The Real Estate Industry is starting to hit headwinds not seen in a generation, as interest rates start to rise. Insofar as the long-term average interest rate has been around 4-5%, the last decade has seen low rates and unprecedented amounts of quantitative easing which as they have ended, have meant the industry is under pressure.
When examining the overall half-year totals for 2023, we can see a substantial 54.2% decrease when compared to the same period in 2022, where across all sectors, companies have been slowing down.
Discover the latest Finance & Banking – UK Finance Labour Market Trends Report, July 2023 and stay ahead of the game in the recruitment industry. Explore key findings, industry insights, and potential challenges that lie ahead for finance professionals.
For increasing numbers of businesses, hybrid work is becoming the norm, where to add to that, we are also witnessing a significant surge in work-from-home (WFH) vacancies across all functions.
In 2019, only 0.44% of permanent vacancies posted on company websites career centres were marked as remote. Compare that to 2023, where remote vacancies have comprised 4.3% of the total so far. Put simply, remote vacancies have never had such a high share of the total before.
