October 2021 – At this year's EXPO REAL in Munich, you can finally once again talk to property experts in person about the most important trends in the industry. There are hot topics aplenty. Hamburg Commercial Bank is, as always, present on site.
After the Evergrande case, what's next for the Chinese market? How might this spill over in terms of other real estate locations? Are people really going back to the office, after working from home for so many months? How will real estate in the retail and hotel sector develop in future? And how are office tower blocks becoming greener and more sustainable?
There won't be a lack of pressing questions when real estate market leaders meet up again in person at the top trade fair EXPO REAL from October 11 to 13. In the Bavarian capital, for three days everything will revolve around the future of commercial and residential real estate at the "International Trade Fair for Real Estate and Investments". Seven forums in seven halls, 119 events, 280 speakers and around 1,200 exhibitors hold the promise of specialist expertise, pure and simple. The property experts at Hamburg Commercial Bank have fixed the dates in their calendars and will be on site. There can be hardly any better opportunity in the world to meet so many project developers, project managers, investors, financiers, real estate consultants and agents, architects and planners, corporate real estate managers or field office representatives from cities and entire economic regions.
Peter Axmann, Head of Real Estate Clients at Hamburg Commercial Bank, is traveling to Munich with a reassuring message: "Germany's commercial real estate market is actually turning out to be astonishingly stable in this second year since the outbreak of the coronavirus pandemic."
Axmann takes a differentiated look at the market: "Winners over the last months have clearly been residential property and foodstuff-dominated retail real estate." Furthermore, in contrast to what many real estate market participants expected at the beginning of the pandemic, office properties in prime locations have been remarkably crisis-proof. However, in his opinion there have also been "clear losers": shopping centers. This is where the cultural shift has really hit home, because people now prefer to shop online. "The trend towards online retail has accelerated during the pandemic." For the hotel sector – hugely affected by the coronavirus pandemic – he expects a slow recovery in terms of real estate prices over the next three years. Axmann is optimistic about domestic vacation hotels. He expects a slightly longer dry spell for conference and business hotels.