Rate My Professor Heidi Falkenbach

Aalto University

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5.05/4/2026

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About Heidi

Heidi Falkenbach is an Associate Professor of Real Estate Economics in the Department of Built Environment at Aalto University School of Engineering. She holds a Doctoral degree in Engineering and Technology from Aalto University, awarded on 17 June 2010, a Master's degree in Business and Economics from Turku School of Economics, awarded on 11 June 2008, and a Master's degree in Engineering and Technology from Helsinki University of Technology, awarded on 28 February 2005. In June 2015, Aalto University appointed her to a fixed-term position as Assistant Professor at the School of Engineering, Department of Built Environment.

Falkenbach's research specializations include real estate economics in a broad sense, real estate finance, land policy, real estate investment, commercial real estate, real estate market, and municipal land use interests. She has published extensively in peer-reviewed journals. Key publications from her Google Scholar profile include "Review articles: environmental sustainability: drivers for the real estate investor" (2010, Journal of Real Estate Literature, 165 citations), "Market selection for international real estate investments" (2009, International Journal of Strategic Property Management, 71 citations), "Risk management in public land development projects: Comparative case study in Finland, and the Netherlands" (2017, Land Use Policy, 55 citations), "REITs and correlations with other asset classes: a European perspective" (2010, Journal of Real Estate Portfolio Management, 52 citations), "Securing public objectives in large-scale urban development: Comparison of public and private land development" (2018, Land Use Policy, 50 citations), "Development-led planning practices in a plan-led planning system: empirical evidence from Finland" (2017, European Planning Studies, 48 citations), "Understanding variation in municipal land policy strategies: An empirical typology" (2022, Cities, 45 citations), and recent articles such as "Assessing the comprehensiveness of the land policy toolbox: An analytical framework" (2025, Land Use Policy), "INTEGRATING CLIMATE POLICY OBJECTIVES INTO MUNICIPAL LAND POLICIES: From conceptualization to empirical evidence from Finland" (2025, International Journal of Urban and Regional Research), and "Pursuing municipal land use interests in densifying cities: How municipalities strategically apply land value capture contracting to trade-off economic value of density for other gains" (2025, Urban Studies). She has received the Kirjoittajapalkinto from Maanmittaustieteiden seura ry, Finland, in 2010 and 2013, and the 2018 Emerald Literati Awards for Outstanding Reviewer for Journal of Financial Management of Property and Construction and Property Management. Falkenbach holds memberships on four editorial boards and is involved with the Real Estate research group.