MIPIM 2016 Round-up
The 27th annual MIPIM exhibition recently took place on the 15th – 18th March and saw thousands of attendees through the doors over the four day period. As one of the largest international property events in the world, MIPIM attracts the key players of the property world for an exciting few days of industry talks, presentations and networking opportunities.
Held in Cannes, France, MIPIM has been a long-standing date in the diary for the international property world. It often delivers breaking news and is frequently used as a platform for new announcements and developments within the commercial and residential sector. This year, MIPIM attracted its largest gathering since 2008. Reminiscing at some of the main factors that were announced at this year’s conference, we can begin to fathom how the market is taking shape and what the future holds for the industry.
During one of the many conferences, one panel described the London market as “over-heated”. It has been apparent for quite some time that property in London is priced far too high and offers little returns for investors. This echoes our thoughts and the media comments we have issued over the past 12-18 months. For this year and indeed for the foreseeable future, it is likely that investors will continue to head north for high yielding buy to let investments – something many Sequre investors have already recognised.
The issue of supply and demand was also a hot topic during the four-day event. A dangerously low number of homes on the market has resulted in rising prices which has caused some concern. However, the panel advised that although a lesser number of homes available will become detrimental to some areas, such as “over-heated” London, it will allow an opportunity for up-and-coming cities to present themselves as desirable places to live and invest. This is in addition to highlighting their potential for growth.
With a total of 99 organisations attending on behalf of the city, Manchester had its biggest congregation at MIPIM to date. The Northern Powerhouse has played a tremendous part in the government’s plans for the UK’s future and Manchester’s presence at the event will no-doubt strengthen the appeal of the city’s private sector.
With a number of new innovative schemes announced at the event, Manchester continues to cement its place as the driving force of the Northern Powerhouse vision. In addition, new transport districts were unveiled at MIPIM which include plans set to combine rail, Metrolink, buses and a coach station, providing faster connectivity across the city.
Chairman of UKTI Regeneration Investment Organisation, Sir Michael Bear, announced that the north was set for a “golden era” of investment and the Northern Powerhouse will add a further appeal for international investors.
Showcasing the best of the UK property industry and addressing the current market conditions, MIPIM succeeded in delivering a powerful message to all attendees – that the north is a stand-out region for buy to let investment and will be for the foreseeable future.
If you’re looking for a buy to let investment property or would like further information about why the north is such a great place to invest, contact our team today on 0800 011 2277.