December 14, 2018
Decline in new UK commercial property construction work within private sector
The results of the EU referendum have been detrimental to the commercial property sector with the number of constructions continually decreasing, according to an analysis of the figures by Savoy Stewart. With figures from the Office of National Statistics (ONS) showing a monthly decline in the number of new UK commercial construction work undertaken by the private sector since December 2017, the property firm analysed the number of commercial properties available to let in 20 of the biggest cities in the UK.
The European property sector is predicted to grow next year, according to CBRE’s 2019 EMEA Market Outlook report. Although recent indicators suggest some slowing of momentum economic growth in Europe will remain above-trend rate in 2019 and 2020, with Spain, Ireland and the central European countries expected to see the fastest economic growth. France’s growth is expected to accelerate as recent economic reforms begin to pay off; however, UK growth is expected to remain below-trend, but with better long-term potential once the current uncertainty around Brexit passes. Office markets around the region are expected to see positive growth in leasing levels in 2019. However, major European cities, including Paris, Berlin, Stockholm and London, are expected to see lower levels of employment growth in office-using sectors. 
Flexible workers claim to work more effectively than those working a traditional ‘nine-to-five’, with a quarter of respondents (27 percent) in a recent poll saying they work longer hours in their new flexible working routine than they did when they worked normal office hours. The research, which was commissioned by the AAT (Association of Accounting Technicians) found that flexible workers think they put in almost seven hours more each week on average than they did previously. The research, which looked at the productivity of a group of workers who set their own hours or working location against a group of those who are not doing so, found that the former benefit from feeling happier and less stressed. 
A new survey into happiness at work suggests it is viewed differently according to age. Baby boomers: aspire to have job security and think careers are defined by employers. Gen X: aspire to have a work-life balance and although are loyal to a profession will not necessarily stick with the same employer. Millennials or Gen Y aspire to have freedom and flexibility and are digital entrepreneurs while Gen Z aspire to have security and stability. The report by Instant Offices’ considered what is important to each age group, and how employers approach the age gap. It found that eight in 10 millennials look for a manager to act as a mentor or coach; Baby boomers want a boss to be ethical, fair and consistent, while 61 percent of Generation X, and 55 percent of millennials, think team consensus is important. 
Given the latest U turn regarding Brexit, with beleaguered British Prime Minister Theresa May announcing the cancellation of a commons vote on the agreement, a new report into the so called “glass cliff” appointment of women is pretty timely. The term “glass cliff” was coined by researchers Ryan and Haslam in the early 2000s to describe a phenomenon in which women are more likely than men to be promoted to precarious management positions with a higher risk of failure. Aside from May, exemplar cases often used to support the theory include Marissa Mayer, former CEO of Yahoo and Andrea Nahles, Social Democrat party leader in the German Bundestag. 
Technology is in the process of transforming almost every aspect of society, with change happening at an “accelerating rate,” and this is being made possible due of simultaneous rapid advances in several key areas of technology. This is according to a new White Paper on 
Almost half (49 percent) of UK employees admit they speak to colleagues about health concerns before sharing it with a partner or loved one, claims new research by Bupa Health Clinics. Stress, sleep, anxiety and weight problems are among the main concerns being discussed by employees at work, before confiding in those closest to home. The new report found that 46 percent of employees prefer to talk about health with a colleague over a loved one. Many do so with good intentions with more than a third finding it easier to talk to a colleague as they are less likely to worry.
