MIPIM 2022 (21 MB)

1
I am an optimistic person - despite Omikron
- very optimistic. The vaccinations and
increasing immunizations will have their
effect, so the pandemic should also fade
into the background during 2022. Housing
will probably remain the investors‘ favorite
asset class.
3
Karin Fuhrmann,
TPA Steuerberatung
Environmental and pandemic risks will certainly be reflected in risk premiums. The
question of rising interest rates is difficult to answer. Since inflation has recently
increased substantially and is far from the two percent target, it cannot be ruled
out that interest rates will rise moderately if the ECB does not get inflation under
control in some other way.
2
COVID-19 has undoubtedly led to one or the
other lower valuation in 2020. One could
see this especially in the valuation results of
listed companies. Since many companies have
managed the pandemic quite well so far thanks
to government subsidies, this effect will probably
be less pronounced in the 2021 balance sheets
or already eliminated altogether. ESG will
put older properties in particular under some
pressure in the valuations, as the environmental
requirements are not as well represented as in the
case of new buildings, which were already able to
pay particular attention to climate neutrality in
the planning stages. In addition, correspondingly
„green“ properties will be in greater demand from
institutional investors, which will have a positive
impact on value and valuation.
4
Climate neutrality and resource conservation are certainly topics that have recently
moved decidedly into focus and will remain significant. Real estate developers have
already adapted quite well to this. I expect to see a further surge in innovation here.
The question of the workplace after the pandemic will likely still occupy us in 2022 and
demand flexible solutions from employers.
5
Since the topics of ESG and renewable energies
are very close to my heart, I will actively
work to ensure that TPA expands its range of
consulting services even further and that small
and medium-sized companies will also be able
to address this issue at a reasonable cost.
MIPIM | 2022
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