What will you new role with Foundation Recruitment entail?
My new role as Director of Business Services with Foundation Recruitment is a very exciting one and one that is three fold including:
Give us a brief overview of your career to date:
My interest and exposure to property has been throughout my life, my father had a career in construction and my brother is a Surveyor so it seemed a natural decision to work in someway within the property industry. My career in property started at the Estates Gazette, too many years ago to admit to. Working within the recruitment advertising team I started to build strong relationships with human resource professionals and hiring managers across a diversity of businesses within the property industry. After three and half years I was looking for a new challenge and started my career within property recruitment working for one of the niche property recruitment consultancies, within their General Practice team in London. Working on behalf of a diverse range of clients particularly fund managers, property companies and private equity groups. I quickly progressed to managing the London General Practice team before leaving to relocate to the North West. As a Director of Foundation Recruitment I am now at the forefront of our business development activities and provide a senior point of contact for clients and candidates alike as well as looking at opportunities to work with clients across all of our business streams.
What are your thoughts on the current state of play within the London property market?
There is certainly an air of positivity around currently, and at the start of 2014 there is definitively a desire to see growth this year with an increase in the number of transactions than we have seen recently. Clients are now looking to start bolstering their teams again and plans for 2014 are ones that are involving recruitment growth not just looking to replace when individuals move on. This recession has been longer and deeper than anyone could have imagined but it is refreshing to hear the more positive sentiment. There is an increased amount of competition for strong assets and high calibre candidates alike. So with the increased levels of transactions, tenant demand, albeit steady increases and increased competition the tide definitively seems to have turned for the positive.
With the RICS capital value has seen the last two quarters have a positive net balance and the IPD capital values data for Q3 2013 recorded the highest quarterly growth rate since 2010 so it looks like there has been a return to positive growth rather than retraction. There is obviously still an element of caution but the positive comments now seem to be outweighing the negatives.
This positive sentiment translates through to recruitment, we have seen an increase generally in the number of vacancies which includes the transaction based opportunities (something that we did not see for sometime) but also candidates having a number of opportunities to consider at any one time as well as individuals been counter offered by their current firms once they have handed in their notice. As much as this can be a frustration for employers so it a definite sign that people are feeling more buoyed by the market that they have the confidence to explore new opportunities and that there are a number of prospective employers.