Insulation specialists and heat pump installers picking up 拢70 an hour
A lack of so-called 鈥榞reen collar鈥 construction workers such as insulation specialists and heat pump installers mean those trades in London are earning more than 拢130,000 a year.
A new report from Turner & Townsend said workers with these skills were likely to be pocketing 拢70 an hour 鈥 the equivalent of 拢134,000 per year.
The figure is more than twice the amount general construction labourers pick up in the capital, which is currently around 拢28 per hour.
T&T said workers in these new green sectors were picking up 拢47 an hour outside London with the knock-on effect that the UK will have trouble meeting a series of net zero targets it has signed up for.
The consultant鈥檚 international construction market survey said all UK regions were suffering from labour shortages which was sending hourly pay packets to record levels.
Overall, it said that average construction wages in the UK have increased by 13% since 2023 鈥 rising from 拢36 per hour to 拢42 this year.
Chris Sargent, managing director of UK real estate at Turner & Townsend, said: 鈥淸The UK has] a relatively old and inefficient building stock, and construction is absolutely central to meeting our net-zero goals and making our homes, offices and public buildings fit for the future. Fundamentally, this can鈥檛 be done without the workforce.
鈥淗igh wages may make the role more appealing to many and attract these much needed skills. But green construction cannot afford to be in a separate tier of costs from traditional work.鈥
Meanwhile, London ranks as the 10th most expensive construction market globally, rising from 14th in 2023. Average construction costs in the capital have risen to 拢3,503 per sq m compared to last year when costs per sq m were 拢3,024.
Globally, the report said the US continued to dominate the rankings of the most expensive places to build, with six US cities in the top 10. New York is the most expensive market to build in for the second year running at an average cost of 拢4,536 per sq m.
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