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The use of virtual and augmented reality in the real estate industry is only just beginning. But it has<br />

great potential, especially in the planning and viewing of properties. The change can be seen in the<br />

large number of start-ups offering new technical solutions and innovative business models.<br />

Prices on the real estate market have risen rapidly. The fear of a bubble is largely unfounded, as<br />

there is a high level of equity investment. The boom will continue in attractive cities, although at a<br />

slower pace than before. Investors should therefore become more selective in <strong>2019</strong>.<br />

2<br />

Markus Arnold,<br />

Arnold Real Estate<br />

Societal change and new technologies are, naturally, having a massive impact on the real estate<br />

industry. Digitization is taking place in almost all areas of life, and we are currently intensively<br />

involved in product development. The topic of digital buildings is becoming more and more important<br />

- from the digital twin from the point of view of BIM, to the use of buildings in terms of a fully<br />

digitalised building, especially in the commercial sector. Virtual Reality and Augmented Reality will<br />

soon be indispensable in sales terms.<br />

Walter Hammertinger,<br />

IC Development<br />

2<br />

The high rate of innovation that currently exists in various economic markets means that other<br />

asset classes are rapidly leading to a new upturn in the real estate industry. There are currently<br />

no sustainable signs, neither in the interest rate nor in the demand market, that indicate an end<br />

of the cycle.<br />

Join us at<br />

<strong>MIPIM</strong>, Cannes,<br />

12.–15.3.<strong>2019</strong>,<br />

stand R7.E2<br />

www.erstegroup.com<br />

We believe.<br />

We enable.<br />

City Center one,<br />

Zagreb<br />

Two large shopping centres in Zagreb, “City Center<br />

one East” and “City Center one West”. Leasable area<br />

of more than 95,000 m², fully let. Acquired by a joint<br />

venture between Hystead Limited (90%) and CC Real<br />

(10%) – financed by Erste Group.<br />

Commercial Real Estate Finance –<br />

Your Banking Partner for Central Europe.<br />

Time to believe. Time to invest.<br />

<strong>MIPIM</strong> <strong>2019</strong><br />

53

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