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Number of estate agencies using furlough scheme rises again

Latest HM Treasury research shows a 7% jump in property industry companies furloughing staff since November.

Nigel Lewis

furlough

The number of companies accessing the furlough scheme within the property industry at the end of last year was 18,200, latest government figures show, involving 54,000 staff.

The means 40% of employers eligible to do so still have employees within the scheme, up from 17,000 or 37% during the three months to the end of September.

But the current proportion of property industry companies using the scheme remains lower than in July when some 19,000 were on the scheme, the government Covid scheme’s data shows, when over 76,000 staff within the industry were furloughed.

These figures rank the property industry approximately in the middle in terms of furlough numbers – for example hospitality and accommodation has seen 65% of employers use the scheme with 84,500 companies taking part.

Furlough levels

In terms of the UK’s total workforce, 37% of employers had staff furloughed at 30 November  and 13% of jobs were furloughed. “Provisional estimates show 36% of employers had staff furloughed at 31 December and 13% of jobs were furloughed,” the reports says.

The region with the highest take-up of the furlough scheme is London; 15% of all employers compared to 13% nationally.

Across all countries and regions, at both 30 November and 31 December, the accommodation and food services sector had the highest number of employments furloughed. This was followed by the wholesale and retail sector.

On December 17th the Chancellor Rishi Sunak announced that the scheme was to be extended until the end of April this year with the government continuing to contribute 80% towards wages.

Read the HM Treasury report in full.

Read more about the furlough scheme.

January 29, 2021

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