BDO Property Advisory Snapshot
10 April 2019
We held our 13th annual Property Advisory Dinner on Thursday 14 March 2019 with over 80 guests across the property advisory sector. Before the dinner, we released a survey to explore the sentiment in the market and here we share our interesting results.
In summary, property advisory leaders remain confident despite on-going challenges and look set to embrace news ways of working and opportunities to invest in technology. Firms who can better understand data and profit generation, and who can work both productively and flexibly, will be better placed to capitalise in a resource constrained environment.
Highlights from our survey include:
- A focus on home-turf expansion and profitable growth superseding revenue and international growth
- Whilst the UK unemployment rate is at its lowest since 1975 (3.9% 1), a scarcity of skilled and available resource prevails and firms are focussing on ensuring that their existing teams are well trained, open to change, operate flexibly and motivated to succeed
- Increasing client demands and the need to improve productivity is driving firms to invest in new technologies (an area of significant under investment in past years). New ways of working are being sought to achieve market differentiation, to drive a premium return to enable re-investment and internally to improve internal processes to clearly identify and analyse what drives profit
- Firms are looking inwards to assess their sustainability and profitability and ensure future independence.
The full analysis of the survey results is available to download below.
If you would like to discuss any of the content in this report or any other business related issue, please do get in touch. For more information on BDO's New Economy campaign and to access our reports please visit our New Economy Microsite.
Previous market snapshots for the property advisory sector:
BDO Property Advisory Snapshot 2018
BDO Property Advisory Snapshot 2017
1 Office for National Statistics