Since the start of 2017, Property Personnel has seen a huge surge in the number of residential sales vacancies being registered with us. The number is double what it was this time last year, indicating to us that there is a massive shortage of prospective employees across the industry.
Having been placing candidates into estate agencies for almost three decades, we think this is one of the worst times there has been for a lack of suitable talent.
Property Personnel Managing Director Anthony Hesse said: “It’s a really strange market out there in estate agency at the moment – but the lack of available recruits is a defining factor. One of our clients has over 100 vacancies they are unable to fill; another has nearly 50 property manager vacancies that they can’t find suitable candidates for. I would say that the struggle to fill vacancies is currently second-only to the difficulties estate agencies are experiencing financially.”
The lack of people coming into the industry has also been highlighted by Recruitment and Employment Confederation Chief Executive Kevin Green who has recently said: “Although permanent placements have hit a 12-month high, businesses across the UK are finding it increasingly difficult to recruit for permanent roles. The big question still remains about how employers will fill their vacancies.”
The amount of vacancies available means that this is a great time for people to come into the industry. Anthony continued: “The number of vacancies registered with us is a good indication of confidence in the sector. So, in many ways, this is an excellent time for people who are prepared to move jobs, as those hiring them compete to secure the talent available.
“It’s also a good time to welcome people into estate agency for the first time. Last year, 36% of our placements were people with no experience in estate agency whatsoever. And this year, around a third of our vacancies would consider candidates with a similar background. So, the opportunities are definitely out there for those who want to discover what a dynamic and exciting industry this is.”
Interestingly, whilst we have seen the number of sales vacancies increase, the number of vacancies for roles within lettings is remaining relatively stable as Anthony explains: “The three months after the EU referendum last year saw a significant drop in the number of vacancies available – especially in residential sales, but also a slight dip in lettings. However, on the sales side, nine months later, there are scores of jobs available out there.
“The boost for vocational training in this month’s Budget was very welcome. But now it’s up to the estate agency sector to do as much as it can to attract the right people to fill the right roles.”
If you are looking to make the move into estate agency we have many resources across our website that can help you get the job you want. Our candidates section has numerous ways to assist you in your job search, including guidance on writing a great CV and how to perform well in an interview.
Take a look and then get in touch with us today.