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
aptitude for mathematics and computers
sound judgment and analytical skills.