2022 Report
Work
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Working in Real Estate

How have organisations adapted to modern ways of working and how beneficial have these changes been? What do professionals most value at work? How likely are they to switch employer?

Find data on the shift in working practices since the pandemic and crucial opinions about working in Real Estate today.

 

Key Work Findings

57%

of real estate organisations have permanently adopted changes to working styles

1/2

of employees are likely to move jobs in the next 12 months

Workplace Culture Fit

stands closely behind bonus-potential as a top ranking factor when seeking a new role

Permanent changes in working style, by region and employer main activity

Emerging signs show 6 in 10 employers across real estate are permanently implementing new working styles since the pandemic, with UK organisations leading to embrace new styles of working.

How beneficial has the new working style change been, by region, demographic, seniority and employer activity

Of those that have seen their working styles permanently changed, the UK has found it to be the most beneficial, with 1/5 in Asia viewing the changes in a negative light. Those in the middle stretch of their careers find it beneficial in contrast with entry and c-suite levels either side of the spectrum.

How working styles have changed - Flexible working hours

7 in 10 have the flexibility to choose the days and hours they are in the office, though this is only the case for half of those in the Middle East.

How working styles have changed - Flexible working location

41% of real estate professionals globally have complete autonomy over where and when they work, and there is an equal amount in those that say they work in the office 1-2 days or 3-4 days. Apart from the Middle East, only around 1 in 10 are expected to be in the office 5 days a week.

Most ranked valued factors in current role, by region, demographic and seniority

Work-Life balance and having flexible working is ranked as the most valued perks in current roles, before salary levels. This is followed by being shown appreciation from managers and colleagues, then the quality of work to be able to make a difference.

Most important ranked factors when seeking a new role, by region, demographic and seniority

When seeking a new role, real estate professionals look at bonus/commission potential, fitting into the the workplace culture and the company's reputation closely. Senior MD/ C- Suite level professionals look closely at companies' current leadership teams when looking at new roles.

Average time spent with an employer by age group

Globally, the average time spent with an employer has decreased by 10% from last year, with a notable decease from those working in the UK and those aged 46+.

Likelihood of moving jobs in the next 12 months, by region, demographic, seniority and employer activity

Half of real estate professionals say they are likely or very likely to move jobs in the next 12 months.

How Real Estate professionals found their current role, by region

Since the pandemic, real estate professionals have turned to their personal network and working with recruiters to aid their career moves.

How real estate professionals found their current role, by demographic and seniority

The more senior, the more likely to lean into established networks for new roles, though this isn't as evident for females and those from a non-white ethnic background.

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