MIPIM platform will steer world property market in right direction
MIPIM, the world’s premier property market show, which commences from March 15 at Cannes in France, will witness the participation of influential property players from all sectors, including office, residential, retail, healthcare, sport, logistics and industrial.
MIPIM 2016, which will be on till March 18, is expected to offer unrivalled access to the greatest number of development projects and sources of capital worldwide, to set the tone for the real estate sector this year.
Every edition of MIPIM comes with a huge expectation and this time too it is no different. With property markets in developed nations witnessing price inflation while the gap between demand and supply of housing and office space widens in select geographies, the challenge will be to secure capital with attractive returns to investors. MIPIM is the ideal platform for developers to interact with the stakeholders of the property market to understand how the future looks like because some of the challenges that they face are likely to persist.
In 2015, the worldwide property markets saw sustained performance across geographies. While Europe remained fertile ground for investors despite the economic uncertainties, the US and Asia Pacific regions showed signs of improving the fundamentals. According to CBRE, the global commercial property markets are expected to remain active in 2016, but the pace of growth is anticipated to slow after six years of recovery.
Moderate economic growth with low-interest rates, punctuated with bouts of pessimism and volatility—the factors that have characterized the world economy for the past few years—are likely to continue in 2016, supporting moderate growth in commercial rents and investment sales volume globally, the CBRE reported in its outlook for 2016.
The MIPIM will be addressing these issues, as these market trends cannot continue to for long. There has to be consensus on how the property market in the developed nations could be further stabilized through policy-level interventions. Innovators at MIPIM could help identify long-term solutions to some of these challenges faced by the property markets in developed as well as developing nations.
One of the highlights of MIPIM 2016 is the regional pavilion where a number of countries are showcasing their property market. While Germany, France, Italy, North America, Belgium, Turkey and a few Asian nations are present in full strength, the UK too is being represented by the entire value of the property market. Over 300 companies from the UK will gather at MIPIM to explore the many opportunities London property market has to offer, including developers, agencies, architects, brokers, investors and property professionals.
The UK market, particularly, London, will be of significant interest to participants at MIPIM. Though the property prices in London are shooting skywards, it is still one of the safe and secure markets for investors. This has been witnessed by the influx of several top investors into London in the last two years. With both residential and office space always high in demand in London, MIPIM could be crucial for the stakeholders of the property market from several aspects.