The fine house flower of real estate was in Cannes at MIPIM 2016
MIPIM, the largest international market for real estate professionals.
MIPIM brings together the most influential players of all property sectors (office, residential, retail, health, sport, logistic and industrial) and of course attract many investors, who come to take the pulse of the market.
The 27th edition of MIPIM was held in Cannes from March15 to 18. Here are some figures:
- attendance up 10%,
- Nearly 23,500 visitors,
- Nearly 2,000 architects,
- More than 4,800 investors,
- 90 nationalities
Cities compete on their building projects
Everyone puts on a show to defend the real estate development of the region
Many cities and municipalities have joined forces in order to attract investors, as all exhibitors of the Ile-de-France in the Grand Paris Express. Emmanuel Macron’s enthusiasm for the project of Grand Paris was echoed by Anne Hidalgo and Valérie Pécresse.
Philippe Yvin, Chairman of the Society Grand Paris, came in person to present all the potential of the region.
The same trend in the UK, where Manchester, Liverpool, Leeds, Sheffield and Newcastle have advanced under the same banner within the “Northern Powerhouse”, aimed at reducing regional economic divides which suffers the UK.
Philippe Yvin, Chairman of the Society Grand Paris, came in person to present all the potential of the region.
The same trend in the UK, where Manchester, Liverpool, Leeds, Sheffield and Newcastle have advanced under the same banner within the “Northern Powerhouse”, aimed at reducing regional economic divides which suffers the UK.
Launched in a real beauty contest, cities do their show, as shown in this video of Manchester:
With Istanbul flagship, Turkey has also moved strongly with a delegation of 250 companies and cities. With a tent of 685 m2, giant models, 3D presentations, a hashtag and a dedicated website.
The challenge of the residential property at the lounge menu of real estate
The shortage of residential housing downtown, challenging estate for the future
More than half of the world population lives in cities. According to the UN, the annual urban growth rate is 1.83%. Therefore concerted urban strategies are needed to help cities manage the situation.
Filippo Rean Reed Midem emphasizes that”with the shortage of residential housing that plagues many urban centers in Europe, the need for collaboration between public and private stakeholders at every stage, from design to construction of urban development, is increasingly felt. “
In this context, the architects certainly have an active role to play in future urban development.
Residential real estate, most promising assets in real estate?
A Europe that defends its position on an international scale property market
Real Capital Analytics (RCA) announced that the total volume of commercial real estate transactions in 2015 reached 1.3 trillion dollars (+ 5% in one year). While investment slowed in Asia, the United States has been a growth market, Europe is still in a consolidation phase.
For Real Capital Analytics, the most promising asset classes are:
- the rental apartment sector, which grew by 15% last year in Europe,
- senior and student housing,
- while hotels has jumped 31% in 2015.
Tom Leahy, director of market analysis at RCA, Europe has the chance to be geographically in the middle of the United States and Asia. It thus receives capital from these two areas. In 2015, nearly 50% of real estate transactions have involved a foreign player, either for sale or for purchase. This is a strong trend as property investors looking to diversify their real estate assets in a global market.
Current issue, several speakers of Carter Jonas interviewed by Propertyweek, gave their views on the impact of Brexit on the commercial property market in the UK.
A world’s men?
Women’s were notable. Several networks as REWIRE (Recognising and Empowering Women in Real Estate), the Italian association AREL (Associazione Real Estate Ladies) and the Polish associations, Spanish and World Women in Real Estate, brought together 100 influential women evolving in the world real estate.
Web site exhibition : mipim.com
Exhibition twitter account :Twitter @MIPIMWorld
