Property economists provide advice about the administration, development and use of land and property such as office buildings, shopping centres, blocks of flats, subdivisions, factories, hotels, resorts and farms.
Duties & Tasks
Property economists may perform the following tasks:
- advise on the best method of sale (such as leasing proposals or purchase of property) and improvements in property presentation
- arrange the sale of properties
- advise on the leasing of new premises and negotiate with landlords, determining space requirements, the best geographical location and the costs involved
- develop and implement marketing strategies for investment properties and negotiate with tenants
- collect and research information about properties and write comprehensive reports
- prepare feasibility studies, carry out market research, evaluate the risks and returns of property developments, and manage projects
- advise on property investment, and on achieving the best return for an investment property or group of properties.
Property economists may coordinate a team of professionals for a property project. This may include accountants, architects, engineers, quantity surveyors, financiers, builders, real estate agents and property marketers.
- good communication and presentation skills
- leadership qualities
- aptitude for mathematics and computers
- sound judgment and analytical skills.