The Recent Emergence of Real Estate Education in French Business Schools: The Paradox of the French Experience

Abstract

Executive Summary. The international boom-bust property cycle of the mid 1980s has given rise to changes in the French real estate world in the last three years. New openings and new careers have emerged—asset manager, facilities manager or property consultant. Moreover, these developments have spawned new real estate education programs in some French business schools. It is the specific nature of the French context that helps explain the late emergence of such courses. The paradox is that despite a long tradition in France in urban management and in real estate education centered on law studies, no real estate business, financial or economic courses have been forthcoming until recently.