Real Estate is seen by most Architects or Architects-to-be as a constraint to design and to the fulfillment of people’s real spatial needs. Real Estate education within Faculties of Architecture has to face this. The key to attract Architects could be a research agenda that interprets Architectural design (urban design included) as the design of Real Estate goods. This presentation goes through a list of on-going research projects at the Faculty of Architecture of the Universidade de Lisboa to contribute to find a list of categories that might be common to the few European Faculties of Architecture that have a place for Real Estate education. The second tentative step is to transform those projects themselves into Real Estate research.