Property Investor Show London a wash out
The Property Investor Show came to London over the weekend and I must say, the turn out was shocking...
Myself and a colleague visited the Property Investor Show on Friday. It was billed as the biggest landlord and buy to let show in the UK and after seeing the turn out for ourselves it has to be said, if this was the biggest I'd hate to see one of the small shows.
There were around 130 exibitors - down from the usual 250-350. The aisles were predominently empty. A stark contrast on last years show when the whole event seemed to have a nice buzz. There were certainly plenty of people walking around inside and outside the venue.
However, the main shock of all was that almost every company was selling overseas property. Traditionally this show has targetted landlords and investors in the UK, whom generally like to expand on their UK interests as opposed to forgeign alternatives. Dissapointing then to see a show which focuses it's promotional campaign on attracting UK landlords to be populated by Brazilian condo investment companies and the like.
Okay, I understand that the show was partnered with OPP (Overseas Property Professional) but I can't help but feel that landlords arriving at the event would have had the same feelings as me. The clear lack of interest from landlord and UK property firms was bolstered by masses of overseas property agents. The Property Investor Show? I would say a more accurate title would be The Overseas Property Investment Exhibition.
But why such a wash-out? Well, 'new-business' is hard to come by if you operate in the landlord and investment markets and hard to get financing for if you are a landlord or investor. Diversifying portfolios is just not that easy anymore - in fact, it's darn right hard.
Visitors numbers to our site (LandlordExpert.co.uk) have been consistent over the past 12 months. We have even experienced an increase in activity over the past 8 weeks. Landlords and investors are still very active, but are more interested in improving their current situation rather than adding to it with more property - whether overseas, or not.
As one exibitor said to me at the show when I asked him why it was so quiet - "there just isn't a real need to be in attendance at a show like this anymore. More people source their information online and it's cheaper and saves time". It certainly offers one explaination.
Dean Evans - for the TLA weekly Blog
If LandlordExpert.co.uk was to be compared with an exhibition, we would have more than 1 million visitors over the course of the year, every exhibitor would be seen by every visitor and nobody would have to move from the comfort of their home or office ;-)
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