Real Estate Sector Report – October 2020

Vacancies across real estate and construction began the year positively, with January 2020 posting 11.2% more jobs year-on-year. That optimism, however, subsided quickly with the emergence of covid-19. Summer’s easing of lockdown coincided with July’s announcement of a stamp duty cut and a £3bn grant to make houses greener. The sector responded by ramping up vacancies that month to 2,713, up 93% compared to June.