Project manager, real estate economist

What does a project manager, property economist do? – Tasks and work environment

A project manager specializing in property economics is responsible for leading and coordinating projects within the real estate sector with a focus on financial aspects. Tasks include planning budgets, analyzing property values, monitoring financial results, and ensuring projects are completed according to set goals and timelines. The role involves close collaboration with property managers, construction contractors, and financial advisors. The work environment is usually office-based with meetings at project sites or client locations, characterized by a combination of independent work and teamwork.

Salary development over time

The salary for project managers in property economics has shown positive growth over the past three years. In 2022, the average salary was 52,700 SEK per month, which increased to 53 200 SEK in 2023 and further to 56 900 SEK in 2024. This corresponds to a total salary increase of approximately 8 percent over the period. This growth can be attributed to increased demand for competent project managers in the real estate sector, where project complexity and requirements for financial management have increased. The stable market and a balance between supply and demand have also contributed to steady salary development. It is also likely that higher educational requirements and specialization within property economics have positively impacted salaries.

Project manager in property economics salary – complete overview

• Average salary: 56 900 SEK/month
• Lowest salary: 41,400 SEK (female, private sector worker, pre-secondary education)
• Highest salary: 66,000 SEK (male, private sector employee, three-year secondary education)
• Hourly wage: 342 SEK (based on 166 working hours/month)
• Gender differences: Women earn on average 53 300 SEK, which is 86 % of men's salary at 61 800 SEK
• Regional differences: Salary differences may occur depending on geographic area, with higher salaries often in larger cities and economic centers

Education and qualifications

To become a project manager in property economics, a relevant university degree in economics, property economics, or construction and property management is usually required. The education is often complemented with experience in the real estate industry and project management. Certifications in project management can also be advantageous.

• Formal degrees: Degree in Business Administration, Property Economics, or equivalent (3–5 years)
• Certifications: Project management certificates (e.g., PMI or IPMA)
• Internship/Trainee: Valuable experience through internships within real estate companies or consulting firms
• Prerequisites: Basic knowledge of economics and property law
• Tips for choosing: Select programs with strong links to the economic aspects of the real estate market and project management

Common benefits and compensations

Project managers in property economics are often offered benefits such as occupational pension, wellness allowance, and flexible working hours. Many employers also provide company cars or travel allowances if needed, along with opportunities for skills development and further education. Bonuses linked to project success are sometimes included.

Competition and challenges

The profession as a project manager specializing in property economics is competitive but stable. Challenges include managing complex projects with many stakeholders and tight deadlines, as well as staying updated on changes in the real estate market and regulations. Balancing economic demands with technical solutions requires precision and flexibility. Effective communication with different professional groups is also essential to achieve common goals.

Tips for those who want to become a project manager, property economist

To succeed as a project manager in property economics, it is beneficial to develop both analytical skills and social competence. Good problem-solving abilities facilitate handling complex projects and unforeseen obstacles. Being communicative and able to build trust among project parties is also crucial for success. It is recommended to gain practical experience early and to continuously update your knowledge in both economics and property law. Finally, obtaining a certification as a project manager can strengthen your professional profile.

Key facts about project managers, property economists

• Education level: University degree in economics or property economics (3–5 years)
• Salary range: 41,400–66,000 SEK/month
• Work environment: Office-based with meetings on-site
• Gender differences: Women earn approximately 86 % of men's salaries
• Demand: Moderate with balanced recruitment situation

Career paths and future prospects

After 3–5 years in the profession, a project manager in property economics can advance to senior project manager, financial manager within a property company, or specialist roles within property development. Opportunities also exist to work as a consultant or advisor in real estate investments. According to the Employment Service's forecasts, the demand for business economists, including project managers in property economics, is expected to be moderate and unchanged over five years. The recruitment situation is characterized as balanced, offering good employment opportunities for well-educated candidates.

Frequently asked questions about project managers, property economists

• What does a project manager, property economist earn?
  - The average salary is approximately 56 900 SEK per month, with variation depending on experience, gender, and geographic location.
• What education is required to become a project manager in property economics?
  - A university degree in economics or property economics is usually necessary, often supplemented with project management certification.
• Are there gender differences in salaries for project managers, property economists?
  - Yes, women earn on average 86 % of men's salaries in the profession.
• What is the working environment like for a project manager in property economics?
  - The work environment is mainly office-based with meetings at project sites.
• What career opportunities are available after a few years as a project manager?
  - Opportunities to advance to senior roles, specialists, or consultancy within the real estate industry.
• What are the future prospects for the profession?
  - Demand is moderate and expected to remain unchanged over the next five years according to the Employment Service.
• What personal qualities are important in the profession?
  - Analytical skills, good communication, and problem-solving abilities are central qualities.