Socio-economic diversity in the real estate sector

The Bridge Group have released their report into socio-economic diversity in the real estate sector, the report was supported by RICS and funded by the JLL UK Foundation.

Key findings from the report include:

• The workforce in larger, UK based real estate firms is deeply lacking in diversity, and most acutely by socio-economic background.
• The combined economic effects of Brexit and Covid-19 are intensifying the societal and organisational challenges relating to equality.
• Diversity and inclusion are key to effective talent acquisition, management and retention.

Barry Cullen, Head of Future Talent, Diversity and Inclusion, commented: “RICS is committed to building a diverse profession for the next generation, this report highlights where systemic change is required to occur before this ambition can be realised. We will work with firms and organisations to identify opportunities to improve social mobility within the profession. The Inspire Schools programme will continue to engage with schools in social mobility cold spots to improve awareness of surveying and encourage the widest possible diversity of people to enter the profession. RICS agrees with the recommendations contained in the report and will provide support to implement these.”

You can view the full report, which provides recommendations for employers, universities and organisations across the sector here.  

The Bridge Group is a non-profit consultancy that uses research to promote social equality.