Gender pay gap research from Knight Knox has highlighted that the received income from property investment is lower for women than it is for men.
Knight Knox received its data from a yearly survey of landlords across the UK, which has revealed that male landlords receive an average of £24,050 annually, whereas female landlords receive £22,550.
Looking at the results from last year, this now shows an increase in the gap from 1% to 6%. These results fit in with the current trend of the overall gender pay gap apparent as an issue in Britain, which stands at 9.1%.
Andy Phillips, commercial director at Knight Knox, commented: “Inequality and gender pay gaps have been a huge topic across the media over the past year and these figures seem to signal that similar issues may have made their way into the investment and buy-to-let market.
“That being said, the income does seem to be aligned with experience – male landlords have almost two years more experience on average, and this is likely to have some impact on the returns generated by renting out property.”
The latest statistics from Knight Knox went on to show that renting out a property is main source of income for 31% of female landlords, whereas this is only the case for 17% of male landlords.
It has been pointed out that women were underrepresented in the results, with the gender breakdown showing 40% female participation.
Andy added: “Property investment is clearly a male-dominated market and there is potentially more to be done to attract female investors to level out the playing field.
“Research by YouGov recently showed that women take less risk and are more focused on avoiding losses than generating gain from investments. They will dig deeper to understand the market before diving into the unknown, so accurate and jargon-free advice tends to be more important than when dealing with male investors.”