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I am a professor in Real Estate Finance at UCL. I specialize on topics related to real estate investment and finance, infrastructure investment and affordable housing. I approach this from the angle of institutional investors and institutions. A large part of my research has focused on the role of location for the pricing of assets, At UCL, I have focused on establishing an Affordable Housing Hub where the focus has been working with housing associations and institutional investors as well as engaging with the government.


I have worked on advisory projects for including the Department for Levelling Up, Housing and Communities, CASE & G15 housing associations, the National Housing Federation, Shelter, Royal Institution of Chartered Surveyors, European Public Real Estate Association, Connected Places Catapult, Urban Land Institute, New Climate Economy, etc. I have expertise in project management and policy evaluation in affordable housing and real estate. 


I have published over 20 peer-reviewed papers in leading field academic journals such as the Journal of Corporate Finance, Journal of Banking and FinanceRegional Science and Urban Economics, Journal of Real Estate Finance and Economics, Energy Economics.  I have disseminated my research in more than 50 conferences and symposiums, such as the Allied Social Sciences Association (ASSA) and the American Real Estate and Urban Economics Association (AREUEA). 


My research has received competitive research and industry awards. These include awards by Energy Economics journal for most cited paper, research funding by RERI , and best paper awards by RICS , Homer Hoyt Institute , Cushman and Wakefield (DTZ), and University of Reading Research Endowment Trust Fund .

I am a research affiliate at the ESCP Institute of Real Estate Finance and Management and the UCL Centre for Finance. I also serve on the BSSC Advisory Board. I have been involved in various roles including co-director of research and PhD programme director for BSSC. 

Learn more about the Net Zero Affordable Housing Knowledge Exchange initiative in the video below.

Follow me on Twitter @Stani_Milcheva

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