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Bit of help needed

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  • Bit of help needed

    I have been asked to write 500 words on what qualities a property developer needs in order to be successful in today's market. All the searches I come up with are saying a good financial background etc whereas I am looking more so at personal traits and characteristics. Anybody any ideas?

  • #2
    I would suggest attending a property course as you learn a lot more about property and you can understand the demographic that are interested and tend to succeed in property investment.


    • #3
      It really does come down to a combination of money (assets) and entrepreneurship (ie, ability to take risk). And market knowledge, as well.


      • #4
        I would suggest (a) that the OP is a journalist, and if so, (b) that if said journalist has to post in forums like these to get articles written for them, that they might want to consider a change of career


        • #5
          I'm at university and the subject is economics and development but thanks for the help


          • #6
            hi Jasmine, I reckon innovative/creative, resiliant, ability to adapt are key right now. Agree with Brian that Entrepreneurial traits are essential in a difficult market - in any busines. If you've got cash then you're king! (but that's not personal characteristics rather good judgement, business skills or luck!
            Mark Donald
            providing more effective reports.......


            • #7
              Personal management skills are helpful. By that I mean the ability to get on well with a whole variety of tradesfolk. There will be occasions when it is necessary to pressure someone to work to an agreed timeframe or to a particular quality. Being able to cajole someone into doing so, without rancour, is vital.
              Renovation opportunity, 3b det., Carmarthenshire