Cautious confidence returned to the MIPIM real estate show staged in Cannes this month.
Though many attendees were miles away from the characteristic euphoria of the property sector in years past, a spirit of prudent optimism permeated the four-day conference. The number of participants and investors in attendance increased this year, up 8% to 18,622, and 6% to 4,000, respectively.
Representatives from around the world expressed hopes for a stable economic recovery in the coming years. In one report released during the week, Standard Life Investments identified investment hotspots, including offices in Australia and industrial real estate in Canada. The report also found that in the US, the office market is experiencing a turnaround after hitting a 30-year low point.
A survey by the Wisconsin Business School found that delegates left MIPIM 2011 feeling more optimistic than when they arrived. According to the survey, 35% of MIPIM delegates from the private sector and 53% from the public sector said their experience at MIPIM had changed their outlook for the better.
Click here to read the Quick Review in full (email required)
Conference videos in both full and edited versions are still available for those who wish to catch up on the debates and keynotes that were the talk of MIPIM this year. MIPIM Preview, and Daily News 1, 2 and 3 can also be consulted. Lastly, why not check out the Property Week MIPIM 2011 blog for great coverage and another take on the week’s activities.
Image: EG Focus