MIPIM 2022 (21 MB)

Positions & Opinions
1
I am basically optimistic about the year, despite possible unforeseen challenges. The
market continues to be highly competitive, and it is not getting easier for any of us.
Residential real estate will continue to be investors‘ favorite. Demand for profitable
retirement housing properties is consistently high. The famous rock-solid savings
book has gained significant popularity. In the meantime, the location and quality of the
property are often more important than the return on investment.
2
COVID-19 in particular has led to a huge upswing in demand. Due to the interest rate
situation, real estate has gained significantly in popularity. I think this will continue.
However, COVID-19 has changed the directions on the type of property. Open space is now
unavoidable, even in the investment housing sector. The ESG issue plays an important
role for any developer and is reflected for the customer in sustainable amenities in the
building and the apartment, as well as increased social offerings in the residential estates.
4
Marija Marjanovic,
Wiener Privatbank
3
Environmental and pandemic risks have already been priced into market rates for some
time, but I fear that sooner or later, we will see a rise in interest rates. Real yields fell
further into negative territory globally last year. This is a situation that will probably be
with us for a little longer because it is precisely the high level of government debt that is
currently preventing the central banks from loosening their interest rate restrictions in
order to be able to counteract inflation at least somewhat. However, the line of reasoning
of the respective monetary authorities is already beginning to differ. While in the US the
free market is to be met via upcoming interest rate hikes, the ECB is keeping to its course
of supply tightening. The reason for this lies in the different expectations regarding
the duration of the rise in inflation. A rise in interest rates would entail a whole slew of
consequences, such as higher borrowing costs, higher interest rates on other forms of
investment, and much more.
Current topics will continue to be
sustainability in construction and also
the possible tokenization of real estate.
The topic of sustainability has been with
us for some time now and will become
significantly more important in the
coming years. Many investors already
expect sustainable construction from the
developer and otherwise do not take up the
property if this is not given. Tokenization
opens up a new sales field that can appeal
to a broader mass. A great opportunity,
even if not possible for every company.
5
Wiener Privatbank SE is a dynamic specialist bank with a clear focus on real estate and capital market expertise. We are a leader in innovative
real estate products (direct investments and bonds), sell a large number of investment apartments per year and have a high level of expertise in
the residential real estate market in the greater Vienna area. This gives our customers access to one of the most stable and interesting forms of
investment on the market.
My goal is to cooperate increasingly with property developers. Our services range from project financing, brokerage and asset management to
property management – everything under one roof. Once we have found a suitable project, we take care of selling the apartments, as investment
apartments or for owner-occupiers among our customers and cooperation partners. As a bank, we are also able to issue a buyer‘s guarantee for
residential projects.
78 ImmoFokus