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An introduction to the property industry select recruitment industry
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An introduction to the Property industry

  • Publish Date: Posted about 1 year ago

Working in the property sector in the UK can involve a wide range of different jobs and roles beyond just estate agencies. While estate agencies are certainly a major part of the industry, there are many other careers that contribute to the functioning and growth of the sector.

Some of the other areas within the property sector in the UK include: 

Property Development: This involves identifying, acquiring and developing properties for different uses such as residential, commercial, industrial, or mixed-use. This includes everything from finding suitable land, getting planning permission, and overseeing the construction of the property.

Property Management: This involves the maintenance and management of properties on behalf of landlords or property owners, including dealing with tenants, maintenance and repairs, rent collection and ensuring compliance with laws and regulations.

Property Valuation: This involves assessing the value of properties, either for sale or for tax purposes, using various methods such as comparative analysis, income-based approach, and cost-based approach.

Property Finance: This involves providing funding for property development, purchases or refinance, which may include arranging mortgages, loans or other types of financing.

Property Law: This involves advising clients on legal matters related to property transactions and disputes, such as drafting contracts, handling conveyancing and resolving disputes.

Property Consultancy: This involves providing professional advice on various aspects of property such as development, planning, valuations, market research and investment.

Facilities Management: This involves managing the maintenance and operation of properties, including building services, security, health and safety and environmental management.

Overall, the property sector in the UK is diverse and dynamic, and offers a range of career opportunities for people with different skills and interests.

How to start a career in Property?

There are various ways in which people can end up in a property career in the UK. Some of the common routes include:

Academic qualifications: Some property careers require specific academic qualifications, such as degrees in property development, property management, surveying, law or finance. These qualifications can be obtained from universities or professional bodies such as the Royal Institution of Chartered Surveyors (RICS).

Apprenticeships: Apprenticeships are available in some property-related roles, such as construction or surveying. They offer the opportunity to learn on-the-job and gain practical experience while working towards professional qualifications.

Work experience: Many people start their careers in property by gaining work experience through internships, work placements, or entry-level positions. This can provide the opportunity to learn about different aspects of the industry and develop skills and knowledge.

Transferable skills: Some people move into property careers from other industries, using their transferable skills such as project management, finance, or marketing. These skills can be applied in a property context, such as managing a property development project or marketing properties to potential buyers.

Networking: Networking is an important aspect of building a career in property. Attending industry events, conferences, and seminars can provide opportunities to meet people in the industry, learn about current trends and developments, and potentially secure job opportunities.

Overall, there is no one set path to a property career in the UK, and individuals may take a variety of different routes to enter and progress in the industry.

The market for property-related jobs in the UK can be influenced by a range of factors, such as the overall economic conditions, the state of the property market, and changes in government policies and regulations. However, in general, the market for property-related jobs in the UK can be considered to be relatively strong.

According to recent research from the Royal Institution of Chartered Surveyors (RICS), the demand for property professionals in the UK has remained stable despite the uncertainty caused by Brexit and the COVID-19 pandemic. The report suggests that the property sector is likely to continue to offer a range of opportunities for skilled professionals, including surveyors, property managers, and real estate agents.

Furthermore, the UK government has announced a number of initiatives aimed at supporting the property sector, such as the introduction of a Stamp Duty holiday and the launch of a new Help to Buy scheme. These measures are likely to stimulate demand for property-related services and create job opportunities in the industry.

Overall, while the market for property-related jobs in the UK can be subject to fluctuations in response to wider economic and market conditions, the sector is generally considered to offer a range of opportunities for skilled professionals.

If you would like to find out more about the qualifications required for a career in Property, read our article on the subject.

Ready to explore your Property career prospects? View all of our Property job.

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