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| Expo Real 2022: real estate industry at a turning point  The attendance at Expo Real, held from October 4 to 6, 2022, in Munich, Germany, almost reached pre-coronavirus levels: the exhibition grew by almost 60 percent compared to the previous year.Yet again, all exhibition sectors have grown significantly: the residential and office real estate, hotel, logistics and retail asset classes; the international joint pavilions as well as those of the regions and cities, start-ups and technology providers. Key topics at the show included rising prices and inflation, interest rate policy, ESG requirements, the creation of affordable housing, and the overall economic situation. Focus on future scenarios What general conditions will the real estate industry have to deal with? Commerzbank's chief economist, Dr. Jörg Krämer, shared his views, expecting inflation to remain well above two percent for many years to come, key interest rates to rise to a historically moderate three percent, a recession—but no collapse in the labor market as labor shortages and demographic changes continue—meaning that demand for residential real estate, for example, will remain. Expo Real 2022: the figures Comparison with 2019, as 2021 was an exceptional year due to the pandemic: Almost 40,000 visitors from 73 countries (2019: 46,747 / 76) came to Munich to attend Expo Real. The total number of participants was divided into around 19,500 trade visitors (2019: 22,065) and 20,456 company representatives (2019: 24,682). The 1,887 exhibitors came from 33 countries (2019: 2,189 / 44). The next edition will take place from October 4 to 6, 2023. write your comments about the article :: © 2022 Construction News :: home page |