Property job vacancies up by a third says leading recruiter

But Josh Rayner at Rayner Personnel says many professionals are reporting a fall in their commission and bonus payments.

Josh Rayner - Rayner Personnel property jobs

The property industry has seen a 30% increase in job vacancies during the first six months of this year, according to a leading recruiter.

Rayner Personnel says H1 this year has shown that advertised posts within the property industry are up significantly on the same time last year, based on Office for National Statistics data.

Among the reasons for jump in advertised jobs, CEO Josh Rayner (main pic) says, are increased demand for stock and market share, resulting in the need for strong listers and valuers. Also, an increase in sales progression to 110 days on average has resulted in greater demand for sales progressors.

Top-earning

The top-earning professions in the sector, according to Rayner’s H1 Salary Guide, are lettings agents, followed by branch managers, mortgage advisers and sales agents. Rayner says competition for talent remains extremely high.

Salary figures for the 10 most advertised property jobs reveal that outside London the average is between £29,000-£33,000, and inside the capital it is just under £40,000.

But half of property professionals have reported a decrease in their commission or bonus earnings this year, according to Rayner.

Competitive pay

Rayner says: “The midpoint of 2024 offers both opportunities and challenges for estate and lettings agencies.

“By understanding the trends and balancing cost management with competitive pay, your agency will be well-positioned for success in the latter half of the year.”


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