Global Real Estate Trends and Updates for 2021 !!

 Sousou Partners is a boutique executive search firm with international experience specializing in human capital strategy and talent acquisition. Our focuses include real estate, energy, talent acquisition, private equity, and more.For any firm, finding and recruiting the best talent is crucial to long-term success. Not only does this drive competitive advantage in the industry, but it is also a determining factor in a firm’s overall culture. Executive recruiting firms help clients identify the right, highly qualified candidates to build teams or fill specific roles. Finding the right talent is crucial for any industry; search firms help to locate and recruit the best talent for whatever role you are looking for.

A Market in Recovery? It appears so. In the midst of the craziness of 2020, we saw a market that was slow to hire and an environment where most clients were trimming down employee numbers. In 2020, only 19% of headhunting firms expected to see revenues increase. However, that number is up to 72% in 2021. Digital Executive Search. During the height of the COVID-19 pandemic, clients and firms turned to digital solutions in most areas of business. It makes sense – at a time when it was truly not safe to operate in-person, why wouldn’t you focus on digital/cloud-based solutions? Following the trends, firms have begun relying more and more on automated recruitment systems that are less personal but more in-depth on client research. This will be an interesting trend to follow in the years to come. Remote Work is Changing the Game. As COVID-19 has caused companies to adapt and evolve in most aspects of their work, the reality of working remotely has pushed companies to look further geographically at overseas talent pools to fill positions and teams. While this can open up more possibilities when it comes to talent acquisition, it can also cause headaches for firms looking to establish a culture and management positions when employment typically will not meet each other in person.

As we recover from the world’s largest pandemic: Most search efforts regaining speed, are coming from financially healthy companies; That were able to weather the storm of the past year. As the market grows for executive recruiting companies again; There is a large shift in exactly what clients are looking for. Now looking into 2021, companies that might have once considered someone with great personal skills; Now might look for an executive that is technologically savvy. Although we continue to see growth in the market, a lot of these changes are here to stay.

What is Executive Search? At Sousou Partners, we believe our job in executive recruiting is to work alongside our partners to identify top-tier talent from around the world to fit the needs and meet the expectations of our clients. We seek to understand your story and motivation behind hiring and work to analyze every aspect of what might make or break a candidate during the search. As a boutique firm, our process is tailored and flexible to each client – however different they may be.

Why Global Experience Matters? Going hand-in-hand with an increase in remote work and digital recruiting, global experience in executive search is crucial when it comes to finding the right personnel for clients.  At SP, we take pride in our worldwide scope. Being globally experienced allows us to analyze and understand the intricacies of our clients’ industries while also providing reports on trends and compensation levels.With a global approach, we can be sure that we are finding and recruiting the absolute best candidates for our clients. Rather than relying on a limited scope in a single country, we are able to leverage our international relationships to ensure the highest-quality candidates.

Before the pandemic, the residential real estate market leaned heavily toward sellers; With low inventory causing prices to go up, and most homes to have multiple offers before going under contract. Because of the essential nature of residential properties, demand is typically high. Though there was a brief slowdown in 2021, we are now back to high demand and low inventory; Beyond the levels, we saw pre-pandemic.The commercial and hospitality industries have suffered the hardest hit when it comes to coping with the effects of COVID-19. With social distancing measures, travel restrictions, capacity restrictions; Customers not feeling safe going in public, these industries have seen the biggest decline in business. As we see more spaces opening up to the public, it is no question that the recovery in the retail and hospitality sectors; Will be slow, and (hopefully) steady.

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