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UK Real Estate Salaries

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4258

Key UK Salary Findings

£59,926

Median UK salary

(up 4% on last year)

70%

Of respondents’ pay increased in the last 12 months
Up 26%on last year

24%

Was the average increase in pay as a direct result of a counter offer in the last 12 months.
Up 18% on last year

Nicholas Carman Director - UK

2022’s report talked about emerging from a pandemic, frenetic hiring energy and dealing with construction materials and salary inflation. This year many of these same forces still apply, salary inflation appears to be cooling but with statistics on counter offers and sentiment surrounding skills shortages high, it appears salaries and total compensation will continue to rise.

Our commentary also focuses on shifting attitudes towards flexible working, office attendance and those benefits most valued.

The survey remains the reporting benchmark of remuneration and attitudes across the international real estate industry, with over 16,000 survey respondents.

Now in its twenty third year, Macdonald & Company are pleased to be able to present this insightful data.

We are grateful for our participants taking their time to complete the survey, providing information on how much their remuneration packages have evolved and how working in real estate measures up today. The report offers a robust overview on how the industry has evolved, providing clarification on market trends for professionals and organisations.

The overriding theme this year is one of consolidating working practices, softening salary inflation, yet robust demand for key talent ensuring total compensation keeps climbing.

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Average UK base salaries & bonus by industry / profession and seniority (median)

*The Associate Director title doesn't always exist in all organisations, as such it can occasionally account for anomalous results

Search a salary

UK Wide

NET SALARY £ 71600
Director / SVP £ 130000
Associate Director * / VP / Head of £ 75000
Associate / AVP / Manager £ 77500
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 30500
NET BONUS £ 23563

UK Wide

NET SALARY £ 72300
Director / SVP £ 110000
Associate Director * / VP / Head of £ 80000
Associate / AVP / Manager £ 72500
Qualified / Consultant / Analyst £ 55000
Graduate / Assistant / Junior £ 44000
NET BONUS £ 5250

UK Wide

NET SALARY £ 60700
Director / SVP £ 100000
Associate Director * / VP / Head of £ 60000
Associate / AVP / Manager £ 56000
Qualified / Consultant / Analyst £ 55000
Graduate / Assistant / Junior £ 32500
NET BONUS £ 17500

UK Wide

NET SALARY £ 70625
Director / SVP £ 110000
Associate Director * / VP / Head of £ 84000
Associate / AVP / Manager £ 67625
Qualified / Consultant / Analyst £ 60000
Graduate / Assistant / Junior £ 31500
NET BONUS £ 18700

UK Wide

NET SALARY £ 62100
Director / SVP £ 90000
Associate Director * / VP / Head of £ 70000
Associate / AVP Manager £ 65500
Qualified / Consultant / Analyst £ 50000
Graduate / Assistant / Junior £ 35000
NET BONUS £ 6225

UK Wide

NET SALARY £ 72100
Director / SVP £ 120000
Associate Director * / VP / Head of £ 70000
Associate / AVP / Manager £ 73000
Qualified / Consultant / Analyst £ 65000
Graduate / Assistant / Junior £ 32500
NET BONUS £ 10438

UK Wide

NET SALARY £ 57450
Director / SVP £ 85000
Associate Director * / VP / Head £ 65000
Associate / AVP / Manager £ 65000
Qualified / Consultant / Analyst £ 47250
Graduate / Assistant / Junior £ 25000
NET BONUS £ 6125

UK WIde

NET SALARY £ 113806
Director / SVP £ 200000
Associate Director * / VP / Head of £ 100225
Associate / AVP / Manager £ 75000
Qualified / Consultant / Analyst £ 80000
NET BONUS £ 82833

UK Wide

NET SALARY £ 94904
Director / SVP £ 132713
Associate Director * / VP / Head of £ 77000
Qualified / Consultant / Analyst £ 75000
NET BONUS £ 12250

UK Wide

NET SALARY £ 79000
Director / SVP £ 130000
Associate Director * / VP / Head of £ 77500
Qualified / Consultant / Analyst £ 72500
Graduate / Assistant / Junior £ 36000
NET BONUS £ 8000

