The state of pay: Real estate executive remuneration

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A lack of available debt refinancing, falling property occupancy levels and increased stakeholder scrutiny on pay and bonuses in particular - combined with the knock on effects of contraction in the hotel and leisure, financial services and retail industries - will put pressure on real estate firms to reform the way they reward their senior executives, according to a new report from PricewaterhouseCoopers LLP (PwC)

Economic and stakeholder pressures will cause real estate firms to reconsider executive reward arrangements - with key focus on appropriate performance measures
Median salaries for a real estate chief executive and finance director are £405,000 and £300,000, respectively
Average individual salary increases have dropped below 5% for the first time since 2004; further inflationary level increases and pay freezes are likely
Maximum potential bonus of 100% of salary is becoming the norm; median actual bonus payout projected at 43% at executive committee level.

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