Estate agent salaries rise 8% as industry jobs decline
Original Article Summary
Estate agent salaries increased by 8% to an average of £27,000 in 2024-25, according to ONS data analysis. The property industry experienced a 2.6% decline in job numbers during the same period, as minimum wage increases prompt agencies to favour experienced staff over junior hires. The post Estate agent salaries rise 8% as industry jobs decline appeared first on PropertyWire.
PropMatch Curated Analysis
Estate agent salaries rose 8% to £27,000 average while sector jobs fell 2.6%, indicating consolidation that may lead to higher service costs and fewer junior staff due to minimum wage increases.
Investor Relevance
Higher estate agent costs and reduced availability of junior staff could increase transaction costs and service delays, while sector consolidation may reduce competition and choice of agents for buying, selling, and letting properties.
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