If confidence is the key to a strong global economy, the debt crisis in the Eurozone has imposed a deep sense of self-doubt in markets throughout the world. The mobility industry is a clear thermometer for what happens within the global economy; when the multi-nationals sneeze, relocation providers gets the ‘flu. In an attempt to make some sense of what’s been happening in the worst hit European economies, I have been talking to industry leaders and asking for their interpretation of changes within European mobility.
As I turn to page 8 of 10 of the RFP questionnaire I am reviewing; my fifth of the day (only five more to go today!), and the twenty-seventh of a total of sixty-eight submissions for this process, I wonder: Have they submitted their first draft by mistake? Alas, the document’s title loudly declares that this is the “FINAL VERSION”. And the shouting doesn’t stop there.
STOCK SHORTAGES AND INCREASED DEMAND WILL SEE RENTS & PRICES RISE FORECAST: PRICES UP 7-10%; RENTS UP 10-15% London housing supply is at its lowest levels since the 1930’s. Prime London housing stock is severely restricted by planning and “heritage” factors. New developments are few and far between with very little new “quality” stock due on the market during 2012.
A quarter of a century is nothing in historical terms, but it represents a time of great development and growth in both corporate and private client, relocation. In 1986 when the Association was formed, there were a handful of companies who sought recognition and regulation as a way to enhance corporate and public understanding, and faith in, our innovative new services.
2012 has arrived and we look forward to an element of excitement for celebratory reasons on the one hand - and worry about financial concerns that have spread across Europe and the rest of the world on the other.
Will the latter affect our industry? – Almost certainly...
New ARP Member Cullum Design, is a bespoke furniture rental service that focus’s on the clients lifestyle by concentrating on interior styling. The company has seen demand for its services increase in particular with long term contracts.
Absolute Home Finders is an independent bespoke property search company based in Hertfordshire, providing home searches to private individuals as well as corporate clients relocating their employees within Hertfordshire and NW London.