Zoom Logo

GWIRE Presents: Property and Real Estate Beyond COVID 19 and 2020 - Virtual Networking and Panel Discussion - Shared screen with speaker view
Ayşen Sanbur
02:25:08
Hellooooo :)
Kimberly Winson-Geideman
02:25:22
Hellooo back!
Annette Kämpf-Dern
02:27:20
It's such a marvelous idea! Big thank you to the initiators and organizers!
Vitalija Danivska
02:30:55
great to see some many amazing women, interested in the issue! Greetings from Finland.
Vitalija Danivska
02:31:03
*so
Bernadette Gitari
02:32:02
An amazing event and to see women from all over the world Well done
Dawah Lulu Magembe-Mushi
02:33:07
Really amazing! such a nice experience to see people from all over the world, its been a while!!
Dawah Lulu Magembe-Mushi
02:33:25
Greetings from Dar es Salaam, Tanzania!
Velma Zahirovic-Herbert
02:33:42
many thanks to our organizers
Annette Kämpf-Dern
02:34:13
Yes, it would be great to see where everybody is from and/or at the moment. I am attending from Frankfurt/Germany.
Nelly Mwango
02:36:07
Hello. I am in Kitwe, Zambia
Nicola Livingstone
02:38:37
Hello from Scotland... Thanks for organising the session - fabulous to see everyone!
Menare Royal Mabakeng
02:41:05
Hi Everyone, here listening in from Windhoek, Namibia :-)
LEFENTSE SEOFELA
02:51:50
from Botswana Gaborone
Georgia Warren-Myeres
02:58:45
I think they are still doing that Elaine 🤦‍♀️
karen gibler
03:03:33
We are collecting the questions you would like to ask--have the committee discuss. Please send to me now.
karen gibler
03:06:40
If we can't express an opinion on Tilda's question, it means we need to learn more about African markets!
Elaine Worzala
03:07:09
Very true!
sarah sayce
03:08:12
Tilda makes a good point about the FDI
Elaine Worzala
03:09:30
Yes...interesting to see how the global markets react longterm to this...I know in the US we have seen a lot of lower levels of investment.
Tiffany Hutcheson
03:11:04
Residential housing in some cities is doing ok
Cláudia Affonso
03:11:11
Is there any research that any of you know about this feature of less cross-border investments?
Georgia Warren-Myeres
03:11:45
certainly foreign investment in residential has dropped off substantially
Georgia Warren-Myeres
03:11:55
sorry in Australia 😃
Elaine Worzala
03:12:26
Need to check on Capital Analytics...they try to track this. They do make their data available to academic researchers. Don't know if they track African countries or not...have not looked at the data for awhile.
Georgia Warren-Myeres
03:12:28
and commercial office in Melbourne is likely in trouble -
Georgia Warren-Myeres
03:13:16
😃
Paula Munger
03:13:58
This is a subscription service, but they do have some free content like this article: https://www.rcanalytics.com/chart-global-tracker-day-170-americas/
TILDA MWAI
03:14:14
https://publications.knightfrank.com/active-capital/age-of-uncertainty/
Cláudia Affonso
03:15:05
Tks
Catherine Kariuki
03:15:48
In the case of Kenya, there will certainly be more investment and demand in housing than in other asset classes.
Dawah Lulu Magembe-Mushi
03:16:43
the same applies to Dar es salaam more demands actually, with change in specifications!
Tiffany Hutcheson
03:17:30
In Sydney residential areas close to Unis have been affected due to overseas students not being able to fly back into Australia to study.
Dawah Lulu Magembe-Mushi
03:17:38
Lockdowns have created some demands
sarah sayce
03:17:52
in UK we are seeing people wishing to move where there is access to outdoor space - in some suburban 'nice' areas there is simply massive activity -
Okwuchi Juliet Akalemeaku
03:18:15
In Nigeria demands will likely remained same for residential apartments
Georgia Warren-Myeres
03:18:23
demand outside of Melbourne is massive - there is a boom in regional areas
Georgia Warren-Myeres
03:18:40
interesting to watch to see how long it lasts...
karen gibler
03:19:03
Georgia-- exactly. People tend to have short memories.
Tiffany Hutcheson
03:19:23
In Sydney there has been rent reductions in the city area but not so much in suburban areas
Kimberly Winson-Geideman
03:19:25
Even if the employers haven’t decided where work will be conducted post-COVID, the workforce is expecting it - will put pressure on employers
Neville Hurst
03:19:31
What surprises me is how quickly these movements have happened given the inertia we typically see in housing markets
Bernadette Gitari
03:19:59
The Rural Urban migration is greater that Urban Rural or Suburban migration. Urban home ownership is key in Africa So increase in demand for affordable housing.
Paula Munger
03:20:05
Housing is a bright spot in the U.S. economy right now. Lots of demand for single-family homes (trend was occurring already but it has rapidly accelerated.)
