Private Rented Sector, or PRS, was the acronym that was on everyone’s lips. As Britain’s attitude towards home-ownership evolves, investors and financers are looking to take advantage of one of the UK’s quickest growing sectors.
Whilst our European counterparts were keen to discuss BREXIT and its implications, the British delegates were discussing the ‘Northern Powerhouse’. Specifically, Manchester had a large presence at MIPIM, along with a number of northern cities, all looking to attract foreign investment, bolstered by the presence of the plans for HS2.
New Ways of Living
At both ends of the spectrum, developers were discussing new ways of living based around communal facilities, whether it was shared living and dining spaces for professionals, or improved social interaction in retirement developments. Again, these reflected our ever changing attitude towards home ownership!
One of the more far fetched ideas surrounded the idea of global cities, centres for commerce and living, linked by a high speed computer network and breaking down the international boundaries.