Circular Economy in Property Management: A Prisma Systematic Review

The concept of the Circular Economy has generated significant impact as a sustainable alternative to the traditional linear economic model, emphasizing resource efficiency, waste reduction, and environmental sustainability. This study aims to explore the integration of circular economy practices within the field of property management through a comprehensive literature review conducted using the Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA) framework. This systematic review analysing the existing literature on the circular economy and property management, identifying key themes and practices associated with the application of Circular Economy principles in property management. The review encompasses peer-reviewed articles, conference papers, and article journals published over the last decade. The findings reveal a growing interest in adopting of circular economy practices within property management, driven by the need for more sustainable building practices, improved resource efficiency, and enhanced asset value. Key themes identified include the implementation of closed-loop systems, sustainable building materials, waste minimization strategies, and the role of technology in facilitating Circular Economy practices. Trends of circular economy studies are evolving all around the world addressing significant issues such as waste reduction, resource efficiency, and long-term value creation within the property management sector. The increasing keywords related to Circular Economy identified are “Sustainability†, “Sustainable development†, “Facility management†, “Facilities management†, and “Property management†. The study concludes by outlining the potential benefits of integrating circular economy practices in property management, including reduced environmental impact, cost savings, and increased property value. Additionally, it identifies gaps in the existing literature and suggests areas for future research.