Property Management is a large sector of the UK's overall estate agency industry. Employees within the sector, many of whom find their jobs through recruitment agencies, provide a number of services to ensure the correct use, care and operation of residential property. These services are very diverse and include lettings management, the care of serviced apartments and development management.
The majority of people employed in the UK's property management sector - around 15 % - earn between £20,000 and £25,000 per annum. However, there are some fairly dramatic regional variations. The lowest regional property management salaries are paid in the North East where the average figure currently stands at just £13,700. The Welsh average stands at £14,800 while the average property management salary in the Wales/England border regions is £17,500.
As is the case in many employment sectors, the highest salaries are paid in the London region. London itself offers average property management salaries of around £33,000 while the average figure for the Home Counties is £35,000.
However, no more than 30 per cent of all property management staff positions in the UK command this level of salary. Almost 15% pay between £15,000 and £20,000. Just two per cent of all UK property managers are paid £45,000 or more.