What skills does a property developer need?

A property developer needs 20 essential skills including contract law, real estate market, budgetary principles, market research, investment analysis. Core competencies include .

Will AI replace property developer jobs?

The AI disruption score for property developer is 46/100 (moderate risk). Some tasks may be automated but the role will evolve rather than disappear entirely.

Manufacturing & ProductionProduction and specialised services managersISCO 1323

property developer

Property developers buy land, finance deals, order construction projects and orchestrate the process of development. They purchase a tract of land, decide on a marketing strategy, and develop the building program. Developers must also obtain legal approval and financing. When the project is finished, they may lease, manage, or sell the property.

European Skills Framework

Skills and knowledge areas required for this occupation based on European classification.

Essential (20)

contract lawcontract lawThe field of legal principles that govern written agreements between parties concerning the exchange of goods or services, including contractual obligations and termination.real estate marketreal estate marketThe trends concerning the buying, selling, or renting of property, including the land, buildings, and natural resources encompassed within the property; the categories of residential properties and pr...budgetary principlesbudgetary principlesPrinciples of estimating and planning of forecasts for business activity, compile regular budget and reports.market researchmarket researchThe processes, techniques, and purposes comprised in the first step for developing marketing strategies such as the collection of information about customers and the definition of segments and targets...investment analysisinvestment analysisThe methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to ...audit contractorsaudit contractorsExamine and document different industry contractors, in order to determine whether they comply with regulations and standards in relation to safety, environment and quality of design, construction and...ensure compliance with legal requirementsensure compliance with legal requirementsGuarantee compliance with established and applicable standards and legal requirements such as specifications, policies, standards or law for the goal that organisations aspire to achieve in their effo...provide cost benefit analysis reportsprovide cost benefit analysis reportsPrepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project or investment i...estimate profitabilityestimate profitabilityTake various factors into account to calculate the cost and potential revenues or savings gained from a product in order to evaluate the profit that could be generated by the new acquisition or by a n...create a financial plancreate a financial planDevelop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.follow health and safety procedures in constructionfollow health and safety procedures in constructionApply the relevant health and safety procedures in construction in order to prevent accidents, pollution and other risks.coordinate marketing plan actionscoordinate marketing plan actionsManage the overview of the marketing actions such as the marketing planning, internal financial resource granting, advertising materials, implementation, control, and communication efforts.manage contractsmanage contractsNegotiate the terms, conditions, costs and other specifications of a contract while making sure they comply with legal requirements and are legally enforceable. Oversee the execution of the contract, ...compare property valuescompare property valuesObtain information on the value of properties comparable to a property which is in need of valuation in order to make more accurate appraisals and assessments, or to set or negotiate the price at whic...keep records of work progresskeep records of work progressMaintain records of the progress of the work including time, defects, malfunctions, etc.execute feasibility studyexecute feasibility studyPerform the evaluation and assessment of the potential of a project, plan, proposition or new idea. Realise a standardised study which is based on extensive investigation and research to support the p...monitor contractor performancemonitor contractor performanceManage contractor performance and assess whether they are meeting the agreed standard and correct underperformance if needed.assess financial viabilityassess financial viabilityRevise and analyse financial information and requirements of projects such as their budget appraisal, expected turnover, and risk assessment for determining the benefits and costs of the project. Asse...maintain financial recordsmaintain financial recordsKeep track of and finalise all formal documents representing the financial transactions of a business or project.negotiate land acquisitionnegotiate land acquisitionNegotiate with landowners, tenants, mineral rights owners or other stakeholders of land containing mineral reserves in order to buy or lease the land.

Optional (20)

business management principlesbusiness management principlesPrinciples governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.building systems monitoring technologybuilding systems monitoring technologyComputer-based control systems that monitor mechanical and electrical equipment in a building such as HVAC, security and lighting systems.energy performance of buildingsenergy performance of buildingsFactors that contribute to lower energy consumption of buildings. Building and renovation techniques used to achieve this. Legislation and procedures regarding energy performance of buildings.accounting techniquesaccounting techniquesThe techniques of recording and summarising business and financial transactions and analysing, verifying, and reporting the results.architecture regulationsarchitecture regulationsThe regulations, statutes, and legal agreements existing in the European Union in the field of architecture.leasing processleasing processThe leasing process, including any requirements, tenants, and legal conditions.develop energy saving conceptsdevelop energy saving conceptsUse current research results and collaborate with experts to optimise or develop concepts, equipment, and production processes which require a lesser amount of energy such as new insulation practices ...oversee planning of security systemsoversee planning of security systemsMonitor the selection and installation of security systems such as fire protection and soundproofing equipment and make sure it is sufficiently efficient and compliant with current legislation.manage staffmanage staffManage employees and subordinates, working in a team or individually, to maximise their performance and contribution. Schedule their work and activities, give instructions, motivate and direct the wor...monitor parameters' compliance in construction projectsmonitor parameters' compliance in construction projectsMonitors progress in construction sites and the compliance of various parameters outlined in the design phase such as quality, costs, timeline, and contractors' responsibilities.liaise with financiersliaise with financiersLiaise with people willing to finance the project. Negotiate deals and contracts.recruit employeesrecruit employeesHire new employees by scoping the job role, advertising, performing interviews and selecting staff in line with company policy and legislation.attend trade fairsattend trade fairsAttend exhibitions organised to enable companies in a specific sector to demonstrate their latest products and services, study the activities of their competitors, and observe recent market trends.provide information on propertiesprovide information on propertiesProvide information on the positive and negative aspects of a property and the practicalities concerning any financial transactions or insurance procedures; such as location, composition of the proper...liaise with shareholdersliaise with shareholdersCommunicate and serve as communication point with shareholders in order to provide an overview on their investments, returns, and long-term plans of the company to increase profitability.liaise with quality assuranceliaise with quality assuranceWork closely with the relevant quality assurance or grading party involved.negotiate land accessnegotiate land accessNegotiate with landowners, tenants, mineral rights owners, regulatory bodies or other stakeholders to obtain permission to access areas of interest for exploration or sampling.value propertiesvalue propertiesExamine and evaluate land and buildings in order to make valuations about their price.manage maintenance operationsmanage maintenance operationsOversee maintenance activities, making sure that staff is following procedures and ensuring routine and periodic refurbishment and maintenance activities.use safety equipment in constructionuse safety equipment in constructionUse elements of protective clothing such as steel-tipped shoes, and gear such as protective goggles, in order to minimise risk of accidents in construction and to mitigate any injury if an accident do...