Bristol Property Market upturn highlights Industry Skills Shortage

Posted on 11 September, 2014 by Jodee Redmond

The property market in Bristol is buzzing with the number of transactions in the first half of the year the highest since 2005. In addition, a number of residential and commercial developments/refurbishments  are currently underway to meet demand.

Bristol-Property-Market-upturn-highlights-Industry-Skills-Shortage

As a result, the industry is actively seeking to hire new staff, and this has highlighted a skills shortage throughout all areas of the property and construction sectors the Bristol Post reports.

The shortage includes all professions from plumbers, electricians, and bricklayers, to surveyors, architects, estimators and a host of other white collar professionals.

Consequently, once companies identify skilled candidates they have to work hard to attract and keep them. This means offering top salaries and big pay increases, which is a good situation for skilled workers to find themselves in but not so good for business.

Local property professionals agree that the cause of the shortage is the gap in recruitment and training during and following the recession. This has left the industry struggling to fill positions as the market improves.

If the picture in Bristol is typical of other areas in the country it could hinder growth and is something that must be addressed in order to expand capacity.

Summing up the problem Ryan Gardner, of recruitment firm Hays, said; “Given that the property industry was so badly hit by the downturn, many companies stopped hiring and stopped investing in training.

“Training has a key role to play here. Employers need to look at what skill sets they need now and what they are likely to need in the future and ensure training is in place to help up-skill workers.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

Interest Rates Impact on Commercial Property

Commercial Property Investment Outlook for 2023

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants