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TODAY'S OTHER NEWS

Fewer jobs advertised for agents as industry climbs out of lockdown

The number of jobs advertised as available in the UK real estate sector plummeted from 14,000 at the end of the first quarter of this year to just 4,000 at the end of June.

The figures come from the Office for National Statistics, and emerge as the country enters its first economic recession for over a decade.

Around half of the three month period from April to June inclusive involved the lockdown during which the housing market was effectively closed.

The vacancy ratio, which looks at job opportunities for every 100 employee jobs, shows there are 0.8 vacancies for every 100 employee jobs, down from 2.6 vacancies in the previous quarter and 2.3 this time last year.

Commenting on the figures, Rayner Personnel founder Josh Rayner says that the situation changed in July with “a notable number of jobs coming to the market.” He does not specify how many.

He also says there are “no signs of a deluge of redundancies in the sector as of yet.”

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