Property Payment Trends: 2023 vs 2024
Property Payment Practices Improve Slightly: Average Score Rises by 1 Point to 68.3
The Comparison
- 2023: Assessed across 432 companies, the average payment score in the property sector stood at 67.3 out of 100.
- 2024: The average payment score increased to 68.3 out of 100, derived from an analysis of 429 companies.
What This Means
While representing a move in the right direction, the one-point increase suggests a marginal improvement in payment practices within the property sector, rather than a substantial shift. The slight uptick could reflect incremental changes in company policies or market conditions but is unlikely to signify a major overhaul in how property businesses handle payments, and you can use this late payment calculator to determine late fees.
One-line summary: Property sector payment practices saw a minor improvement, with the average score moving from 67.3 (432 companies) in 2023 to 68.3 (429 companies) in 2024.
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