Average Real Estate General Manager Salary in United Kingdom for 2024

In this article, we will look at the average Real Estate General Manager salary for 2024 in United Kingdom 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 British pound. To keep things simple, we are using the GBP currency code instead of the currency symbol £.

How Much Does a Real Estate General Manager Make in United Kingdom?

A Real Estate General Manager working in United Kingdom will typically earn around 121,800 GBP per year, and this can range from the lowest average salary of about 61,400 GBP to the highest average salary of 184,700 GBP.

Average Annual Salary
121,800 GBP
Average Monthly Salary
10,150 GBP

Lowest Annual Salary
61,400 GBP
Lowest Monthly Salary
5,116 GBP

Highest Annual Salary
184,700 GBP
Highest Monthly Salary
15,391 GBP

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

Real Estate General Manager 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 General Manager Salaries in United Kingdom

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

Salary ranges

We already know that a Real Estate General Manager can earn between 61,400 GBP and 184,700 GBP on average in United Kingdom. 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 General Manager in United Kingdom is 114,300 GBP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 114,300 GBP, and 50% of the population earn more than 114,300 GBP.

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 General Manager salary in United Kingdom, 25% of the population are earning less than 80,400 GBP while 75% of the population earn more than 80,400 GBP.

75% of the population earn less than 146,700 GBP, and 25% of the population earn more than 146,700 GBP.

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 General Manager Salary by Experience Level in United Kingdom

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 general manager 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 General Manager in United Kingdom that has less than two years of experience can expect to earn somewhere in the region of 72,800 GBP.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate General Manager salary would increase to 97,200 GBP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate General Manager, the average salary would be 123,800 GBP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 151,800 GBP.
  • 15 - 20 Years Experience. A Real Estate General Manager with 15 to 20 years of experience can earn an average of 163,800 GBP.
  • 20+ Years Experience. For a Real Estate General Manager with more than 20 years, the expected average salary increases to 172,100 GBP.

Average Salary by Experience Chart

0-2 Years
72,800 GBP
2-5 Years +34%
97,200 GBP
5-10 Years +30%
123,800 GBP
10-15 Years +21%
151,800 GBP
15-20 Years +9%
163,800 GBP
20+ Years +5%
172,100 GBP

Real Estate General Manager Salary by Education Level in United Kingdom

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 General Manager in United Kingdom 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 General Manager in United Kingdom with a high school education can earn an average salary of 87,700 GBP.

  • Certificate or Diploma. A Real Estate General Manager in United Kingdom with a certificate or diploma education can earn an average salary of 98,700 GBP.

  • Bachelor's Degree. A Real Estate General Manager in United Kingdom with a bachelor's degree education can earn an average salary of 140,700 GBP.

  • Master's Degree. A Real Estate General Manager in United Kingdom with a master's degree education can earn an average salary of 167,100 GBP.

Average Salary by Education Chart

High School
87,700 GBP
Certificate or Diploma +14%
98,700 GBP
Bachelor's Degree +41%
140,700 GBP
Master's Degree +21%
167,100 GBP

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 United Kingdom is around 29,600 to 88,700 GBP 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 General Manager 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 United Kingdom, a male real estate general manager will earn an average of 125,400 GBP, while a female real estate general manager will earn around 117,100 GBP.

This means that a male real estate general manager earns approximately 7% more than a female real estate general manager for performing the same job.

Average Salary by Gender Chart in United Kingdom

Male
125,400 GBP
Female -7%
117,100 GBP

Real Estate General Manager Average Pay Raise in United Kingdom

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 General Manager in United Kingdom is around 13% every 17 months.

The national average pay raise across all professions and industries in United Kingdom is around 9% every 15 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 = ( 13 ÷ 17 ) × 12  = 9%

What this means is that a Real Estate General Manager in United Kingdom can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in United Kingdom for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Real Estate General Manager Bonus and Incentive Rates in United Kingdom

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 General Manager is a high bonus based job, with 82% of employees reporting at least one bonus in the last 12 months.

18% 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 6% to 8%.

Received Bonus
82%
No Bonus
18%

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 United Kingdom earn approximately 7% more than private sector employees in the same role.

Public Sector
72,700 GBP
Private Sector -7%
68,200 GBP

Salaries for Jobs Similar to a Real Estate General Manager

In the table below, we have salary information for jobs that are similar to a Real Estate General Manager in United Kingdom.

