Editor's note: This brief was summarised by The Property AI Newsroom from a report by Property Industry Eye. Read the original article for full details.
Surveying Sector Faces Retirement Wave as Nearly Half Plan to Exit
Almost half of residential surveyors expect to leave the profession within the next decade, according to new research. The findings highlight a significant workforce challenge for the UK property sector.
The first annual Survey of Surveyors, conducted by Skyline as part of its Surveyor Live programme, found that 46% of respondents do not expect to still be working in 10 years. The survey also revealed that 62% of respondents were aged over 50, while fewer than 16% were under 40. Most participants were independent residential surveyors.
The research suggests the industry could face a substantial loss of experienced professionals unless more young people are attracted to the sector. The age profile of the workforce underlines concerns about recruitment and the need to replace those approaching retirement.
The survey also explored current working practices and priorities among surveyors. Two-thirds (66.4%) ranked report quality as their top priority. Traditional methods remain popular, with cameras and paper preferred over apps and tablets. Attitudes towards artificial intelligence were mixed: most respondents believe AI could make their jobs easier, but 54% said they do not currently want greater integration of the technology into their businesses.
The findings portray an independent residential surveying sector that values quality and maintains traditional working methods. The age profile, however, is likely to attract the most attention from those concerned about the future of the profession.
The research suggests that greater engagement with schools, colleges, and universities may be needed to raise awareness of surveying as a career. Skyline plans to conduct the Survey of Surveyors annually to track changes in demographics, working practices, and technology adoption over time.
Source: Property Industry Eye