In recent times, the world has faced some challenges and uncertainties and it’s natural to be dubious about where to build your career.
If you are considering taking that next step or leaping into the property industry, this blog will take you through 3 of the key benefits of gaining a job in property could bring you, as well as the opportunities there are to take hold of.
Stable, resilient and adaptable
One of the primary drivers of the real estate industry is the demand for housing. Regardless of economic conditions, people will always need somewhere to live. The growing population further fuels this meaning the demand for housing continues to be steady.
How is the property industry resilient?
Despite economic fluctuations, the UK property industry has displayed resilience over the years and has historically recovered from downturns and continued to grow in the long run.
The real estate industry also adapts exceptionally well to the motives and demands of its stakeholders. An example of this is the recent growth of the rental market.
According to The Guardian, the demand for rental homes has increased by 23%, due to more people not being able to afford to buy properties. ‘The rental market is as strong as ever, which is helping to combat challenges around operations for many businesses in the property market’ – Sowgol Zarinchang, Managing Director - Way of Life.
This stability can provide you with a sense of security and confidence in your next career decision, knowing the property industry has a strong foundation and long-term potential. There will always be a need for property professionals within the whole lifecycle, whether that’s real estate agents, property managers or quantity surveyors.
2. Diverse career paths
According to the British Property Federation, the real estate sector supported more than 2.6 million jobs in 2022. You won’t find it hard to find the role that suits you as the market offers a wide range of career opportunities, allowing you to choose a path that aligns with your interests and specific skill set. From estate agents to construction managers, there are countless roles to explore.
How does the property industry offer career growth?
It’s not just the diverse career paths that the property industry has to offer, but also the ample prospects for career growth and development. You can start your career in various entry-level roles and progress to more senior positions as you gain experience and expertise. The diverse nature of the property industry and the roles within it provides opportunities to specialise in your areas of interest and develop niche expertise.
3. Lucrative financial rewards
How lucrative is the property industry?
There is no doubt that the property industry is a lucrative one, and according to the British Property Federation, it contributes over £100bn to the UK’s economy each year. Working in the sector can be financially rewarding, with plentiful opportunities for earning a substantial income.
Real Estate sales professionals, such as estate agents, often benefit from commissions based on the value of the properties they sell. As the demand for quality properties continues to rise, so do the property values, providing opportunities for long-term financial gains. Whether you’re involved in property development, sales or investment, the potential for financial success in this sector is significant.
From steady demand for housing, diverse career paths and lucrative earning potential, the property industry offers numerous reasons to be positive. So, if you’re considering a career in the property industry, embrace them, the opportunities are waiting for you!
