What are leaders in the property industry looking for when recruiting into their business?
It's all about the individual and their character. You don't necessarily have to have the right experience but if you bring the right attitude that's all we need.
- Mark Batty, Partner, Head of Lettings South Kensington at Knight Frank.
Tommy Lambourne - Associate Director, UK Estate Agency, and Ryan Doyle - Manager, Residential Agency are challenging our valued partners in a series of sporting competitions alongside the 'Summer of Sport'.
Our latest challengers came from Knight Frank, Marsh & Parsons, Beresfords Group, Stirling Ackroyd Group, Collaborative Conveyancing and Apache Capital.
What did the day at the velodrome include?
At the sporting event, leaders from the property industry swapped their business attire for cycling gear to compete for the fastest lap against deverellsmith.
The day was filled with action as the industry leaders showcased their competitive spirit on the track.
Between the high-energy races, we took the opportunity to engage them in insightful conversations, asking for their predictions for the property industry in 2024. They shared valuable advice for senior professionals navigating the evolving market and revealed the key qualities they seek when hiring new talent.
Predictions for the property market in 2024.
Below are some key predictions our challengers shared about the direction of the property industry this year, highlighting the opportunities and challenges businesses may encounter in the months ahead.
Increase in acquisitions among agents, continuing the trend of companies buying each other.
Uncertainty in the market, but a strong year for lettings due to constant demand and lack of supply.
Continued recovery of the housing market, potentially accelerated by decreasing interest rates and inflation.
More investment activity, providing stability and enabling leaders to monitor the market and make informed decisions.
The sales side of the industry is expected to remain relatively flat, with a possible slight decrease of 1-2%.
The rental side anticipates an increase, with more stock available and high applicant demand which should lead to a buoyant market.
Watch the full video above to hear more comprehensive insights from our property industry leaders and to see who claimed victory at the velodrome.
Sign up to receive the latest episodes below...
