Qualified chartered surveyors across Europe earn between 8% and 35% more than non-chartered property professionals, according to a survey presented on the opening day of EXPO REAL conference in Munich. The survey, by the royal institution of chartered surveyors (RICS) and Macdonald & Company, reveals a significant salary gap between RICS members and their non-qualified counterparts.
Qualified chartered surveyors across Europe earn between 8% and 35% more than non-chartered property professionals, according to a survey presented on the opening day of EXPO REAL conference in Munich. The survey, by the royal institution of chartered surveyors (RICS) and Macdonald & Company, reveals a significant salary gap between RICS members and their non-qualified counterparts.
In total, 911 surveyors from across Europe participated in the survey. French chartered surveyors apparently receive the highest salaries, followed by their peers in Scandinavia, Germany, Austria and Switzerland, with property professionals in Southern Europe earning the least. The residential property sector offered the highest average earnings, just ahead of those working in fund management and property finance.
At the start of their careers, chartered surveyors aged 26 to 30 can expect to earn EUR 59,200 per year on average, while non-qualified property professionals earn an average of EUR 44,900. Respondents in Central and Eastern Europe reported the highest salary increases compared with last year, followed by the Nordic countries, with rises of 13.5% and 10.9% respectively. Those working in the commercial and investment sectors benefitted from the biggest increases.