Gender pay gap widens as property pay rises

Salaries for UK property professionals remained robust in 2017, according to the latest survey by RICS and Macdonald & Company, but the gender pay gap has increased from last year.  The key findings were: • Male property professionals earn on average £11000 more than female counterparts (£7000 in 2016) • Sector salary pay rises up 7.2% overall- above UK wage inflation* • Average salaries down, but largely explained by changing demographics of the survey Male property professionals earn, on average, £11,113 more than their female colleagues (£54,931 versus £43,818). The gap is evident across the majority of age groups and is greatest for those aged between 46-55, where the difference in average salary is 25.7%.  Encouragingly, the gender pay gap is now less evident in those starting out in property with females earning slightly more than males – which is a turnaround from last year where the pay gap was most evident in 18-22 year olds. The survey is also still indicating the attraction of property as a career.  Of those who received a pay rise in 2017 in the industry the average increase was 7.7% (up from 7.1% in 2016).  This is far above UK wage inflation which sits at 2.7%*.  Considering the…