Job Title Category Salary
Acquisition Associate Real Estate 57,800 GBP
Assistant Leasing Manager Real Estate 78,200 GBP
Assistant Property Manager Real Estate 80,500 GBP
Brokerage Real Estate 58,600 GBP
Brokerage Clerk Real Estate 30,600 GBP
Commercial Leasing Manager Real Estate 119,700 GBP
Commercial Real Estate Manager Real Estate 130,500 GBP
Community Development Manager Real Estate 117,100 GBP
Compliance Specialist Real Estate 57,800 GBP
Development Coordinator Real Estate 59,000 GBP
Director of Real Estate Real Estate 141,000 GBP
Lease Administrator Real Estate 72,700 GBP
Leasing Agent Real Estate 62,500 GBP
Leasing Consultant Real Estate 74,100 GBP
Leasing Manager Real Estate 80,800 GBP
Lettings Assistant Real Estate 31,200 GBP
Portfolio Analyst Real Estate 98,700 GBP
Portfolio Manager Real Estate 139,100 GBP
Property Acquisition Agent Real Estate 55,200 GBP
Property and Claims Specialist Real Estate 75,400 GBP
Property Manager Real Estate 84,300 GBP
Property Operations Manager Real Estate 128,400 GBP
Property Tax Assistant Real Estate 58,600 GBP
Real Estate Administrator Real Estate 63,800 GBP
Real Estate Agent Real Estate 63,200 GBP
Real Estate Analyst Real Estate 81,200 GBP
Real Estate Appraiser Real Estate 64,900 GBP
Real Estate Appraiser Real Estate 67,000 GBP
Real Estate Appraiser Real Estate 67,400 GBP
Real Estate Assistant Real Estate 58,800 GBP
Real Estate Association Manager Real Estate 79,600 GBP
Real Estate Broker Real Estate 61,400 GBP
Real Estate Project Director Real Estate 118,900 GBP
Real Estate Project Manager Real Estate 107,300 GBP
Real Estate Sales Agent Real Estate 61,700 GBP
Real Estate Valuer Real Estate 67,300 GBP
Research Analyst Real Estate 54,500 GBP
Residential Advisor Real Estate 74,500 GBP
Residential Property Manager Real Estate 83,800 GBP
Shopping Center Manager Real Estate 127,700 GBP
Town Planner Real Estate 125,400 GBP

Salary Comparison by City

If you want to compare salaries with different cities in United Kingdom, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Aberdeen 128,200 GBP
Abingdon 109,000 GBP
Armagh 121,800 GBP
Bangor 111,700 GBP
Belfast 130,500 GBP
Birmingham 142,100 GBP
Bradford 134,700 GBP
Brighton 130,400 GBP
Bristol 140,200 GBP
Cambridge 124,500 GBP
Canterbury 114,300 GBP
Cardiff 139,100 GBP
Chester 121,800 GBP
Coventry 142,100 GBP
Derby 123,800 GBP
Derry 115,600 GBP
Dundee 125,400 GBP
Durham 111,700 GBP
Edinburgh 140,700 GBP
Exeter 117,100 GBP
Glasgow 142,300 GBP
Gloucester 115,600 GBP
Hartlepool 114,300 GBP
Inverness 114,300 GBP
Kingston upon Hull 132,000 GBP
Kirkwall 114,600 GBP
Leeds 142,100 GBP
Leicester 138,700 GBP
Lincoln 123,800 GBP
Lisburn 114,900 GBP
Liverpool 142,300 GBP
London 148,300 GBP
Manchester 142,300 GBP
Newcastle 140,700 GBP
Newport 127,700 GBP
Newry 118,900 GBP
Norwich 114,300 GBP
Nottingham 130,500 GBP
Oxford 123,000 GBP
Peterborough 125,400 GBP
Plymouth 130,500 GBP
Poole 123,000 GBP
Portsmouth 127,600 GBP
Ripon 112,700 GBP
Salisbury 114,300 GBP
Sheffield 142,300 GBP
Somerset 134,700 GBP
Southampton 134,100 GBP
St Davids 111,700 GBP
Stirling 123,000 GBP
Stromness 114,600 GBP
Strontian 103,600 GBP
Swansea 134,100 GBP
Truro 114,300 GBP
Wakefield 111,700 GBP
Wells 105,800 GBP
Winchester 108,200 GBP
Wolverhampton 128,200 GBP
York 125,400 GBP

Salary Comparison by State

The table below includes links to the average salary for each state in United Kingdom.

City Average Salary
England 231,400 GBP
Northern Ireland 114,600 GBP
Scotland 172,300 GBP
Wales 116,400 GBP

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