Property-related Goods And Services Payment Trends: 2020 vs 2021
Property Sector Payment Practices Show Marginal Improvement: 2021 Sees Average Score Rise by 4.2 Points
The Comparison
- 2020: A survey of 77 companies in the property-related goods and services sector revealed an average payment practices score of 53.2 out of 100.
- 2021: The same 77 companies saw a slightly improved average score of 57.4 out of 100.
What This Means
The overall improvement of 4.2 points suggests only a slight shift towards better payment behaviors within the property sector. This increase, while positive, is relatively small and indicates that significant challenges in timely payments likely persisted between 2020 and 2021, showing the ongoing need to address this. Use our late payment calculator to find out how much late payments can be costing your business.
One-line summary: Property-related goods and services companies saw a marginal improvement in payment practices, with the average score increasing from 53.2 in 2020 to 57.4 in 2021.
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