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first_imgThe property industry has been named as one of the two most resilient sectors to pull through the pandemic relatively unscathed.Agents will already be aware of how lucky they have been compared to friends and family working in hospitality, performing arts or travel, but now it’s official.Figures just out from the Office of National Statistics show that the property industry and the education sector have been the safest havens to work in during Covid, followed by wholesale retail, transportation and storage plus professional and/or scientific jobs.Companies working in these sectors have seen the highest growth revenue of up to 2% during the pandemic.This government data, which compares 2020 to 2019, roughly categorises types of companies and sectors into resilient and non-resilient, the former bouncing back much faster after the first lockdown than the second, but doesn’t cover the sectors that have now been mothballed until recently such as high street retail and theatres.“Following the sharp declines in turnover in April 2020, resilient industries had much less ground to make up to get back to the average level for March to December 2019, whereas the other industries have barely exceeded the level of turnover seen in February 2020, immediately before the pandemic,” the report says.The research also shows that independent firms have fared as well as if not better than corporates.Outside of property and education, two of the biggest boom industries have been the sale of IT equipment for home workers, and garden and DIY equipment.The hardest hit of all sectors were unsurprisingly travel tour operators, film production and travel agency. And ONS quotes recent McKinsey research, which shows economic activity still 30% down on February 2020 and that 7.6 million jobs remain at risk.pandemic covid ONS estate agent April 27, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Official: Property industry is one of two most Covid-resilient industries previous nextAgencies & PeopleOfficial: Property industry is one of two most Covid-resilient industriesLatest government data reveals that along with education, estate agents have helped make property the safest place to work during pandemic.Nigel Lewis27th April 20210443 Viewslast_img read more