Following the Bank of England’s highly-anticipated interest rate decision and final close of the stamp duty holiday.
Banking on the Future 3.0
October will mark six months since Chancellor Rishi Sunak announced the post-pandemic budget. Since then, we’ve witnessed a surge in sociological changes and economic escalation. We are now experiencing an economic boom as markets reopen and thrive – was this always upon the horizon? The rule of six has broken, retail and hospitality has awoken, and the property market’s engine is firmly back on. Fuelled by not just the stamp duty holiday extension, but confidence in buyers, sellers, developers, and a shift in consumer demands. All of this has lead to the single biggest generational talent shortage in history.
After the immense success of the first two instalments of Banking on the Future – accumulating more than 3,000 registrations combined – the event series will now take place bi-annually, in partnership with Bank of England and alongside leading names who are oracles of the industry.
The third instalment will take place on Thursday 7th October at 12.30pm to discuss the modern dynamics of the economy and how this impacts the real estate lifecycle. The session follows the announcement made by the Bank on interest rates and is conveniently aired halfway through the financial year, a significant time to assess budgets for many businesses.
Bank of England Economist, Rob Elder, will talk on behalf of the bank to offer an exclusive analysis of the market and future trends shaping the economy. Joining Rob on the panel is market pioneer Ingrid Osbourne, Divisional Chair at Taylor Wimpey, to shed light and knowledge on the property landscape and Joseph Michael Daniels, CEO and Founder of Project Etopia, who will offer insight on innovation and sustainability.
We’re delighted to announce our final speaker: Rebecca Worthington, Canary Wharf Group’s Chief Financial Officer, who is set to bring a wealth of knowledge to the discussion, including 20 years of C-suite experience in property including Countryside Properties, listing the business on the LSE in 2016.
The session will cover:
- What impact the pandemic has had on the wider economy and in turn what implications this has had for the Real Estate market
- The effects on the investment, development and sales and lettings markets
- Consumer demands in property: how these have shifted over the past 18-months
- If there is still a growing demand for commercial asset classes, such as logistics
- What a new lockdown will mean for society, the economy, and property market
- What areas of real estate are bouncing back, what areas are facing challenges
- Overview of asset classes and overseas investment
- Assess if any significant changes to taxation and interest rates are upon the horizon