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What does a Property Manager earn?
Property managers earn an average salary of around £28,300 per year in the United Kingdom. They oversee the running and maintenance of residential and commercial properties, ranging from single-family homes to entire apartment blocks. Property managers provide day-to-day tenant services, complete essential paperwork, and respond to property-related queries. They also feature heavily in acquisitions and disposals, as well as rentals and lease negotiations.
How to earn more as a Property Manager
To become a property manager, you'll need a relevant qualification, such as a qualification in residential management or an estate agency. Alternatively, you could opt for an apprenticeship route. To increase your salary as a property manager, you might move into a specialised area such as commercial letting, or become a manager in an estate agency. Alternatively, you could go self-employed and set up your own property management business. The highest paid property managers can make amounts in excess of £37,400 yearly.
Min: £22,000.00 Max: £37,440.00
Average Property Manager Salary in UK : £28,281.66
Read about Property Manager salaries, related jobs and salary information across the UK
Property Manager Salary data from the ONS
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Median
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Recommended Property Manager Jobs in UK
Salary by Region
Compare Property Manager salaries across different regions
| Region | Salary |
|---|---|
| Scotland | £26,704.06 |
| Wales | £24,365.00 |
| East Midlands | £24,875.49 |
| Eastern | £28,328.33 |
| London | £32,543.00 |
| North East | £25,610.40 |
| North West | £25,854.69 |
| South East | £28,997.34 |
| South West | £26,641.11 |
| West Midlands | £25,802.49 |
| Yorkshire and the Humber | £24,571.85 |
Understanding the Average Property Manager Salary in the UK
As a Property Manager in the UK, it's important to have a clear understanding of the average salary in the industry. According to average Facilities Management salaries, the average salary for a Property Manager in the UK is £28,300 per year. This figure can vary depending on factors such as location, experience, and the size of the property portfolio you manage.
Salary Expectations for Newly Qualified Property Manager
If you're a newly qualified Property Manager, you may be wondering what salary you can expect. To get an idea of the current market rates, it's recommended to explore the latest job listings on a reputable job search website. This will give you an insight into the salary range for entry-level positions in the field.
Salaries for Experienced Property Manager
For experienced Property Managers in the UK, the salary range tends to be higher. With a proven track record and a wealth of industry knowledge, you can expect to earn a competitive salary. The exact figures will depend on various factors, including your level of experience, the size and complexity of the properties you manage, and the location of your work.
Creating a Property Manager CV
When applying for a Property Manager position, having a well-crafted CV is essential. It should highlight your relevant skills, experience, and qualifications. To make the process easier, you can use a professionally designed CV template specifically tailored for Property Managers. This will ensure that your CV stands out from the competition and showcases your strengths effectively.
Career Development Opportunities for Property Manager
As a Property Manager, there are numerous career development opportunities available to you. Whether you want to specialize in a specific type of property management or progress into a senior management role, it's important to stay updated with the latest industry trends and advancements. You can find valuable career advice to help you navigate your professional growth and maximize your earning potential.
Comprehensive Compensation for Property Manager
Aside from the base salary, Property Managers in the UK may also receive additional compensation and benefits. These can include performance bonuses, commission on property sales or rentals, pension schemes, healthcare coverage, and more. It's important to consider the comprehensive compensation package when evaluating the overall financial rewards of a Property Manager role.
Strategies for Increasing Your Salary as a Property Manager
If you're looking to increase your salary as a Property Manager, there are several strategies you can employ. These include continuously improving your skills and knowledge through professional development courses, taking on additional responsibilities or managing larger property portfolios, and demonstrating exceptional performance and results. By consistently adding value to your role, you can negotiate for higher remuneration.
Professional Development and Earnings
Investing in your professional development as a Property Manager can have a direct impact on your earnings. By staying updated with industry trends, obtaining relevant certifications, and expanding your network, you can position yourself as a highly sought-after professional. This can lead to better job opportunities and higher earning potential in the long run.
Capitalising on Extra Hours and Duties
As a Property Manager, there may be opportunities to earn additional income by taking on extra hours or duties. This can include overseeing renovation projects, managing property maintenance contracts, or providing consultancy services. By leveraging your expertise and going above and beyond your core responsibilities, you can increase your earning potential and enhance your professional reputation.