The annual real estate event in Munich attracted around 20,000 decision-makers from more than 50 countries. The participants represent the entire value chain of the industry, but the agenda of our own team was naturally focused on meetings with investors and financiers. Right now, the market sentiment could be described as euphoric, apathetic – or as anything in between. Everything depends on the time frame.
SHORT-TERM CONFUSION
Right now, decision-makers are facing a multitude of problems like unpredictable interest rates, inflation, Russia and exploding gas pipelines. Many investors admitted, that on short term, taking a wait-and-see approach was the only viable alternative. Or as someone jokingly put it, “why don’t we just go on vacation for the rest of 2022?”
BUT 2023 WILL SOON BE HERE
It also became clear that most investors are expecting the business to pick up significantly during spring already. Halted projects will soon recommence, and the changed economic situation will also open completely new business opportunities in 2023. The long-term real estate investment outlook was also perceived to be clearly positive.
