construction

Brexit could derail Hammond’s ambitious housebuilding targets

An ageing UK workforce has been replaced by overseas workers over the years, and Brexit could diminish the country’s chances of building enough new homes.

A survey by the Home Builders Federation (HBF) of around 37,000 building site workers across Britain has found that 17.7% are from the EU, while in London, more than half of the workers are from overseas.

Last month’s Budget announced a 300,000-a-year new homes target until the 2020s as a way of alleviating the housing crisis in the country.

In 2016-2017, 200,000 new homes were built, the highest amount since the credit crunch, and the past four years has seen a 74% increase in output. But the HBF believes that this positive trend could be in jeopardy if measures aren’t taken to protect EU builders after Brexit.

Challenging targets

Stewart Baseley, HBF’s executive chairman, said: “The results of this census clearly demonstrate the reliance the industry currently has on non-UK workers. Output is up a massive 74% in recent years but achieving the very challenging targets set by government will require further big increases in workforce capacity.

“While the industry is investing heavily in recruiting and training young people leaving our schools, colleges and universities, continued access to overseas workers is absolutely essential.”

Broken down into skillsets, 15% of bricklayers, 25% of general labourers and around 18% of finishing trades (plasterers, painters and decorators) come from the EU.

In London, EU workers make up more than 70% of carpenters, 63% of demolition and groundworks workers, 61% of general labourers, 54% of finishing workers, 44% of bricklayers and 40% of roofers.

Reduced capacity

The UK-born workforce is ageing, according to HBF, with only half of UK workers aged in their 20s or 30s compared to 70% of overseas workers. Although Hammond has promised more investment in recruitment and training, it would take time to build the workforce up to its current level and there wouldn’t be the capacity to meet demand.

The HBF is now calling on the government to create a special permit system allowing housebuilders to take on workers from abroad after the proposed 2019 Brexit deadline.

Brian Berry, chief executive of the Federation of Master Builders, said: “We know we need to step up as an industry and train more home-grown talent but we also have to be realistic about the future. There will continue to be some ongoing need for migrant workers and our post-Brexit migration rules will need to be fit for purpose.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

aerial-view-uk-houses

緊貼市場趨勢

立即登記搶先獲得最新項目及獨家物業投資機會。

我們會定期發送電子通訊,介紹最適合您的全新發布項目及獨家優惠。 我們受到超過 30,000 名活躍買家的信任,不斷更新最新英國物業市場資訊。

  • 最新發展項目及獨家優惠
  • 樓市走勢專業分析
  • 物業市場成交數據
  • 項目建築進度定期更新
UK holiday let

最新最快英國樓市新聞。

追蹤我們最新樓市觀點,爲您提供前瞻性的建議和分析。

自 2005 年成立以來,我們是英國地產市場權威,提供前瞻性的建議和分析。我們的英國物業資訊獲得 Apple News 及 Google News 授權發佈。

  • 英國樓市趨勢
  • 按揭申請攻略
  • 業主放租須知
  • 物業指南及投資建議

請即聯絡

立即聯絡我們英國物業專家查詢更多:

 

+852 6699 9008

辦公時間 9am-6pm