Das Karriere-Portal der TGISC Das Karriere-Portal der TGISC

Economic growth at only 1.5 percent.

Portfolio sales at top prices,
interest rates at rock-bottom.

The THOMSEN GROUP’s research findings about the future of retail, hotel, living and office real estate received the focus of attention: At ExpoReal 2014 the THOMSEN GROUP was represented by Simone Thomsen, Head of Corporate Development (CVO) and Christian Kettritz, Vice President (COO).

 

ExpoReal just closed its gates. The international real estate and investments convention with 1,655 exhibitors from 34 countries attracted a total of 36,000 visitors. Our consultancy services were in great demand. Find out more about what our Munich Team has to report.


For many years the industry knowledge of the THOMSEN GROUP has been appreciated at ExpoReal. Therefore, the consultancy has been asked to be present for expert talks even on the weekend prior to the official opening of the convention. In the past, it was uncommon that many events took place in that time frame. This year, the entire weekend prior was dominated by ExpoReal. As every year, the last days of the popular Oktoberfest overlap with the convention. Despite many visible hangovers, ExpoReal started out really busy, right after the trade fair opened its gates. As usual an increasing number of visitors departed already on Wednesday, the last day of the convention, which is not different to the friday at MIPIM in Cannes.

This year once again, the atmosphere throughout the convention was really positive, not to say: too positive. The positive vibe revealed: there is no lack of funds, but there is a lack of real estate ready to change hands. Therefore, some owners ask themselves: “why cash in on a project if only two choices after the transaction are at hand: either the new projects are too expensive, or an effectively negative interest has to be covered.”

The cap on rents for private property, which was recently announced by the German government was a widely discussed topic as well. The new legislation states that landlords have to comply to a certain financial framework in regards to the maximum amount of rent they can ask from their tenants starting in 2015. In detail it means, that in densely populated areas, where a high demand for residential units is present, the rent cannot exceed ten percent above the general rent index for the respective region. Newly built untis are excluded from this new initiave by the government.

However, those newly constructed residential portfolios were in particular focus at ExpoReal. Considering the actual willingness to pay premium prices combined with the given growth projection for 2015 limited to 1,5 percent for German economy by the International Monetary Fund, IMF, it is not surprising that visitors and exhibitors at ExpoReal were slightly concerned about future developments, despite of the positive vibe of the convention. Therefore, the THOMSEN GROUP’s research findings about the future of retail, hotel, living and office were often the focus of attention.

Chairman's corner.

Innovation with practical proof.

 

The innowait system in detail.
Our services

Call now: +49 40 66 90 90 80
xing kununu linkedIn facebook youtube Google+ twitter