The Property Market: Change Is The Only Constant, Everything Else Is A Variable

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Everyone wants a crystal ball as none of us like uncertainty. Yet, in today’s world, all markets have been dominated by more change, and faster change, than normal. At some point, the pandemic will end and the world will enter a period of relative calm but there will be a change in sea level and players in those markets will adopt new norms and new behaviours that will impact upon the way in which we use space.

In the absence of any definitive scrying, this talk will look at the drivers in the market and a number of possible scenarios for UK property going forward. Each possibility will be sculptured by the predominance of ESG (Environmental, Social and Governance) issues both at the company and governmental level as the world tries to meet COP26 commitments to limit global warming.

Most importantly, the talk will look at opportunities and challenges for property professionals.

• The new mantra of ESG replacing the terms of “sustainability” and “resilience”
• The drivers for the demand and supply of space – a need to understand highest and best use
• The return of tourism and the impact upon the hospitality industry
• The impact of government initiatives on the property markets

Nick French, Real Estate Valuation Theurgy, Property Education