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Real Estate Economics
This lecture covers the Swiss real estate market structure, with around 100,000 hectares dedicated to housing and 60,000 hectares to industry. It delves into the financial plan of a rental property, discussing costs, mortgages, and equity. The concept of net rental income is explained, along with the costs of equity and debt in real estate investments. The importance of value-added works in increasing property value is highlighted, emphasizing the distinction between maintenance and value-adding works. The lecture concludes with a summary and hints at future topics in real estate economics.