Agents hit by job shortages as vacancies plummet during the pandemic

The number of estate agency vacancies has plummeted by 71% during the coronavirus pandemic.

Analysis of estate agency jobs data from the Office for National Statistics shows there were 4,000 vacancies in the second quarter of this year between April and June.

This compares with 14,000 in the first three months of 2020 just before the outbreak struck and lockdown was fully imposed.

Josh Rayner, chief executive of property recruitment firm Rayner Personnel, said the sector ranks as one of the lowest for current job availability.

The sector has also seen the sixth-largest quarter to quarter decline of all industries, although on an annual basis, it has seen the ninth-largest decline in job availability, he said.

There were also three times as many vacancies (12,000) this time last year.

Rayner said: “A dramatic reduction in job vacancies across the property sector during the second quarter of this year should come as little surprise given the industry-wide lockdown, with those who may have been hiring unable to do so due to operational restrictions.

“While it was a rough few months for the sector, the reopening of the market has seen it bounce back and we should spare a thought for those in worst-affected industries who are yet to see this happen.”

He was more positive about the third quarter of 2020 though.

He said: “The good news is that in July we’ve seen a notable number of jobs coming to the market, there are no signs of a deluge of redundancies in the sector as of yet, and this has been bolstered by a market that has shown significant signs of improvement both where buyer interest and transactions are concerned.

“So those that currently find themselves between roles should be ready to move to give themselves the best chance of securing a position.

“As always, polishing your personal brand and ensuring your approach to a role demonstrates why you are the most relevant and best-suited applicant is the best place to start.”

 

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One Comment

  1. James Wilson

    I don’t understand this article.  I thought estate agency was “booming”?

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