More than 200 property professionals from across Ireland and overseas gathered in Waterford on Thursday, June 11th for the inaugural Real Estate Agency Summit, a landmark event focused on the future of estate agency, industry innovation and the evolving Irish property market.
The summit brought together estate agents, auctioneers, property professionals, industry leaders and technology providers for a day of discussion and learning, making it one of the most significant new events to emerge for the Irish property sector in recent years.
A major highlight of the event was the first Irish speaking appearance by internationally renowned real estate expert Tom Panos, one of the most influential figures in global estate agency. Addressing delegates, Panos shared insights into changing market conditions and the skills estate agents will need to remain competitive in the years ahead.
“What the Irish market has had over the past number of years is not a normal market. Covid created a property boom, but that boom will come to an end. Over the next three years, rising interest rates, inflation and global conflict will create headwinds for the property sector,” Tom Panos said.
Panos also stressed the importance of strong client relationships and business development within the profession.
“Irish estate agents need to become better at vendor management and far more consistent at prospecting, if they are going to thrive in the next phase of the market cycle.”
FUTURE CHALLENGES
Throughout the day, delegates heard from leading industry experts on topics including leadership, sales performance, buyer representation, business growth, technology adoption and changing consumer expectations.
The summit comes at an important time for the Irish property market as the industry continues to navigate supply constraints, affordability challenges and shifting economic conditions, while demand for housing remains strong across much of the country.
A panel discussion examining the outlook for the Irish property market also took place, with speakers discussing current market trends, future challenges and opportunities facing the sector. The summit featured a range of exhibitors and industry partners showcasing products and services designed to support the next generation of estate agency practice.
Organisers have described the inaugural event as a major success and are already exploring plans for future editions following strong interest from delegates, sponsors and industry stakeholders.
