LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Industry skills shortage sees agents turning to AI and automation – London Wallet

Mark Helprin by Mark Helprin
August 18, 2025
in Real Estate
Industry skills shortage sees agents turning to AI and automation – London Wallet
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Estate agent hit with hefty fine for breaching client money protection rules – London Wallet

‘Eye-Watering’ number of property fall-throughs revealed – London Wallet

Comings & Goings – London Wallet

Dr Neil Cobbold, Reapit

Analysis by proptech provider Reapit is seeing agents across the UK turning to AI and automation in an effort to combat a skills shortage in the industry.

The company’s inaugural Property Outlook Report 2025 reveals that most agencies are struggling to recruit and that the number of payrolled people working in real estate is growing at its slowest pace since the Covid-19 pandemic, despite the highest unemployment rate since May 202.

It has found that more than half of the agencies that were hiring were receiving fewer than five qualified applicants per vacancy.

According to the latest data from the Office for National Statistics (ONS), the number of UK payrolled real estate employees grew by just 1% between July 2024 and July 2025. This is the weakest year-on-year increase since May 2021, when payrolled employee growth stood at 0.9% amid the global pandemic.

As a consequence, where agencies are struggling to find the right people for their job opportunities, they are increasingly turning to proptech, automation and AI to improve efficiency, says the report. Over 50% of those surveyed reported increased use of time-saving technology, while nearly 80% believe it’s cheaper to invest in automation than to increase headcount. A further 69% say it’s also more productive.

Dr Neil Cobbold, commercial director at Reapit UKI, explained: “As we see today with Reapit’s existing embedded AI, agencies aren’t using it to replace employees but to assist, helping them prioritise the key parts of the job that need the human touch.”

Of those surveyed, one-third said that proptech is central to their businesses’ drive for greater profitability, more so than cutting costs or raising fees. In all, while the majority were currently neutral, some 41.5% of respondent thought AI would be a net positive and only 2.7% said it would have a negative impact on their roles over the next five years.

Reapit says this marks a “cultural shift” in how technology is valued across the sector as it continues to develop autonomous, self-learning AI agents designed to support specific tasks and processes within a business and the wider industry. These AI agent will serve as continuously learning  “digital companions to real-life estate agents”, it says, continuously learning but leaving property professionals in control.

The report also highlights a generational shift. While 76% of agents plan to stay in the sector for five years or more, a significant number either intend to leave the sector or retire, and agencies will need to replace not just people, but decades of operational knowledge, and the complexities of laws and regulations such as the Renters’ Rights Bill, money-laundering and EPC requirements. Agents can very effectively use AI and automation to free up time to focus on addressing new compliance requirements, says the Reapit report.

Cobbold commented: “While the nature of the current skills scarcity will become clearer over time, it is clear that agencies are still prioritising growth, and new hires are a vital part of the equation. Our report shows that many of them are embracing tech and AI to stay productive and profitable.

“It’s clear that automation and AI are no longer luxuries but strategic necessities to grow an estate or letting agency. We will only see this cultural shift towards faster adoption of proptech accelerate as technology improves. Both employers and the workforce would do well to embrace the new wave of AI and automation-enablement.”





Source link

Share30Tweet19
Previous Post

Savills sees half-year reported pre-tax profits rise sharply – London Wallet

Next Post

Realistic pricing sees most active July since 2020, says Rightmove – London Wallet

Mark Helprin

Mark Helprin

Recommended For You

Estate agent hit with hefty fine for breaching client money protection rules – London Wallet
Real Estate

Estate agent hit with hefty fine for breaching client money protection rules – London Wallet

October 15, 2025
‘Eye-Watering’ number of property fall-throughs revealed – London Wallet
Real Estate

‘Eye-Watering’ number of property fall-throughs revealed – London Wallet

October 15, 2025
Comings & Goings – London Wallet
Real Estate

Comings & Goings – London Wallet

October 15, 2025
Agents must prepare as Renters’ Bill nears Royal Assent – London Wallet
Real Estate

Agents must prepare as Renters’ Bill nears Royal Assent – London Wallet

October 15, 2025
Next Post
Realistic pricing sees most active July since 2020, says Rightmove – London Wallet

Realistic pricing sees most active July since 2020, says Rightmove - London Wallet

Related News

Elon Musk is wrong about climate change

Elon Musk is wrong about climate change

August 13, 2024
Chelsea vs Bayer Leverkusen: Pre-season friendly — LIVE

Chelsea vs Bayer Leverkusen: Pre-season friendly — LIVE

August 8, 2025
Lithium company Ioneer scores 0 million conditional loan from Energy Department for Nevada plant

Lithium company Ioneer scores $700 million conditional loan from Energy Department for Nevada plant

January 13, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?