UK Wide

NET SALARY £ 69242
Director / SVP £ 142500
Associate Director * / VP Head of £ 73711
Associate / AVP / Manager £ 55000
Qualified / Consultant / Analyst £ 36000
Graduate / Assistant Junior £ 39000
NET BONUS £ 23333

UK Wide

NET SALARY £ 96333
Director / SVP £ 121500
Associate Director * / VP / Head of £ 92500
Associate / AVP / Manager £ 75000
NET BONUS £ 35333

UK Wide

NET SALARY £ 60800
Director / SVP £ 101000
Associate Director * / VP / Head of £ 67000
Associate / AVP / Manager £ 62000
Qualified / Consultant / Analyst £ 51000
Graduate / Assistant / Junior £ 23000
NET BONUS £ 7600

UK Wide

NET SALARY £ 90625
Director / SVP £ 116500
Associate Director * / VP / Head of £ 90000
Associate / AVP / Manager £ 105000
Qualified / Consultant / Analyst £ 51000
NET BONUS £

UK Wide

NET SALARY £ 55625
Director / SVP £ 110000
Associate Director * / VP / Head of £ 54500
Qualified / Consultant / Analyst £ 33000
Graduate / Assistant / Junior £ 25000
NET BONUS £ 22250

UK Wide

NET SALARY £ 98200
Director / SVP £ 150000
Associate Director * / VP / Head of £ 125000
Associate / AVP / Manager £ 90000
Qualified / Consultant / Analyst £ 66000
Graduate / Assistant / Junior £ 60000
NET BONUS £ 48764

UK Wide

NET SALARY £ 87400
Director / SVP £ 162500
Associate Director * / VP / Head of £ 105000
Associate / AVP / Manager £ 77500
Qualified / Consultant / Analyst £ 60000
Graduate / Assistant / Junior £ 32000
NET BONUS £ 48000

UK Wide

NET SALARY £ 56575
Director / SVP £ 94875
Associate Director * / VP / Head of £ 65000
Associate / AVP / Manager £ 55000
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 23000
NET BONUS £ 2650

UK Wide

NET SALARY £ 57333
Associate Director * / VP / Head of £ 90000
Qualified / Consultant / Analyst £ 50000
Graduate / Assistant / Junior £ 32000
NET BONUS £

UK Wide

NET SALARY £ 60000
Director / SVP £ 90000
Associate Director * / VP / Head of £ 76500
Associate / AVP / Manager £ 58000
Qualified / Consultant / Analyst £ 44000
Graduate / Assistant / Junior £ 31500
NET BONUS £ 31000

UK Wide

NET SALARY £ 52313
Associate Director * / VP / Head of £ 53000
Associate / AVP / Manager £ 51625
NET BONUS £

UK Wide

NET SALARY £ 67750
Director / SVP £ 95000
Associate Director * / VP / Head of £ 63000
Associate / AVP / Manager £ 63000
Qualified / Consultant / Analyst £ 50000
NET BONUS £

UK Wide

NET BONUS £ 57470
Director / SVP £ 89000
Associate Director * / VP / Head of £ 76750
Associate / AVP/ Manager £ 50000
Qualified / Consultant / Analyst £ 44000
Graduate / Assistant / Junior £ 27600
NET BONUS £ 5875

UK Wide

NET SALARY £ 68700
Director / SVP £ 102500
Associate Director * / VP / Head of £ 98500
Associate / AVP / Manager £ 78000
Qualified / Consultant / Analyst £ 52500
Graduate / Assistant / Junior £ 12000
NET BONUS £ 3071

UK Wide

NET SALARY £ 56120
Director / SVP £ 80000
Associate Director * / VP / Head of £ 57000
Associate / AVP / Manager £ 57100
Qualified / Consultant / Analyst £ 46500
Graduate / Assistant / Junior £ 40000
NET BONUS £ 8480

UK Wide

NET SALARY £ 75964
Director / SVP £ 130000
Associate Director * / VP / Head of £ 77320
Associate / AVP / Manager £ 82500
Qualified / Consultant / Analyst £ 60000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 9750

