MIPIM 2023 Digital Edition

Investing in Austria
1
The year 2023 will certainly be a very exciting year for the investment market due to
the many challenges. Nevertheless, we are optimistic about the year, as challenging
times always offer opportunities that need to be identified and exploited. With regard
to the question of the most popular asset class in 2023, it is still too early to venture a
forecast here. At the moment, many investors are focusing on asset classes that have
fundamentally strong demand from occupiers, such as residential, logistics and prime
offices.
2
3
Markus Mendel,
EHL Investment Consulting
The end of the ECB’s zero interest rate policy, which
was initiated in the middle of last year due to the sharp
rise in inflation, and the gradual interest rate increases
that have continued to this day are certainly the biggest
challenges that will demand quite a bit from market
participants. In addition, high construction costs, supply
bottlenecks, high energy prices and a very cautious
financing environment on the part of banks continue to
exacerbate the situation.
One thing is clear in any case, simply turning back the wheel is not possible!
It is necessary to find new ways to cope with the current situation and still be
successful on the market. This will certainly pose a great challenge to one or
the other market participant, but those who are financially sound and use the
available potential will be able to dive through the existing trough. When there
is clarity again regarding the interest rate situation on the capital markets, the
currently prevailing restraint of investors will ease, and the market will settle at
a new level.
4
The further development of the interest rate
landscape, all topics around ESG and EU taxonomy
as well as the general inflation, especially in the area
of energy and construction costs are the topics that
have a huge impact on the real estate industry and
will have a positive or negative effect on market
events depending on the development.
5
In such a volatile market phase, it is important to be very close to what is
happening in the market, to identify potential opportunities at an early
stage and to manage risks. It is our goal to continue to expand EHL’s market
leadership in 2023 and to initiate the best possible transactions for our clients.
With our long-standing team of dedicated and well-connected investment
experts, we will certainly succeed in doing so. Therefore, we have already
started the new year with full commitment and a good pinch of optimism.
78 ImmoFokus