Danielle Sanderson
03:21:08
In the UK, the Chancellor has removed stamp duty from houses costing less than £500k. When this is stopped in March, house prices are predicted to fall dramatically (14% has been mentioned)
Annette Kämpf-Dern
03:21:38
In Germany, the game changer to overheated residential demand in cities is more flexible office work, allowing working from home and not being required to travel to the inner city every day.
Sara Wilkinson
03:21:41
Good point Neville
Bernadette Gitari
03:21:47
The customer is the most affected by Corvid hence we need to understand how that affects the real estate market
Sara Wilkinson
03:22:28
Lots of opportunities for research in adaptive reuse :)
sarah sayce
03:23:23
Do the panellists see that office demand may change towards co-working/flexible space to suit people coming in to office only a couple of days a week?
Kwan Ok Lee
03:25:31
so it seems that we see more decrease in housing prices in markets in Europe, Australia and US than in Asian and Africa
Nicola Livingstone
03:25:43
I think flex office space is going to be a big influence. I'd be interested to hear how flex space has developed in other cities globally - we've seen a big increase in the key / capital cities in the UK in the last five years or so, and not just the type of the 'WeWork' model... but incubator spaces for creative industries as well. There seems to be a big spectrum of opportunities for change - in terms of the direction and type of adjustments...
Pernille Christensen
03:26:02
There is a researcher from Texas A&M that has been researching shrinking cities for years and won several major awards for his research.
Paula Munger
03:26:39
Rents are decreasing in US (market-dependent, of course) but housing prices are still increasing.
Neville Hurst
03:27:23
It sounds like pressure will come to bear upon municipalities to re-think their urban planning regs and strategic aims
Georgia Warren-Myeres
03:27:25
CBRE released a report on sub lease vacancy which was massive during GFC and its rising now! and this time being reported!
Georgia Warren-Myeres
03:27:34
(Australia)
Georgia Warren-Myeres
03:27:53
yeah sub lease vacancy is not reported in official vacancy
Bernadette Gitari
03:28:09
Co-working and working from home will be the future In Africa the time it takes to get to the office due to poor infrastructure and traffic jams will make home-working more attractive in the future hence reducing demand for office space Also with social distancing which means more office space more rent will also encourage home working
Modupe Omirin
03:29:12
I want to commend this initiative and opportunity to share views from different parts of the world. Kudos to the organizers. In my view though, we cannot rely too much on conjectures or immediate observations to draw conclusions on market reactions to Covid 19 even at this time. Real estate markets are characteristically slow in adjusting to signals. Although short term changes are noticeable the need for trend analysis over the longer term seems critical across board. GWIRE will do well to sponsor / encourage research into actual market behaviour across sectoral as well as geographical areas over time and consider a follow up networking session later on.
Dawah Lulu Magembe-Mushi
03:29:12
True that, Bernadette!!
Kimberly Winson-Geideman
03:30:30
Thanks Modupe- Great suggestions!
Georgia Warren-Myeres
03:30:52
agree Modupe!
sarah sayce
03:31:01
IKEA and John Lewis are both offering leased furniture solutions due to rising speed at which tenants change
sesame moroka
03:32:14
I am still not clear on what HARD ASSEET means
Ayşen Sanbur
03:32:35
Thanks Moupe, nice 5C.s idea :)
Bernadette Gitari
03:33:42
Each market will react differently post corvid hence i agree a market/sector focused research would be a great idea
Danielle Sanderson
03:35:08
A couple of my recently published papers (with Dustin Read) are all about customer-focus in property ownership & management. It's what I have been working on for 20 years
Annette Kämpf-Dern
03:35:31
But who is going to pay for the research? Huge problem - at least in Germany.
Elaine Worzala
03:37:15
Karen and Annette are right...my son and daughter are comp sci majors and they are in high demand right out of college.
Elaine Worzala
03:37:36
Thanks, Danielle!
Velma Zahirovic-Herbert
03:37:56
same here--my son is a data scientist and brought his SF salary to Atlanta
Elaine Worzala
03:38:24
Hard asset is the actual buildings...not securitized investments. we use to call it direct investment in the US.
Prisca Simbanegavi
03:38:33
because of covid 19, ome leases have become month on month basis. what is your come to everything, risk, value, management
Bernadette Gitari
03:38:38
Collaborations was mentioned and i think collaboration in research might be the way to go
Prisca Simbanegavi
03:39:06
omment
Velma Zahirovic-Herbert
03:39:10
what have we learned from the past--how did RE market do after the 1918 flu
Danielle Sanderson
03:39:50
Apparently many people's eyesight has deteriorated during lockdown
Mariya Letdin
03:40:26
I would love to propose a collaborative data availability initiative
karen gibler
03:40:45
Velma, I see an interesting historical research project.
