RICS: average UK property salary decreased

The average UK property salary decreased to £48,329 from £50,250 in 2011, due to an increase in junior respondents, according to the results of annual Royal Institution of Chartered Surveyors(RICS) and Macdonald & Company Rewards and Attitudes Survey.
The annual RICS and Macdonald & Company Rewards and Attitudes Survey, now in its 13th year, is the most comprehensive survey undertaken for the property sector.
A total of 9819 surveying professionals in the UK completed the online survey in December 2011 and January 2012, an increase of 17.6% on the previous year.
As well as statistics on current salaries, recent salary increases, bonuses and employment benefits, the results give insight into wider issues that are important to professionals in their roles and attitudes toward employment.
Some of the key findings are:
The average UK property salary decreased to £48,329 from £50,250 in 2011, due to an increase in junior respondents, however RICS member have seen a slight salary increase.
RICS members earn between £5460 (AssocRICS) and £22,367 (FRICS) more than an unqualified member of the property industry.
Confidence in economic recovery in the next 12 months is low, but 54% of respondents believe the market will remain unchanged for the next 12 months. There is clear evidence that the development cycle has restarted. Planners, developers, retail and office agents are all receiving above-average increases.
Factors such as job security, training and the range of work are becoming more important than just salary and bonus. The importance of job security has risen by 22% since 2007.
38% of respondents (versus 37% in 2011) received a base salary increase and secured, on average, an increase of 7.1% (up from 6.2% in 2011). Whilst 7% (versus 9% in 2011) had a base salary reduction averaging a 20.4% reduction (compared to 17.6% in 2011).
Business vision, potential, company values and ethics all rank higher than reward in making a company an employer of choice, with 74% (an increase of 2%) of people stating they work for an employer of choice.