07
Change to Salary last year: Main Activity
T
h
e

What change if any was made to your annual base salary at your last pay review?
2
0
0
Of those respondents who reported a salary increase (only 24% across the survey, versus 61% last two years), a
9
/
1
higher percentage of total respondents working in Residential Development (33%) received some kind of salary 0

increase followed by Property Asset Management (29%) and Property Finance/Fund Management (29%).
E
u
r
o
p
e
a
n

= 
 ?
P
r
o
p
e
Total (1195) 42% 24% 14% 20%
r
t
y

M
Residential Development (40)
a
50% 33% 8% 10% r
k
= Unchanged
e
t

R
T
S
Property Asset Management (87)
48% 29% 10% 12%
 Increase e
A
N
m
D
N Property Finance/Fund
u
43% 29% 10% 18%

Decrease
n
Management (164) e
r
E
S
P
O
?
N

ot Answered
a
Constructions / QS / BS /
t
i
F

R
44% 23% 19% 14% o
n

O
Project Management (167)

S
E
R
u
B
Commercial Development (62) 50% 23% 16% 11% r
M
v
U
e
N
y
Valuation (166) 37% 22% 19% 22%
Property Research / Analysis (18)
72% 17% 11% 0%
Investment & Brokerage (77) 45% 14% 27% 13%

Average Salary Increase pa: By prime professional activity
In terms of the average percentage salary increase, those working in Valuation (12.8%), Residential
Development (11.9%) and Construction, Quantity Surveying, Building Surveying, Project Management (11.6%)
secured the highest average salary increase. However, based on the real industry change (RIC)
salaries across the European property sector dropped on average by 2.8%.
% Increase only Change RIC*
Average Salary increase pa 2007 2008 2009 09v08 09v08
% of Participants Securing Pay Increase 61.0% 61.0% 24.0%
All participants 8.5% 7.1% 11.2% 4.1% -2.8%
Valuation 9.7% 8.7% 12.8% 4.1% -3.8%
Residential Development 16.9% 4.6% 11.9% 7.3% 7.2%
Construction/QS/BS/Project Management 7.2% 6.8% 11.6% 4.8% -6.8%
Property Asset Management 6.7% 6.4% 10.6% 4.2% -0.6%
Investment & Brokerage 9.0% 7.1% 9.6% 2.5% -16.4%
Property Finance (incl Fund Management) 8.5% 7.4% 7.9% 0.5% -0.8%
Commercial Development 8.7% 7.2% 6.2% -1.0% -4.1%
Property Research/Analysis 6.4% 9.2% 3.7% -5.5% -11.8%
Base: All giving an answer: 2007 = 911; 2008 = 805; 2009 = 1,195 (base <100; base < 20)
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