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Contents
2015 in Review 2
Industry in Review 2
Construction 2
Home Improvement 2
Reconstruction 3
Year-End Claims Analysis 4
Material and Labour Cost Analysis 6
Labour 6
Raw Metals 8
Copper 8
Lead 8
Other Metals 8
Internal Finishes 10
Plasterboard 10
Flooring 10
Painting 11
Joinery 12
Waste Disposal 13
References 14
4 2015 UK Property Report
Year-End Claims Analysis
Escape of Water
£1,320
Escape of water was once again the most common cause of
claims reported to Xactware’s XactAnalysis network in 2015.
Escape of water caused 51 per cent of all property claims—
a 10 per cent increase compared to 2014. The average cost
of an escape-of-water claim in 2015 was £1,320.
Storms caused 29 per cent of claims, while accidents,
fire, and impacts caused 17 per cent.
Ground movement claims were the most expensive type
of peril in 2015 with an average cost of £3,554 per claim.
Accidental, fire, and impact claims were second most
expensive, with an average of £1,808, followed by flood
with an average of £1,611. The overall average of cost of
a claim in 2015 was £1,642.
Of all U.K. claims reported to XactAnalysis in 2015,
26 per cent were from Southeast England, 13 per cent were
from Northwest England, 12 per cent were from Scotland,
and 12 per cent were from Northeast England. Policyholders
in Midland England reported 11 per cent of claims, those in
London reported 10 per cent, and those in Southwest England
reported 9 per cent. Wales at 6 per cent and Northern Ireland
at 1 per cent reported the smallest amount of claims.
4 2015 UK Property Report
Xactware’s 2015 Property Report
Storms, Lighting, Falling Trees 29%
Other 3%
Escape of Water 51%
Per cent of Claims by PerilVolume of claims as reported to Xactware
Accidental, Fire, Impact 17%
Average Claim Value by PerilAs reported to Xactware
£1,500
£1,000
£0
£2,000
£2,500
£3,000
£3,500
Other Storms, Lighting,Falling Trees
Escape of Water
Accidental, Fire,
Impact
Ground Movement
Flood
£932
£627
£1,320
£1,809
£3,554
£1,611
£627Storms, Lighting,
Falling Trees
6 2015 UK Property Report
Material and Labour Cost Analysis
Labour
Xactware data showed a small increase in wages during
2015, following an 11.2 per cent average increase in 2014.
A small downturn in construction orders toward the end of
summer 2015 resulted in less pressure on the labour market
and a smaller increase in wages over the second part of
the year. Consequently, the majority of labour price increases
took place in the first two quarters of 2015. For example, floor
layer pricing increased 8 per cent in the first half of 2015, and
only 2 per cent in the second half.
6 2015 UK Property Report
Material and Labour Cost Analysis
1%
3%
2%
Plumber Electrician Mechanical/Gas Safe
Mechanical and Electrical Retail Labour Price MovementAs reported to Xactware
1st Half 2015 2nd Half 2015
0%
Hourly Wages Mechanical and ElectricalAs reported to Xactware
PlumberLondon
Midlands EnglandNortheast EnglandNorthwest EnglandSoutheast EnglandSouthwest England
Northern IrelandScotland
Wales
LondonMidlands England
Northeast EnglandNorthwest EnglandSoutheast EnglandSouthwest England
Northern IrelandScotland
Wales
LondonMidlands England
Northeast EnglandNorthwest EnglandSoutheast EnglandSouthwest England
Northern IrelandScotland
Wales£5
£5£5
£0£0
£0
£20
£20
£20
£15
£15
£15
£10
£10
£10
Electrician
Mechanical/Gas Safe
5%
25%
15%
20%
10%
Groundworker Bricklayer Scaffolder Roofer Plant Operator
Skilled Labourer
External Trades Retail Labour Price Movement As reported to Xactware
1st Half 2015 2nd Half 2015
0%
9% 8% 8%
1% 1%
22%
10%
2% 2% 2%
4%
2%
2%
8%
6%
4%
Ceramic Tiler
Decorator Plasterer Carpenter Floor Layer
General Labourer
Internal Trades Retail Labour Price Movement As reported to Xactware
1st Half 2015 2nd Half 2015
0%
7%
3% 3%
6%
5%
8%
1% 1% 1%1% 1%
2%
Labour Rate IndexAs reported to Xactware
Skilled Labourer
Scaffolder
Roofer
Plumber
Plasterer
Plant Operator
Mechanical/Gas Safe
Groundworker
General Labourer
Floor Layer
Electrician
Decorator
Ceramic Tiler
Carpenter
Bricklayer
£0 £2 £4 £6 £8 £10 £12 £14 £16 £18
January 2015 December 2015
£9.79£9.80
£16.47
£13.88
£14.12
£13.17
£11.71
£16.91
£11.59
£7.88
£12.37
£14.43
£11.16
£12.62
£13.57
£14.54
£16.90
£14.15
£14.20
£13.29
£11.73
£17.21
£11.90
£7.94
£12.39
£14.30
£11.17
£12.97
£13.76
£14.79
