Savills Global Residential Conference 2023

Article written by Susana Rodas, Business Development Manager

 

The Savills Global Residential Conference took place over the 28^th & 29^th of March and it proved to be a massive success. Held at the Museu de Oriente, Lisbon, overlooking the River Tagus, the two days included a lively and thought-provoking mix of panel discussions, interviews and presentations. The event brought together over 160 colleagues from 20 countries across the globe.

It marked a proud occasion when Alison Buechner Hojbjerg, co-owner and director of QP Savills participated on one of the panels that covered topics such as: market share, innovation, the future of the business and diversification. Alison commented, “It was a great opportunity to understand different business models around the world and to learn from our colleagues on how we can continue to best serve our clients”. 

 

 

 

 

 

 

 

 

 

 

 

Global Markets Updates, Trends and Outlook

Day one began with Paulo Siva, James Sparrow and Justin Marking followed by a fascinating panel looking at the global challenges and opportunities we all face. The discussion included Savills employees and associates from the US, China, South Africa, the Middle East and Spain.

The biggest challenges at current include the inflation shock, political instability and the effects it has on costs, the recent financial crises in the banking system and the low expectations for GDP growth across the globe.

As a result of the pandemic, the current demand is for less expensive properties with better quality of life and greater access to outdoor space. With Portugal being the perfect location to own a second property as an extension of a first home, it has now become one of Europe’s strongest countries for a bigger compound annual growth rate. For comparison, rental values in Lisbon have increased by more than 20% over the last 5 years.

 

 

Taking Market Share

The event included an all-female panel entitled ´Taking Market Share´, where QP Savills’ accomplishments were displayed. Alison Hojbjerg said, “The day was full of pleasant surprises, and we are extremely appreciative of being acknowledged as one of the most enduring and successful performance associates globally in the Savills Hall of Fame”.

In the Prime market of the Algarve, QP Savills holds an astonishing 70% market share, and some factors contributing to this success can be traced back to the beginning, in 1998. Today the company employs 25 passionate and positive employees, who maintain a close community and supports one another to meet the demand of the competitive market.

 

 

 

Justin Marking commented, “We really do have the best global residential network team in the business and it was great to spend time with them all and to see new contacts being made and old ones re-established. The energy and buzz over the two days was quite something and can only lead to an even stronger network and opportunities to refer business to each other”.