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| UK estate agents see bumper pay rises as property booms | UK estate agents see bumper pay rises as property booms |
| (about 1 hour later) | |
| Britain's estate agents, so often maligned by the house-buying public, are enjoying another year of bumper pay rises, research suggests. | Britain's estate agents, so often maligned by the house-buying public, are enjoying another year of bumper pay rises, research suggests. |
| On average, they have received increases of 7.2% over the past year, according to the Royal Institution of Chartered Surveyors (Rics). | On average, they have received increases of 7.2% over the past year, according to the Royal Institution of Chartered Surveyors (Rics). |
| That figure exactly matches the rise in house price in 2016, as measured by the Office for National Statistics (ONS). | That figure exactly matches the rise in house price in 2016, as measured by the Office for National Statistics (ONS). |
| In the previous year estate agents received average rises of 6.5%. | In the previous year estate agents received average rises of 6.5%. |
| Earlier this week, ONS figures showed that on average UK wages in the three months to December grew by 2.6%, when compared with the previous year. | Earlier this week, ONS figures showed that on average UK wages in the three months to December grew by 2.6%, when compared with the previous year. |
| Most agents charge sellers a percentage of the sale price, so fees tend to rise in line with house prices. | Most agents charge sellers a percentage of the sale price, so fees tend to rise in line with house prices. |
| The survey, conducted by Rics and the recruitment firm Macdonald and Company, showed that the average salary of an estate agent is £52,362. | The survey, conducted by Rics and the recruitment firm Macdonald and Company, showed that the average salary of an estate agent is £52,362. |
| In London the average salary is £61,141. | In London the average salary is £61,141. |
| The survey of over 8,000 Rics members also revealed a large gender pay gap among estate agents. | |
| On average, male agents earn more than £11,000 a year more than females, a fact that Rics described as "disheartening". | On average, male agents earn more than £11,000 a year more than females, a fact that Rics described as "disheartening". |