Salaries for construction contractors are soaring as a result of the sector's growing skills gap, according to new research.
The Federation of Master Builders (FMB) recent State of Trade Survey has revealed that more than half of small construction firms believe salaries for industry contractors will increase over the next six months.
According to the study, bricklayers are likely to experience the highest demand, with 55 per cent of respondents stating that many are earning £60,000 per year in London and £45,000 per year in the north of England due to significant skills shortages.
Brian Berry, the chief executive of the FMB, has suggested that these skills gaps are partly linked to the growth in private house building, but adds that this demand for skilled construction workers is only likely to increase as two-thirds of building firms reveal they are expecting a boost in their workload in the coming months.
Commenting on the study, Mr Berry continued: "These results are heartening but skills shortages, and the knock-on effect on wages and salaries, remains a major cause for concern.
"We need tens of thousands of new and returning construction workers to pick up the slack, or this growth among construction SMEs could so easily unravel."