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EY Executive Director Peter Miller says attending the MIPIM Real Estate Conference in Cannes last month left him with optimism for the real estate industry.
The MIPIM (Le marché international des professionnels de l’immobilier) is an international property event hosted in Cannes, France each March and attracts people from a variety of real estate sectors is the world’s leading real estate conference. It provides an opportunity for all elements of the industry, from investors to financiers to interior designers, to gather and meet at one time. Many of the exhibitors are countries or cities from around the world looking to promote inwards investment into their locations.
Mr Miller said: “MIPIM really is the must attend event for the real estate industry. It provides an opportunity to catch up with existing contacts as well as creating new relationships in a focused environment. Everyone attending the conference has travelled to MIPIM with the view to discuss real estate and new business opportunities.
“It is also a good opportunity to introduce our local clients to our EY real estate colleagues from around the globe, widening their network and in some cases creating opportunities. There really is no other event quite like MIPIM, which lies at the heart of the real estate industry. The insight into the industry’s developments and emerging opportunities are useful both to clients locally and EY.”
London and the Eurozone area were major themes at this year’s conference. Mr Miller said most investors felt that prices in the UK capital were sustainable whilst expecting a rise in investment into Europe. Behind much of the optimism was a feeling that finance is becoming progressively easier to access.
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