldwide and 1st in Europe in the annual ranking of MBAs carried out by leading Latin American business journal America Economia. IE Business School has climbed 8 places this year to consolidate its position as one of the worldâ??s top business schools. In this yearâ??s survey Harvard headed the…

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IE participates in Australia MBA Fairs

IE will be joining the MBA & Postgrad Expo in Melbourne and Sydney. This underlines the ongoing efforts to build a truly global classroom on campus in Madrid but also virtually in our online programs. Currently, our English-speaking programs are composed by 85-90% of international students from around 75 nationalities. If you wish to join…

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Be an entrepeneur!

IE Business School sits down with Meinrad Spenger, former International MBA student, to talk about his recent entrepreneurial project, the launch of MÁSmovil. He shares his views on his MBA experience at IE, and acknowledges the value of studying in a school that fosters the entrepreneurship spirit.

j0438951.jpgBy Miguel Hernández, Director of the Advanced Programme in Real Estate Business Management at IE Business School. Member of the Royal Institution of Chartered Surveyors

At times of uncertainty, such as the present, it is of fundamental importance to consider the basic principles and concepts on which real estate is based. We have had such frenetic years that daily routine has taken away our mid-term vision and perspective. I also remember where we have come from. Accordingly, I consider five questions and offer one thought on the current situation.

What is understood by the â??real estate sectorâ??
In recent years, the sector has become so sophisticated that the activity related to real estate has very different focuses when seen from the viewpoints of product, location, operators, capitals and demand.

What may be a crisis for developers is an opportunity for demand and, what is seen as the contraction of finance opens up the door to higher profitability for own resources. There are areas in the world where cycles come to an end and there are others where they begin. There are product segments that run out and others that offer better investment possibilities.

In short, we can speak of a residential crisis in Spain for developers and banks, but there are also high levels of profitability to be gained from investments in Russia or Turkey in the development of low-geared shopping centres.

Can we speak of only one â??real estate sectorâ??
Does an apartment developer, a REIT (Real Estate Investment Trust) trader or a listed company analyst speak about real estate? Of course they do, but the part of the sector in which each one is interested is completely different. Everything is related, but there is a â??level of technologyâ? that is so specific for all the operators in the sector that it is almost impossible for the information on each area to be consistent. Indeed, work is carried out independently.

This graph shows investment outlooks by asset type and reveals the numerous alternatives by product, geographical location and investment format.

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