Another MIPIM is upon us and whilst the champagne corks won’t be popping with the disregard of 2006/2007 the consensus is that the outlook is brighter than last year.
While the property bankers will be attending in much smaller numbers than in previous years, some real business gets done at MIPIM which will have a positive knock on effect for the banks.
We all know property is a people business driven more by characters than perhaps any other asset class. It’s these colourful entrepreneurial people that make it such an interesting sector to be in, regardless of the tough times that we now find ourselves in..
Business gets done at MIPIM because networking and meeting with like minded property professionals breeds ideas and gets deals done. There maybe a place for the conference formalities but one gets a sneaking suspicion that the real opportunities are formed in the early hours in the bars along the Croisette.
As a recruiter with a global view we find MIPIM a useful forum to meet up with all our clients in one place in an informal setting and perhaps even arrange the odd interview!
Regarding the recruitment market, we are happy to report that some natural attrition is returning to the jobs market, where professionals are looking to move for the purposes of career progression now that an element of the fear factor has begun to lift and confidence returns. While this shift has taken some time in the banking sector, the salary freezes and lack of promotional opportunities of the last few years have also led to movement in the market and disappointment for those firms who have yet to look at their remuneration and retention plans.
Ciara Murphy