Georgia Warren-Myeres
03:40:46
yep I’d agree with that - the eye strain is massive!
Velma Zahirovic-Herbert
03:40:53
we would love to hear it Mariya
Kimberly Winson-Geideman
03:41:46
Tilda is representing you well, Catherine!
karen gibler
03:42:15
CWIRE2 is offering its LinkedIn Group to start getting women connected for collaboration. Possibly expand to GWIRE.
Dawah Lulu Magembe-Mushi
03:42:42
Great!
sarah sayce
03:43:40
Karen G - this sounds a good idea - collaboration is essential. This session has been really interesting but should only be the start of the conversation. Well done to the organisers.
Su Yeon JUNG
03:44:01
Karen. It's great Idea.
Elaine Worzala
03:44:15
It will be interesting to see how demographics factor in to how individuals respond to going back to the office place. Seems like younger people...including those with young children are much more interested in returning then us older people that are enjoying no commute, no politics and the additional free time associated with working from home.
Modupe Omirin
03:45:13
Very good point Sarah Sayce
Modupe Omirin
03:46:21
and Karen G.
Kwan Ok Lee
03:46:39
Those who are less sensitive to infection appear to be people in the age of 30-40
Kwan Ok Lee
03:47:02
these are people how reduced mobility least during the pandemic
Elaine Worzala
03:48:45
Yes...they do not fear the disease as much as they often are asymptomatic. Of course, they are also more interested in "having fun" and being social...but as one goes through the lifespan your needs and priorities shift. Hence the need for market research...segmented research...
Pernille Christensen
03:49:09
Please join us for collaboration and networking at: Connecting Women in Real Estate Research & Education [C-Wi(RE)2]
Pernille Christensen
03:49:16
https://www.linkedin.com/groups/10429488/
Danielle Sanderson
03:49:38
They do still seem susceptible to "long Covid" even if not to death.
Georgia Warren-Myeres
03:50:23
thank you everyone - fantastic to see such an amazing group get together and look forward to further discussions
Elaine Worzala
03:50:33
Agreed, Danielle. In my mind they are not being wise but...its actually the 20-30 year olds too.
Georgia Warren-Myeres
03:50:47
(maybe not so late at night!) good night and thank you to the organisers!
Cláudia Affonso
03:50:56
Done Pernille ;)
Bernadette Gitari
03:51:48
Is it possible to include investments in agriculture or rural investments in Africa an area that does not feature in many discussions on real estate
Rachael Mirembe
03:52:51
good one bernadette
karen gibler
03:52:58
Retirement housing as repurpose?
Victoria Nannozi
03:53:39
Wonderful discussion, very informative,...glad to have been part of this. Victoria-Association of Real Estate Agents Uganda
karen gibler
03:53:39
Late for you, Georgia; early for us.
Karen Sieracki
03:56:40
Great to see you all!!!
Karen Sieracki
03:56:48
Need to go now.
Kwan Ok Lee
03:56:59
retirement housing is a very good potential!
Karen Sieracki
03:57:07
Many thanks to you all!!
Elaine Worzala
03:57:13
Thank you all for coming. Really wonderful to see this kind of turnout. Thanks to the IRES board for organizing this.
Danielle Sanderson
03:57:35
Many thanks to all the panellists and organisers!
Kwan Ok Lee
03:57:49
great seeing you all and thank you for exchanging interesting ideas!
Agnieszka Jonsson
03:57:53
Thank you all. This was superb meeting.
Nelly Mwango
03:58:01
This has been a great session for me, hope to follow more of such in future. I have to get back into another physical workshop
sarah sayce
03:58:05
well done all - cheers
Tiffany Hutcheson
03:58:16
Thanks for a great session. I am exhausted after 6 hours of live Zoom lecturing today so I think I need to go to bed. I am looking forward to attending more of these.
Pernille Christensen
03:58:20
For those that didn't see the earlier post, please join us for continued collaboration and networking at: Connecting Women in Real Estate Research & Education [C-Wi(RE)2]https://www.linkedin.com/groups/10429488/
Mariya Letdin
03:58:21
So happy to be a part of this excellent meeting. thank you all!!!
Nicola Livingstone
03:58:26
Great discussion - it worked really well and there is clearly a lot to be done!
Bernadette Gitari
03:58:35
This was my first virtual meeting with GWIRE thanks ladies for organizing this let us keep it up
Kwan Ok Lee
03:58:39
thank you so much for the organizers!
Rachael Mirembe
03:58:46
Enjoyed every bit. Thank you Ladies. It was a great success.
Cornelia Agyenim-Boateng
03:58:52
Great discussion. Thank you
Okwuchi Juliet Akalemeaku
03:59:15
Thanks everyone. I enjoyed it
Ayşen Sanbur
03:59:30
Great to be here, thanks irebs, great speakers and all - Love to all :)