What is it about?
The property industry is changing quickly, driven by new technologies and the need for more sustainable practices. This article explains how property professionals can adapt to these changes using a framework called IDEA, which stands for Integration, Digitisation, Engagement, and Adaptability. The article highlights the key skills that professionals need to develop, such as embracing new technologies, engaging with different stakeholders, and staying adaptable in a fast-changing field. It also provides practical advice, like incorporating geospatial data in property assessments and creating ethical guidelines for using artificial intelligence (AI). These strategies will help property professionals keep up with industry changes and ensure that the profession remains resilient and effective in the future. The article also emphasizes the importance of ongoing learning and collaboration to stay relevant in a rapidly evolving market.
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This page is a summary of: Real Estate Insights: Reshaping the skills of future property professionals: the IDEA framework, Journal of Property Investment & Finance, February 2025, Emerald,
DOI: 10.1108/jpif-01-2025-0010.
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