Average Real Estate Assistant Salary in Gibraltar for 2024

In this article, we will look at the average Real Estate Assistant salary for 2024 in Gibraltar and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Gibraltar pound. To keep things simple, we are using the GIP currency code instead of the currency symbol £.

How Much Does a Real Estate Assistant Make in Gibraltar?

A Real Estate Assistant working in Gibraltar will typically earn around 30,000 GIP per year, and this can range from the lowest average salary of about 16,800 GIP to the highest average salary of 48,200 GIP.

Average Annual Salary
30,000 GIP
Average Monthly Salary
2,500 GIP

Lowest Annual Salary
16,800 GIP
Lowest Monthly Salary
1,400 GIP

Highest Annual Salary
48,200 GIP
Highest Monthly Salary
4,016 GIP

These are average salaries for a Real Estate Assistant in Gibraltar and include benefits such as housing and transport. It's also possible for a Real Estate Assistant to earn more or less than the average salaries shown above.

Real Estate Assistant salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Real Estate Assistant Salaries in Gibraltar

So we've looked at the average salaries a Real Estate Assistant will earn in Gibraltar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Real Estate Assistant can earn between 16,800 GIP and 48,200 GIP on average in Gibraltar. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Real Estate Assistant in Gibraltar is 27,400 GIP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,400 GIP, and 50% of the population earn more than 27,400 GIP.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Real Estate Assistant salary in Gibraltar, 25% of the population are earning less than 21,100 GIP while 75% of the population earn more than 21,100 GIP.

75% of the population earn less than 35,500 GIP, and 25% of the population earn more than 35,500 GIP.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Real Estate Assistant Salary by Experience Level in Gibraltar

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average real estate assistant salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Real Estate Assistant in Gibraltar that has less than two years of experience can expect to earn somewhere in the region of 20,300 GIP.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate Assistant salary would increase to 23,800 GIP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate Assistant, the average salary would be 32,300 GIP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 39,400 GIP.
  • 15 - 20 Years Experience. A Real Estate Assistant with 15 to 20 years of experience can earn an average of 40,600 GIP.
  • 20+ Years Experience. For a Real Estate Assistant with more than 20 years, the expected average salary increases to 45,600 GIP.

Average Salary by Experience Chart

0-2 Years
20,300 GIP
2-5 Years +23%
23,800 GIP
5-10 Years +42%
32,300 GIP
10-15 Years +17%
39,400 GIP
15-20 Years +10%
40,600 GIP
20+ Years +6%
45,600 GIP

Real Estate Assistant Salary by Education Level in Gibraltar

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Real Estate Assistant in Gibraltar based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Real Estate Assistant in Gibraltar with a high school education can earn an average salary of 23,800 GIP.

  • Certificate or Diploma. A Real Estate Assistant in Gibraltar with a certificate or diploma education can earn an average salary of 30,300 GIP.

  • Bachelor's Degree. A Real Estate Assistant in Gibraltar with a bachelor's degree education can earn an average salary of 43,800 GIP.

Average Salary by Education Chart

High School
23,800 GIP
Certificate or Diploma +40%
30,300 GIP
Bachelor's Degree +42%
43,800 GIP

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Gibraltar is around 16,900 to 50,700 GIP and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Real Estate Assistant Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Gibraltar, a male real estate assistant will earn an average of 30,700 GIP, while a female real estate assistant will earn around 27,200 GIP.

This means that a male real estate assistant earns approximately 13% more than a female real estate assistant for performing the same job.

Average Salary by Gender Chart in Gibraltar

Male
30,700 GIP
Female -13%
27,200 GIP

Real Estate Assistant Average Pay Raise in Gibraltar

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Real Estate Assistant in Gibraltar is around 6% every 29 months.

The national average pay raise across all professions and industries in Gibraltar is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Real Estate Assistant in Gibraltar can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Gibraltar for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Gibraltar.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Real Estate Assistant Bonus and Incentive Rates in Gibraltar

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Real Estate Assistant is a low bonus based job, with 34% of employees reporting at least one bonus in the last 12 months.

66% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
34%
No Bonus
66%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Gibraltar earn approximately 24% more than private sector employees in the same role.

Public Sector
43,400 GIP
Private Sector -24%
35,000 GIP

Salaries for Jobs Similar to a Real Estate Assistant

In the table below, we have salary information for jobs that are similar to a Real Estate Assistant in Gibraltar.

Job Title Category Salary
Acquisition Associate Real Estate 30,800 GIP
Assistant Leasing Manager Real Estate 41,000 GIP
Assistant Property Manager Real Estate 44,300 GIP
Brokerage Real Estate 33,600 GIP
Brokerage Clerk Real Estate 17,500 GIP
Commercial Leasing Manager Real Estate 67,400 GIP
Commercial Real Estate Manager Real Estate 68,500 GIP
Community Development Manager Real Estate 58,000 GIP
Compliance Specialist Real Estate 30,700 GIP
Development Coordinator Real Estate 33,600 GIP
Director of Real Estate Real Estate 75,900 GIP
Lease Administrator Real Estate 40,300 GIP
Leasing Agent Real Estate 33,000 GIP
Leasing Consultant Real Estate 41,100 GIP
Leasing Manager Real Estate 45,600 GIP
Lettings Assistant Real Estate 16,900 GIP
Portfolio Analyst Real Estate 58,700 GIP
Portfolio Manager Real Estate 78,500 GIP
Property Acquisition Agent Real Estate 29,900 GIP
Property and Claims Specialist Real Estate 37,800 GIP
Property Manager Real Estate 51,300 GIP
Property Operations Manager Real Estate 72,800 GIP
Property Tax Assistant Real Estate 35,300 GIP
Real Estate Administrator Real Estate 36,500 GIP
Real Estate Agent Real Estate 31,700 GIP
Real Estate Analyst Real Estate 42,300 GIP
Real Estate Appraiser Real Estate 33,300 GIP
Real Estate Appraiser Real Estate 35,000 GIP
Real Estate Appraiser Real Estate 36,400 GIP
Real Estate Association Manager Real Estate 45,400 GIP
Real Estate Broker Real Estate 32,900 GIP
Real Estate General Manager Real Estate 70,100 GIP
Real Estate Project Director Real Estate 61,400 GIP
Real Estate Project Manager Real Estate 55,500 GIP
Real Estate Sales Agent Real Estate 35,300 GIP
Real Estate Valuer Real Estate 35,600 GIP
Research Analyst Real Estate 30,800 GIP
Residential Advisor Real Estate 39,400 GIP
Residential Property Manager Real Estate 49,400 GIP
Shopping Center Manager Real Estate 68,800 GIP
Town Planner Real Estate 70,700 GIP

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