MIPIM 2022 (21 MB)
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Positions & Opinions<br />
1<br />
Very optimistic, and this is not based just on a „gut feeling“, but on facts and market<br />
analyses. Despite the high production of new space, we are consistently able to utilize<br />
our projects quite quickly and on good terms - and as far as we can see, many of our<br />
competitors also manage to do so. Every additional month we are forced to struggle<br />
with Covid-19, homes that meet our own standards are taking on a higher status with<br />
people and that‘s reflected in demand, both quantitatively and qualitatively. So it‘s very<br />
obvious to me that housing will continue to be the top favorite among investors in <strong>2022</strong>.<br />
Andreas Holler,<br />
Buwog Group<br />
2<br />
As far as BUWOG is concerned, I see ESG in a very positive light: sustainability has been<br />
a vital issue for us for years, and the vast majority of what ESG requires in residential<br />
construction is therefore already met by our development projects anyway. If what we<br />
already do voluntarily becomes an externally given standard, it tends to improve our<br />
competitive situation.<br />
Covid-19 may negatively affect in those submarkets where there is a risk of usage<br />
restrictions and possibly rent defaults as a result, for example in retail properties. But this<br />
is hardly conceivable in the case of residential properties.<br />
3<br />
I don‘t see any rationale for a change in risk assessment In the housing market.<br />
Interest rates will rise at some point if inflation remains high, but the current<br />
situation with negative real interest rates will not change for quite a long time.<br />
4<br />
I would like to answer this for the residential<br />
sector: Sustainability, cost management,<br />
securing suitable land - and as always, the<br />
issues are interrelated. We need to realize<br />
even more sustainable projects - key words:<br />
resource conservation, sealing of the soil<br />
surface, social sustainability. Nevertheless,<br />
construction costs must not be allowed to<br />
rise; on the contrary, we must succeed in<br />
bringing construction prices, which have<br />
at times gotten out of hand, back down to a<br />
reasonable level. And we must ensure that<br />
we can continue to build sufficient new<br />
housing in the coming years. Otherwise,<br />
today’s balanced market will quickly turn<br />
into a structural undersupply, as we had<br />
just a few years ago.<br />
5<br />
We currently have a whole range of extraordinary projects under construction, MARINA<br />
TOWER, HELIO Tower, Inside XIX, Kennedy Garden, etc. This is an enormous challenge<br />
and if we continue to make such successful progress on all of them in accordance with<br />
the plans, then we will have every reason to be proud and satisfied.<br />
74 ImmoFokus
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