UK Wide

NET SALARY £ 62000
Director / SVP £ 135000
Associate Director * / VP / Head of £ 56000
Associate / AVP / Manager £ 53000
Qualified / Consultant / Analyst £ 36000
Graduate / Assistant /' Junior £ 30000
NET BONUS £ 8250

UK Wide

NET SALARY £ 96250
Director / SVP £ 90000
Associate Director * / AVP / Head of £ 60000
Associate / AVP / Manager £ 90000
Qualified / Consultant / Analyst £ 145000
NET BONUS £

UK Wide

NET SALARY £ 57660
Director / SVP £ 80000
Associate Director * / VP / Head of £ 85000
Associate / AVP / Manager £ 50000
Qualified / Consultant / Analyst £ 40802
Graduate / Assistant / Junior £ 32500
NET BONUS £ 1200

UK Wide

NET SALARY £ 55351
Director / SVP £ 88000
Associate Director * / VP / Head of £ 55000
Associate / AVP / Manager £ 57903
Qualified / Consultant / Analyst £ 48000
Graduate / Assistant / Junior £ 27850
NET BONUS £ 11874

UK Wide

NET SALARY £ 53250
Director / SVP £ 85000
Associate Director * / VP / Head of £ 48500
Associate / AVP / Manager £ 57750
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 8275

UK Wide

NET SALARY £ 67000
Director / SVP £ 85000
Associate Director * / VP / Head of £ 48500
Associate / AVP / Manager £ 57750
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 6500

UK Wide

NET SALARY £ 77900
Director / SVP £ 127000
Associate Director * / VP / Head of £ 88000
Associate / AVP / Manager £ 82000
Qualified / Consultant / Analyst £ 67500
Graduate / Assistant / Junior £ 25000
NET BONUS £ 18700

UK Wide

NET SALARY £ 65988
Director / SVP £ 100000
Associate Director * / VP / Head of £ 65000
Associate / AVP / Manager £ 42250
Qualified / Consultant / Analyst £ 56700
NET BONUS £ 3175

UK Wide

NET SALARY £ 101438
Director / SVP £ 176000
Associate Director * / VP / Head of £ 110000
Associate / AVP / Manager £ 44750
Qualified / Consultant / Analyst £ 75000
NET BONUS £ 102500

UK Wide

NET SALARY £ 65784
Director / SVP £ 100000
Associate Director * / VP / Head of £ 60000
Associate / AVP / Manager £ 58135
Qualified / Consultant / Analyst £ 45000
NET BONUS £

UK Wide

NET SALARY £ 59460
Director / SVP £ 100000
Associate Director * / VP / Head of £ 73000
Associate / AVP / Manager £ 56000
Qualified / Consultant / Analyst £ 42000
Graduate / Assistant / Junior £ 26300
NET BONUS £ 15175

UK Wide

NET SALARY £ 65620
Director / SVP £ 100000
Associate Director * / VP / Head of £ 68100
Associate / AVP / Manager £ 85000
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 18600

UK Wide

NET SALARY £ 91000
Director / SVP £ 120000
Associate Director * / VP / Head of £ 105000
Associate / AVP / Manager £ 120000
Qualified / Consultant / Analyst £ 60000
Graduate / Assistant / Junior £ 50000
NET BONUS £ 38750

UK Wide

NET SALARY £ 54300
Director / SVP £ 80000
Associate Director * / VP / Head of £ 60000
Associate / AVP / Manager £ 53500
Qualified / Consultant / Analyst £ 43000
Graduate / Assistant / Junior £ 35000
NET BONUS £ 14063

UK Wide

NET SALARY £ 54899
Director / SVP £ 87500
Associate Director * / VP / Head of £ 60000
Associate / AVP / Manager £ 47500
Qualified / Consultant / Analyst £ 47743
Graduate / Assistant / Junior £ 31750
NET BONUS £ 15702

UK Wide

NET SALARY £ 68700
Director / SVP £ 120000
Associate Director * / VP / Head of £ 85000
Associate / AVP / Manager £ 73500
Qualified / Consultant / Analyst £ 35000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 33333

UK Wide

NET SALARY £ 83000
Director / SVP £ 121000
Associate Director * / VP / Head of £ 84500
Associate / AVP / Manager £ 69000
Qualified / Consultant / Analyst £ 57500
NET BONUS £ 20000

