IDEAS home Printed from https://ideas.repec.org/a/eme/jpifpp/jpif-01-2025-0010.html
   My bibliography  Save this article

Real Estate Insights: Reshaping the skills of future property professionals: the IDEA framework

Author

Listed:
  • Ka Shing Cheung

Abstract

Purpose - The property profession is in the midst of significant change, driven by new technologies, evolving societal needs and the growing emphasis on sustainability. This article explores how property professionals can adapt to these changes using the IDEA framework – integration, digitisation, engagement and adaptability. The goal is to outline the essential skills and strategies that can help professionals stay relevant and effective in a rapidly changing industry. Design/methodology/approach - Informed by discussions at the Pacific Rim Real Estate Society (PRRES) 2025 conference, this article combines academic insights with industry expertise. By examining each pillar of the IDEA framework, the article provides practical examples and case studies of how property professionals can integrate new technologies, digitise their practices, engage with key stakeholders and remain adaptable to the evolving demands of the sector. Findings - The research reveals that the future of property professionals hinges on their ability to integrate diverse areas of knowledge, such as data science, urban planning and environmental considerations, into their work. Technology, particularly AI and geospatial data, is transforming property valuation, but professionals must also address the challenges of bias and transparency. Engagement with stakeholders – from regulators to local communities – is crucial for ensuring ethical practices, while adaptability through continuous learning, internships and real-world experience is key to thriving in this fast-changing field. Practical implications - The findings underscore the need for property professionals to stay ahead of technological advancements and market shifts by embracing ongoing learning and practical experience. Suggestions include incorporating geospatial data into property assessments, developing ethical guidelines for AI and promoting flexible career paths through industry internships and active learning. These strategies will help professionals keep pace with industry change and enhance the profession’s long-term resilience. Originality/value - This article presents a unique approach to preparing property professionals for the future, focusing on the practical application of the IDEA framework. It offers a fresh perspective on integrating technology, ethics and multidisciplinary collaboration into everyday practice. The article contributes valuable insights bridging the gap between academic theory and real-world application, providing thought leadership and actionable guidance for the profession.

Suggested Citation

  • Ka Shing Cheung, 2025. "Real Estate Insights: Reshaping the skills of future property professionals: the IDEA framework," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 43(3), pages 357-362, February.
  • Handle: RePEc:eme:jpifpp:jpif-01-2025-0010
    DOI: 10.1108/JPIF-01-2025-0010
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JPIF-01-2025-0010/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://www.emerald.com/insight/content/doi/10.1108/JPIF-01-2025-0010/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers

    File URL: https://libkey.io/10.1108/JPIF-01-2025-0010?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:jpifpp:jpif-01-2025-0010. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.