Estate agents see salaries jump 8%, new data shows
The average salary for an estate agent is now £27,000, according to analysis of ONS statistics by the Daily Telegraph.
Salaries for estate agents have jumped 8% with the average salary now standing at £27,000, according to a national study comparing professions.
But the number of jobs in the property industry shrank 2.6% over the same period, 2024-25.
Biggest rises
Doctors and train drivers are among the jobs with the biggest pay rises, of 20-30%, a Daily Telegraph analysis of Office for National Statistics (ONS) data shows.
While the construction sector has seen some of the worst job losses, with numbers of roofers and building technicians falling more than 40%.
More attractive
Last year, property recruitment firm Deverell Smith said basic salaries for estate agents, negotiators and senior negotiator positions had increased to £24,000-£30,000, up from £18,000, making those roles considerably more attractive to industry newcomers.
However, there were warnings that estate agency firms would hire fewer junior staff following another increase in the minimum wage announced at the time of the Budget in November.
Experienced staff
Josh Rayner, Founder of Rayner Personnel, and Anthony Hesse, MD at Property Personnel, both told The Neg property businesses will go for more experienced staff if career starters cost more.
The Government announced the minimum wage would rise 4.1% from April for over 21s to £12.71 an hour. And staff aged between18-20 will see an 8.5% rise to £10.85 an hour.
For 16 to 17-year-olds, and those on apprenticeships, there is a 6% increase, bringing the minimum wage up to £8 an hour.
As this is just a few pounds above the minimum wage, I am not sure how this is news?
If the average salary of £27,000, from April, this will be c.£500 above National Minimum Wage for a 40 hour week. It rather suggests that the NMW has driven the increases in basic pay rather any other factor. The fall in overall numbers employed confirms the pressure that employers are now under to manage their operating costs.
And look at the headlines today. Unemployment for youngsters is up to 16.1% for those between 16-24 years old. Minimum wage level is making inexperienced staff too expensive. Slightly older staff will happily work longer hours and more days to cover the branches and earn more. Less stress for employers and more productivity. Labour ministers have never run a business so just don’t get it.