CRE European/UK Job Market
Curious if any European/UK-based folks can comment on the current CRE job market and outlook for the next 6-12 months?
I couldn't find any recent forums about this. I've heard that a bunch of firms are not doing so well and have done quiet layoffs in different scales over the last 6 months. At the same time, a PERE article came out yesterday saying Blackstone is looking to be even more active in Europe in 2024 which implies at least no layoffs. (I know Blackstone is the gold standard, but would not be expecting to hear so much gloom about the European/UK job market otherwise).
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Just to add - from the recent calls with recruiters it seems that they are getting a little more busy in the U.K. Most of the roles are analyst / associate 1 tho. Hopefully it will pick up once the rates will start going down.
From my limited experience, recruiters have been saying for the last 18 months "yes the market is shit but things are picking up". Hope they are right now ..
Do you all think it's solely due to interest rates or rates + other things? I know in North America the slowdown in jobs is 99% due to rates.
Real estate trends are basically all about the rates level
Currently working in the Nordics and looking to lateral. I have found it very hard the last year and it seems that the companies can afford to be picky with candidates.
Work in the Nordics as well, there have been a couple of processes in my country but nothing too great
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