NAEA Propertymark has urged that the government furlough scheme “must flex” in order to support the recovery of the property sector.
It revealed that it “continues to talk” to Government departments about the needs of the sector, the “disparity” between activities allowed in England, compared with Scotland, Wales, and Northern Ireland and the “cautious progress” of recovery and consumer confidence.
Propertymark added it comes after it has worked to successfully lobby the Government on issues including extending business rate relief to the sector and the inclusion of commission within the calculations for furloughed pay.
In recent days, Propertymark revealed it has worked with sector partners to propose that employers should be able to move their staff in and out of furlough on a weekly basis rather than current three-week arrangements.
It said the financial implications of having to commit to paying un-furloughed staff while gauging whether markets will return to near-normal levels of business are “preventing many employers from bringing staff back on to the payroll”.
It said: “Due to the way that transactions are linked through chains, minor delays can cause a logjam for homebuyers and sellers in completing transactions.
“Greater flexibility to bring employees in and out of furlough on a weekly basis would make these delays far less likely and would enable the market to run more smoothly.”