Estate development and management is an area that requires a few different skills from leadership to creative and confident in one’s own ability.
It is an important part of the construction industry and often specialising in a particular area will make you much more attractive to employers.
So, why not begin your research in this area right now? We’ve gathered the basics for you below to help you along your way.
What is Estate Development and Management?
At the risk of sounding a little sarcastic, estate development and management is quite self explanatory. It refers to the buying, development and managing of land or property. It covers everything to do with the land and property from finance and project management, image, control and the orchestration of development.
There are many courses on offer in the area across the UK. Some courses offer the opportunity to study either part time or full time. Universities may have certain restrictions in place due to Covid-19 and may offer courses online. There are courses available in this area across a number of colleges and are very similar.
International Real Estate and Management
Postgraduate courses in real estate and management will allow students to gain a detailed understanding of the global real estate industry and modern business principle, techniques and contextual conditions. These courses are mostly catered to those who wish to have a career in a role such as corporate real estate management. Modules that are mostly covered in these courses include International Real Estate Analysis, Professional Practice, Ethics and Management, Real Estates Markets, Development Appraisal for Real Estate Surveyors and Managing Strategic change, to name a few. Specific course content may differ from course to course.
Finance and Real Estate
These courses are mostly catered towards those who already have a degree in real estate and wish to continue their development. This course brings real estate and finance together and bridges the gap between undergraduate studies and workforce. This is designed to extend the student’s capability and range in all financial aspects of real estate and property development. THis course also offers a focus on commercial property valuation and investment and the study of international real estate markets.
Environmental Assessment and Management
Postgraduate courses in this area are a slightly different area but with a degree in real estate management or development, a course like this would help you to develop your career to enhance your chances in the future and help you gain an understanding of the environmental side of the industry. In a course like this you will look at areas such as standards and auditing, professional practice and environmental impact assessment.
Other courses available in this area include Real Estate (Commercial Option), Real Estate (International Option), Rural Surveying and Rural Property Management, to name a few.
Entry requirements may differ from course to course or university to university. Therefore, it is important to research your specific course in detail to ensure you meet the entry requirements. As these courses are postgraduate courses, you will need a bachelor’s degree. Some courses may accept a 2.2 degree while others will require a 2.1 in a relevant subject.
The salaries in this area can vary so it’s hard to put exact figures on it. If you decide to take the role of an estate developer in the UK, it is believed you may earn around £44,698 annually. As an estate manager you could earn in or around £53,755. All figures are based on estimates and are intended to be used as a guide only.
Skills and requirements
Skills and requirements helpful in this area include:
- Communication skills
- Interpersonal skills
- Strong people skills
- Leadership skills
- Time management
- Organisation skills
- Negotiation skills
- Ability to work well with others
- Commercial ability and awareness
- Analytical ability