Andrew Baum

Emeritus Professor

Saïd Business School
University of Oxford
Park End Street


Andrew led the school's teaching activity in real estate 2009-2021 (MBA, EMBA and executive education), and in 2017 he established the Oxford Future of Real Estate Initiative, an industry-supported research programme focused on the 2025-2030 impact of innovation and technology on the global real estate industry.

He is Chairman of Newcore Capital Management, a real estate fund manager focussed on alternatives, and advisor to several property organisations. He was hired as the first director of property research for Prudential in 1987, since when he has spent part of his time as an academic and part of his time in business, developing an expertise in property funds, proptech and international real estate investment.

He founded RES (a property research company) in 1990 and (with his partners) sold the business to Henderson Global Investors in 1997. In 2001 he founded OPC, a property research and investment company which was sold to CBRE Investors to create CBRE Global Investment Partners.

Andrew’s ground-breaking report detailing the dramatic changes facing the real estate industry - PropTech 3.0: The Future of Real Estate - was the most downloaded Oxford Saïd report in 2017, and became the most downloaded PropTech report on Infabode. Andrew was also voted one of the top 3 most influential people in PropTech in the 2017 Lendinvest list.

Andrew held the Chair in Land Management at the Henley Business School, University of Reading, from 1989 to 2013 and was founder in 2002 of the Reading Real Estate Foundation, an educational charity established to support real estate education. He was appointed Emeritus Professor at Reading in 2013. He was Honorary Professor of Real Estate Investment at the University of Cambridge from 2009 to 2014, and a Fellow of St John's College, Cambridge from 2011 to 2014.

He is now Senior Research Fellow at Green Templeton College, Oxford.

He holds BSc, MPhil and PhD degrees from the University of Reading in the UK. A qualified member of the RICS and the CFA Institute (UK ASIP), he is the author or co-author of several textbooks with combined sales of over 60,000.

Awards and prizes:

  • Elected Academic Fellow of the Urban Land Institute, 2001, the first such election outside the US.
  • Elected Fellow of the Society of Property Researchers, 2002 'in recognition of an outstanding contribution in the field of property research'.
  • Appointed Powell Family Foundation Visiting Scholar in Real Estate Finance, University of Sydney, 2016.
  • University of Sydney Business School’s Dean’s Citation for Teaching, 2017.
  • International Real Estate Society Achievement Award, 2020. 

Read Andrew's CV


Andrew's research focus is on real estate investment, innovation/PropTech and property funds.


Can digital technologies speed up real estate transactions?(opens in new window)

  • Journal article
  • Journal of Property Investment and Finance
  • A Saull,
  • A Baum,
  • Fabian Braesemann
  • Fabian Braesemann,
  • Andrew Baum

Two centuries of farmland prices in England(opens in new window)

  • Journal article
  • Journal of Property Research
  • Arvydas Jadevicius,
  • Simon Huston,
  • Andrew Baum,
  • Allan Butler

The Income Approach to Property Valuation

  • Book
  • Routledge
  • A Baum,
  • D Mackmin,
  • N Nunnington
  • Andrew Baum,
  • Nick Colley
See more publications


Andrew leads the School's teaching activity on real estate.

He is the programme director for the Oxford Real Estate Investment Programme, delivered online.  

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