While “Survive till ’25” remains the mantra for many investment managers following another tough year, and bonuses are down for most London-based real estate professionals, demand for real estate talent has remained robust in many areas.
Recruitment specialist Bohill Partners has said sectors with strong structural trends, such as residential and alternatives, are still growth areas for many businesses. “Simultaneously, we have seen a notable increase in demand for asset management and finance professionals with the ability to stabilise portfolios and ensure their businesses weather the storm,” the company said in its 2023/24 market and compensation review for London-based professionals.
With rising living costs continuing to weigh heavily on employee’s minds, base salaries have continued to rise, particularly at more junior levels. However, Bohill noted that the picture is more mixed when it comes to bonuses. Bonus pots at most firms were smaller this year than last, it said, despite the fact that many firms are still keen to hang on to their top talent.
