Property Sector Quarterly Outlook
Again we had a very healthy response to the Prefio.com Quarterly Survey into employment prospects in property & construction - this time looking forward into the current quarter, Q1 of 2010.
Please contribute your thoughts to the survey looking at Q2 (April to June) 2010 by clicking here.
A total of 1.205 property & construction professionals gave their views as to the overall employment health of the property & construction sectors looking into Q1 2010 and of these 972 went on to give a more detailed view as to the prospects by specialism. The results are shown graphically below.
Commentary:
- Overall sentiment remains quite strongly negative, although the averaged "consensus" view has nudged slightly "less negative" to 3.8 on a 9 point scale, where 5 is "neutral".
- Only 15% of respondents saw the overall employment prospects for the sectors as anything better than "neutral".
- The most strikingly negative specialisms were "Construction" and "Planning, Design & Development"
- On average respondents felt more positive about the "Real Estate Legal" and "Real Estate Finance" specialisms with other specialisms (Asset Management and Corporate Real Estate) being slightly, although not markedly positive.
Comments from respondents included:
- "Expect marked regional variations in fortunes"
- "A lot of conflicting signs - so maybe we are at a turning point"
- "I expect a slow recovery through 2010/11 but that won't feed through into much better employment prospects"
- "Expect employers to be cautious in their employment decisions"