Property manager

What does a property manager do? – Tasks and work environment

A property manager is responsible for the daily operations, maintenance, and development of properties, such as residential buildings, commercial spaces, and industrial properties. Tasks include managing tenant relations, procuring and overseeing contractors, and ensuring compliance with applicable laws and environmental standards. The role requires close collaboration with technical staff, economists, and sometimes legal advisors. The work environment is often diverse, involving both office work and regular visits to properties for inspections or meetings. Flexibility, problem-solving skills, and a strong service focus are key qualities in the profession.

Salary development over time

Property managers have experienced steady salary increases in recent years. In 2022, the average salary was 48,800 SEK per month, which increased to 49 200 in 2023 and further to 50 600 in 2024. This represents a total increase of approximately 3.6% over three years. The salary development can largely be explained by increased demand for qualified managers, especially in commercial and technically advanced properties. Factors such as digitalization, increased sustainability requirements, and a greater focus on energy efficiency have also raised skill requirements and salary levels. The market has also been characterized by a certain shortage of experienced property managers, further contributing to positive salary growth.

Property manager salary – comprehensive overview

• Average salary: 50 600 SEK/month
• Lowest salary: 42,900 SEK/month (female, private employee, high school education)
• Highest salary: 52,000 SEK/month (male, private sector, unspecified education)
• Hourly wage: 304 SEK/hour (based on 166 hours/month)
• Gender differences: Men 51 900 SEK/month, women 48 400 SEK/month (women earn 93% of men's salary)
• Regional differences: Salary levels may vary depending on region and labor market demand, but higher salaries are often found in metropolitan areas.

Education and qualifications

The path to becoming a property manager typically involves post-secondary education in property management, urban planning, or economics, often supplemented with specialized courses in engineering, law, and leadership. Practical experience is highly valued, and many employers prefer candidates who have completed internships or trainee programs. Formal certifications can be advantageous, especially for those working with larger or technically advanced properties.

• Vocational university program: Property management, 2-3 years
• University studies: Urban planning, economics, or engineering, 3-4 years
• Certifications: For example, authorized property manager
• Internship/Trainee: Often required or highly beneficial
• Prerequisites: High school diploma, preferably with technical or economic focus
• Courses/online: Opportunities for supplementary education in law, negotiation, and property economics

Common benefits and compensations

Among the most common benefits for property managers are company cars or car allowances, wellness stipends, extra vacation days, and pension contributions. Flexible working hours and options for remote work are also prevalent, especially with larger employers. Some workplaces also offer training grants and performance-based bonuses linked to property development and tenant satisfaction.

Competition and challenges

The competition for positions as a property manager is considered moderate, with a balanced supply and demand in the job market. The profession requires broad skills and the ability to handle complex situations, which can make it challenging for recent graduates to quickly take responsibility for large property portfolios. Challenges include staying updated on legislation, environmental standards, and technological innovations, as well as navigating a sector where customer satisfaction and economic efficiency must be balanced. However, there are good opportunities for further development, especially if one is willing to continue education and build a strong network.

Tips for aspiring property managers

To succeed as a property manager, it is beneficial to be communicative and attentive, as the role often involves close contact with tenants and contractors. A structured approach helps manage the many simultaneous processes, while analytical skills facilitate financial follow-up and budgeting. The ability to quickly solve problems and act proactively is valuable when unforeseen situations arise. An interest in technology and sustainability issues provides a competitive edge, especially as the industry digitizes. Building a network through internships, trainee programs, or industry events can open doors to attractive positions. Finally, it is important to stay curious and continuously update your knowledge, as laws and regulations change rapidly in the property sector.

Key facts about property managers

• Education level: Vocational college or university (2–4 years)
• Work environment: Varied between office and property visits
• Demand: 564 job openings, moderate opportunities, and increasing needs
• Typical employment: Full-time, employed by private or municipal property owners
• Gender distribution: Women earn 93% of men's salaries

Career paths and future outlook

After three to five years in the profession, many property managers have developed broad competence and can advance to senior roles such as regional manager, property director, or specialist in areas like commercial management or environmental certification. Some choose to further their education and move into project management, development management, or consultancy. According to the Swedish Public Employment Service's forecasts, the prospects for employment as a property manager are moderate nationwide, with an expected increase in demand over the next five years. The recruitment situation is balanced, meaning there is neither an oversupply nor a shortage of workforce – but specialized experience and broad competence are highly valued in competing for the most attractive positions.

Frequently asked questions about property managers

• What does a property manager earn?
  - The average salary is 50 600 SEK per month, but it varies depending on experience, education, and employer.
• Are there significant salary differences between men and women?
  - Yes, women earn on average 93% of men's salaries in the profession.
• What education is required to become a property manager?
  - Vocational university programs or university studies in property management, economics, or engineering are recommended.
• What is the work environment like for property managers?
  - The work environment is varied, involving both office work and regular property visits.
• What are the future prospects?
  - Projections show moderate job opportunities and an expected increased demand over the next five years.
• What are the common benefits?
  - Company cars, wellness stipends, extra vacation days, and options for remote work are common benefits.
• How much salary variation is there?
  - Salaries range from 42,900 SEK to 52,000 SEK per month depending on experience, education, and sector.