UK Wide

NET SALARY £
Qualified / Consultant / Analyst £ 50000
NET BONUS £

UK Wide

NET SALARY £ 54000
Director / SVP £ 100000
Associate Director * / VP / Head of £ 50500
Associate / AVP / Manageer £ 54500
Qualified / Consultant / Analyst £ 35000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 23375

UK Wide

NET SALARY £ 64100
Director / SVP £ 105000
Associate Director * / VP / Head of £ 79500
Associate / AVP / Manager £ 55000
Qualified / Consultant / Analyst £ 46000
Graduate / Assistant / Junior £ 35000
NET BONUS £ 10775

UK WIde

NET SALARY £ 637500
Director / SVP £ 120000
Associate Director * / VP / Head of £ 60748
Associate / AVP / Manager £ 63000
Qualified / Consultant / Analyst £ 50000
Graduate / Assistant / Junior £ 25000
NET BONUS £ 19625

UK Wide

NET SALARY £ 54600
Director / SVP £ 78000
Associate Director * / VP / Head of £ 65000
Associate / AVP / Manager £ 57000
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 28000
NET BONUS £ 6920

UK Wide

NET SALARY £ 38000
Associate / AVP / Manager £ 44000
Qualified / Consultant / Analyst £ 32000
NET BONUS £

UK Wide

NET SALARY £ 61167
Director / SVP £ 61000
Associate / AVP / Manager £ 65500
Qualified / Consultant / Analyst £ 57000
NET BONUS £

UK Wide

NET SALARY £ 58866
Director / SVP £ 91250
Associate Director * / VP / Head of £ 83750
Associate / AVP / Manager £ 49875
Qualified / Consultant / Analyst £ 41000
Graduate / Assistant / Junior £ 28456
NET BONUS £ 75000

UK Wide

NET SALARY £ 52400
Director / SVP £ 80000
Associate Director * / VP / Head of £ 67000
Associate / AVP / Manager £ 54000
Qualified / Consultant / Analyst £ 36000
Graduate / Assistant / Junior £ 25000
NET BONUS £ 6920

UK Wide

NET SALARY £ 65563
Director / SVP £ 100000
Associate Director * / VP / Head of £ 49250
Associate / AVP / Manager £ 73000
Graduate / Assistant / Junior £ 40000
NET BONUS £

UK Wide

NET SALARY £ 80167
Director / SVP £ 100000
Associate / AVP / Manager £ 50500
Qualified / Consultant / Analyst £ 90000
NET BONUS £ 100000

UK Wide

NET SALARY £ 51360
Director / SVP £ 71300
Associate Director * / VP / Head of £ 57500
Associate / AVP / Manager £ 55000
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 28000
NET BONUS £ 16313

UK Wide

NET SALARY £ 58294
Director / SVP £ 84750
Associate Director * / VP / Head of £ 70000
Associate / AVP / Manager £ 58719
Qualified / Consultant / Analyst £ 48000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 4320

UK Wide

NET SALARY £ 47257
Director / SVP £ 60750
Associate Director * / VP / Head of £ 65000
Associate / AVP / Manager £ 46500
Qualified / Consultant / Analyst £ 36533
Graduate / Assistant / Junior £ 27500
NET BONUS £ 5950

UK Wide

NET SALARY £ 51650
Director / SVP £ 74250
Associate Director * / VP / Head of £ 59000
Associate / AVP / Manager £ 55000
Qualified / Consultant / Analyst £ 45000
Graduate / Assistant / Junior £ 25000
NET BONUS £ 9313

UK Wide

NET SALARY £ 63000
Director / SVP £ 100000
Associate Director * / VP / Head of £ 70000
Associate / AVP / Manager £ 65500
Qualified / Consultant / Analyst £ 49500
Graduate / Assistant / Junior £ 30000
NET BONUS £ 7850

UK Wide

NET SALARY £ 71010
Director / SVP £ 99000
Associate Director * / VP / Head of £ 80000
Associate / AVP / Manager £ 75000
Qualified / Consultant / Analyst £ 60050
Graduate / Assistant / Junior £ 41000
NET BONUS £ 6895

