Overview
What is a Real Estate Consultant?
Real Estate Consultants are real estate specialists that provide consultancy services to clients. They identify and implement business solutions throughout the land and property lifecycle, particularly in the development, buying and selling of property.
As a branch of management consultancy, professionals in this area may go by similar job titles, such as Management Consultant, Real Estate Advisor, Real Estate Counsellor and Property Investment Consultant.
How much do Real Estate Consultants earn?
The average salary of a Real Estate Consultant is usually between £30,000 – £50,000 a year.
Skills
What’s required for the role?
- Excellent communication skills
- Interpersonal skills
- Relationship building and stakeholder management
- The ability to negotiate
- Critical thinking and problem-solving skills
- Creativity
- Commercial awareness and acumen
- Expertise in strategy
- Leadership and management
- Financial analysis and economic knowledge
- Numerical literacy
- Data analysis
- Project management
- An understanding of the property lifecycle
Details
What does a Real Estate Consultant do?
Real estate professionals in this area have a wide range of responsibilities in their role, including:
What is the work environment like?
Professionals in this area will usually be employed by management consulting firms or independent companies, and their clients will consider real estate a significant part of their business.
Consultants will spend their time either in the office or on-site, with client engagement and research being two key focuses.
Opportunities
Is real estate consultancy a good career?
Real estate is a global industry – a career in this area could see you working on international projects or even being employed to work in a different country. It also crosses over with multiple sectors, meaning professionals in this area are always in demand and opportunities are rarely scarce.
Consultancy is a lucrative and flexible profession where employees are granted significant autonomy. However, there’s no denying that, like other areas of management consulting, it’s a competitive field.
Property is ultimately driven by people, so if you enjoy working with others and establishing relationships with clients, it can be a rewarding industry to work in.
For people with an understanding of sustainability, this strand of consulting can provide a platform to make a significant impact. Environmental, Social and Governance (ESG) is a core focus for many clients, and with a UCEM survey finding that 96% of real estate professionals believe the industry desperately needs more talent, a passion for this area can put you in a strong position.
Become a Real Estate Consultant
Who can work in real estate consultancy?
If you’re passionate about property, enjoy forming relationships and are seeking a varied and exciting career, you can launch a career in real estate consulting. At UCEM, thousands of students from various backgrounds have completed their studies and gained the academic qualifications they need to gain employment across the built environment. Find out about their experiences below:
- Why it’s never too late for a career change: a Q&A with UCEM Programme Leaders Jon Hubert and Nicola Allen
- From IT consultant to a real estate and sustainability thought leader – a student success story with Esha Bhasin MRICS
- Property is about people – a student success story with Sadaqat Hussain MRICS
How to become a Real Estate Consultant
To launch a career in real estate consulting, a non-cognate or RICS-accredited degree may be required. Most surveyors work towards achieving chartered status with RICS (referred to as MRICS). Experience in real estate management, asset management and strategy are also valuable.
Along with obtaining degrees, online CPD courses in relevant subjects can strengthen your employment credentials, such as:
