Trustees, real estate

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

A property manager is responsible for ensuring that properties are operated and developed efficiently, economically, and sustainably. Tasks include planning and monitoring operations, maintenance, and repairs, preparing budgets, negotiating with suppliers and tenants, and maintaining ongoing contact with stakeholders. The role often involves close collaboration with technical managers, economists, and property caretakers. The work environment is mainly office-based but also includes regular visits to the managed properties, requiring flexibility and good organizational skills.

Salary development over time

Property managers have experienced stable and positive salary growth over the past three years. In 2022, the average salary was 48,800 SEK per month, increasing to 49 200 SEK in 2023. In 2024, the average salary has risen further to 50 600 SEK, representing an increase of approximately 3.7% during this period. This salary increase reflects sustained demand for competent property managers and an increased focus on sustainability and digitalization within the property industry. The market's need for specialized knowledge, especially in energy efficiency and property economics, has contributed to positive salary development. At the same time, the job market has been characterized by a balance between supply and demand, with gradually increasing competition for qualified candidates.

Property manager salary – comprehensive overview

• Average salary: 50 600 SEK/month
• Lowest salary: 42,900 SEK/month (female, private sector, high school education)
• Highest salary: 52,000 SEK/month (male, private sector, unspecified education)
• Hourly wage (average for hourly workers): 304 SEK
• Gender differences: Women earn on average 48 400 SEK/month (93% of men's salary of 51 900 SEK/month)
• Regional differences: Data on regional variation is lacking, but salary levels may vary between urban and rural areas

Education and qualifications

To work as a property manager, a post-secondary education in property economics, engineering, or management is usually required. Many employers also value practical experience in the property sector, good ability to work independently, and an interest in economics and customer relations. Certifications and further training in areas such as energy efficiency or project management can be advantageous and increase employment opportunities.

• Formal education: Vocational college degree (2–3 years) or university education in property economics, engineering, or management
• Certifications: Courses in energy, environment, construction law, and project management are in demand
• Internship: Internships or trainee positions in property companies are highly recommended
• Prerequisites: High school diploma, preferably with a technical or economic focus
• Additional skills: Knowledge of property law, digital systems, and customer service

Common benefits and compensations

Property managers are often offered benefits such as occupational pension, wellness allowances, flexible working hours, and the possibility of remote work. It is common to receive a company mobile phone, computer, and sometimes a company car depending on the employer and responsibilities. Many employers invest in ongoing professional development and offer continuous training in relevant areas.

Competition and challenges

The job market for property managers is characterized by balance, with the number of vacancies and applicants being relatively evenly distributed. With 564 job openings nationwide, there are good opportunities for employment, but competition for the most attractive positions can be high. The industry demands high technical and economic competence, as well as the ability to manage complex customer relationships. Challenges often include staying updated on new legal requirements, digital tools, and sustainability issues. Additionally, property managers are expected to handle rapid changes in property portfolios and act proactively to minimize operational disruptions and costs.

Tips for aspiring property managers

To succeed as a property manager, it is beneficial to combine analytical skills with a strong customer focus and good organizational abilities. An interest in both economics and technology facilitates daily work, as the role involves responsibility for budgets as well as technical solutions. The ability to communicate clearly with various stakeholders, from tenants to contractors, is crucial for building trust and smooth collaborations. Being solutions-oriented and able to prioritize when multiple tasks demand attention is also advantageous. Engagement with sustainability and curiosity about industry digitalization can give a competitive edge. Pursuing internships or summer jobs during studies is a smart way to build networks and gain insight into the profession. Finally, patience and perseverance are important qualities, as long-term relationships and property projects often take time to yield results.

Key facts about property managers

• Average salary: 50 600 SEK/month
• Educational level: Post-secondary education, often vocational college or university
• Work environment: Office and regular property visits
• Demand: 564 job openings nationwide, moderate opportunities according to the Swedish Public Employment Service
• Gender differences: Women earn 93% of men's salary in the profession

Career paths and future prospects

After three to five years as a property manager, opportunities may open to advance to senior property manager, project leader for larger property projects, or management roles within property management and operations. Some choose to specialize in areas such as sustainability, technical management, or property economics. Forecasts from the Swedish Public Employment Service indicate that demand for property managers is expected to increase over the next five years, with medium opportunities at the national level. The industry is influenced by digitalization, sustainability issues, and increased focus on energy efficiency, making specialized skills in these areas increasingly valuable.

Frequently asked questions about property managers

• What does a property manager earn?
  - The average salary for a property manager is 50 600 SEK per month.
• What are the gender differences in the profession?
  - Women earn on average 48 400 SEK, which corresponds to 93% of men's average salary of 51 900 SEK.
• What education is required to become a property manager?
  - Usually, post-secondary education such as from vocational college or university, preferably with a focus on property economics or engineering.
• How is the job market for property managers?
  - Opportunities are moderate, with currently 564 job openings nationwide.
• What are the most common tasks?
  - Tasks include property management, budget responsibility, contact with tenants and contractors, and planning maintenance and operations.
• Are there regional salary differences?
  - Variations may exist between urban and rural areas, but specific figures are currently unavailable.
• What career paths are available after a few years in the profession?
  - Opportunities include advancing to senior property manager, project leader, or management roles within property management and operations.