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Real estate industry benefits from big wage increase

Earnings in real estate have surged by 11.25% in a year, rising to £703.64 per week.

The study, by Journo research with fintech group Plus500, compared salaries from December 2022 and December 2023 using ONS data.

Real estate is the third highest industry in terms of wage increases, bettered only by the manufacturing of textiles, leather and clothing industry (12.31%), and the agriculture, forestry and fishing industry (11.26%).

Taking fourth place is the accommodation and food service activities industry (9.99%), where average weekly earnings increased from £296.12 in December 2022 to £325.71 in December 2023.

Rounding out the top five is the manufacturing of basic metals and metal products industry, which has seen weekly earnings rise from £700.15 in December 2022 to £765.37 in December 2023, an increase of 9.31%.