As we entered 2020, nobody could predict a pandemic that put massive strain on healthcare
systems and sent tremors throughout the global economy. For insurers — who, put simply, guarantee payments to policyholders for uncertain future events — it has proven a testing period.
The impact of COVID-19 on the Real Estate industry on overall recruitment has yet to return to the levels of 2019, there has been a noticeable uptick. In terms of the overall volumes in 2020, the average vacancies per month are down 63% in the industry year on year, which has broadly translated to demand for legal services dropping, where the number of vacancies in 2020 for Real Estate lawyers has fallen by 66% compared to last year.
As the UK economy restarts after lockdown, there are positive signs within the Insurance sector. So far this year, activity in London has dropped proportionately to last year, in that in 2019 39% of the vacancies were in the Capital, compared to 37% this year. The big question coming is what the impact of being outside the single market will be for the sector?
While 2020 started with concerns over the impact of Brexit, the COVID-19 crisis very quickly took center stage. In terms of the impact this has had on labour market, it’s clear from the latest data that the pandemic has had an impact on the likes of which we have never experienced, with the effects still reverberating through the economy. With that in mind …
When analysing activity in the Real Estate industry, the contrast between London & the South East, and
the rest of the country becomes self-evident. The impact of Brexit has been much spoken about, equally
with house prices specifically, the fall in London is clear, and can be attributed, were across the South,
whilst the drop is …