UK Wide

NET SALARY £ 73100
Director / SVP £ 120000
Associate Director * / VP / Head of £ 75000
Associate / AVP / Manager £ 72000
Qualified / Consultant / Analyst £ 60000
Graduate / Assistant / Junior £ 38500
NET BONUS £ 13544

UK Wide

NET SALARY £ 74638
Director / SVP £ 95000
Associate Director * / VP / Head of £ 112000
Associate / AVP / Manager £ 57950
Qualified / Consultant / Analyst £ 33600
NET BONUS £ 10975

UK Wide

NET SALARY £ 51800
Director / SVP £ 85000
Associate Director * / VP / Head of £ 50000
Associate / AVP / Manager £ 52000
Qualified / Consultant / Analyst £ 42000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 6250

UK Wide

NET SALARY £ 81160
Director / SVP £ 129500
Associate Director * / VP / Head of £ 107500
Associate / AVP / Manager £ 74500
Qualified / Consultant / Analyst £ 61000
Graduate / Assistant / Junior £ 33300
NET BONUS £ 8613

UK Wide

NET SALARY £ 66800
Director / SVP £ 120000
Associate Director * / VP / Head of £ 75000
Associate / AVP / Manager £ 59000
Qualified / Consultant / Analyst £ 55000
Graduate / Assistant / Junior £ 25000
NET BONUS £ 5563

UK Wide

NET SALARY £ 62600
Director / SVP £ 110000
Associate Director * / VP / Head of £ 86000
Associate / AVP / Manager £ 62000
Qualified / Consultant / Analyst £ 25000
Graduate / Assistant / Junior £ 30000
NET BONUS £ 10000

UK Wide

NET SALARY £ 41500
Director / SVP £ 60000
Associate Director * / VP / Head of £ 45000
Associate / AVP / Manager £ 40000
Qualified / Consultant / Analyst £ 35000
Graduate / Assistant / Junior £ 27500
NET BONUS £ 33000

UK Wide

NET SALARY £ 61800
Director / SVP £ 130000
Associate Director * / VP / Head of £ 60000
Associate / AVP / Manager £ 55000
Qualified / Consultant / Analyst £ 35000
Graduate / Assistant / Junior £ 29000
NET BONUS £ 13250

UK Wide

NET SALARY £ 50940
Director / SVP £ 100000
Associate Director * / VP / Head of £ 47500
Associate / AVP / Manager £ 37200
Qualified / Consultant / Analyst £ 35000
Graduate / Assistant / Junior £ 35000
NET BONUS £ 42750

UK Wide

NET SALARY £ 54280
Director / SVP £ 110000
Associate Director * / VP / Head of £ 40000
Associate / AVP / Manager £ 50400
Qualified / Consultant / Analyst £ 36000
Graduate / Assistant / Junior £ 35000
NET BONUS £ 5900

This data is based on the information provided by the survey response.

Hiring managers and businesses can receive in-depth salary and bonus bench-marking data – based on recent placements made and up to the minute market trends – for specific job professions by requesting a bespoke report.

Find out more

Reason for base salary change

Annual pay reviews and promotions remain the main reasons for receiving a pay rise.

Average change in salary, by reason

Those who gained the biggest salary uplift were from professionals who saw a change in their working hours or had structural changes made by their employer

Simon Crabb Managing Director - UK

With 70% of the UK real estate sector receiving a pay rise in 2022-23 you can’t describe the market as anything other than competitive. The UK has witnessed record salary inflation since mid 2020. But can it continue?  The underlying trends seem to suggest a modest cooling but consistently high demand in all regions of the UK.

Average annual base salaries and bonus, by employer main activity and asset class

Median base salary, by UK region and change from 2022

All areas of the UK saw a rise in annual base salary with an uplift.

Average annual base salary and bonus, by seniority

Median base salary, by demographic and change from 2020-21

Females and those from a Black-ethnic background continue to fall behind their counterparts with base salary, along with a lower rate of uplift, widening the pay gap.

Average salary by profession, by gender and ethnicity

(*Insufficient data for pay by ethnicity)

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