The large international real estate exhibition MIPIM started Tuesday in Cannes, France and will continue through Friday. The annual event brings together real estate professionals from around the world and from diverse real estate sectors. Thousands of professionals are able to network with each other and they attend conferences and discussions at the event. The conference’s director, Filippo Rean, told CNBC about what he thinks the major MIPIM discussion topics will be this year.
Three Hottest MIPIM Discussion Topics
Housing Supply
A shortage of housing inventory has become an issue for many. It is tough for first-time buyers to enter the market, and refugees all over the world are entering new markets, creating even higher demand for real estate.
According to Rean, “It is essential that public and private actors work together to forge holistic solutions to pressing housing crises. MIPIM provides a global forum where participants battling similar dynamics around the world can brainstorm and share innovative ideas.”
Flexible Working
Commercial real estate developers need to cater to more flexible, convenient working spaces. According to CNBC’s article, tenants are willing to pay a more premium price in exchange for a space with terms that allow them flexibility to help maximize workspace.
Global Investing
Globalization and real estate investment is becoming more common.
According to Rean, “Twenty years ago, real estate investing was still a very local endeavor. Now capital flows emanate from all over the world to cross into assets located in all global regions.”
The globalization of real estate investment is exemplified in the representatives attending MIPIM. 89 countries will be represented at this year’s event. While global investors are met with challenges like weak bank lending and tightening standards, this will be one of the most important MIPIM discussion topics.
If you are interested in the present and future of today’s market, following MIPIM discussion topics will be of interest to you throughout the week. If you are an investor looking to go international, the discussions by professionals at the event will interest you as well. You can find updates and even find some parts live on their website. RE/MAX Paradise can also help you get started with investing, as well as answer any real estate questions, so check out our commercial real estate available in Miami.