Now in its eighteenth year, the annual RICS and Macdonald & Company Rewards & Attitudes Survey is the most comprehensive survey undertaken for the property sector in the UK. The 2017 Survey shows that 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 46–55, where the difference in average salary is 25.7 per cent.
Encouragingly, the gender pay gap is now less evident in those starting out in property with females earning slightly more than males, a turnaround from last year where the pay gap was most evident in 18–22 year olds.
Sarah Spiers RICS Director, UK Communications and External Affairs, said that while it is encouraging that those entering the sector are now seeing pay equality, the fact that the pay gap has widened overall is disheartening. The industry has started to take action, but must maintain this momentum to create a more balanced workforce that attracts the best talent if it wants to remain competitive.
You can read the full survey here.