MIPIM 2023 Digital Edition

Investing in Austria
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Staying power in
times of uncertainty
Markus Mendel
ehl.at
ehl.at
ehl.at
A
t the MIPIM 2022, it was not
a great topic of conversation
just yet. In fact, few people
gave it a second thought.
After all, everyone was just happy to be back
in Cannes after a year‘s break due to Covid.
Frankly, it didn‘t come as a complete surprise
- as we all know, it is particularly easy to be
wise after the event - but on the other side of
the Atlantic, the Federal Reserve had already
sent out signals to this effect in 2021. We are
talking about the interest rate turnaround
initiated by the ECB last summer, with several
steps in quick succession. It left hardly a
stone unturned in the real estate sector.
The state of shock in the real estate investment
market, which has set in across Europe
since the summer of 2022, is only slowly beginning
to dissipate. The repricing process
is still underway, and there continues to be a
significant gap in the price expectations between
the sellers and the buyers. Particularly
in an environment characterized by question
marks and uncertainties, industry events
such as MIPIM are particularly importance.
Here we have the unique opportunity to get
together, to sound out what is possible, to
establish or maintain contacts and possibly
even to initiate deals. It is not without good
reason that the MIPIM is considered the
world’s leading real estate exhibition.
As the most relevant domestic medium for
real estate investments, ImmoFokus continues
to be present at MIPIM, of course. With
this publication, we would like to take the opportunity
to introduce ourselves to the new
participants and naturally to accompany old
acquaintances once again during their rewarding
stay in the South of France.
The special edition of ImmoFokus on the
occasion of MIPIM 2023 has a lot to offer in
any case: In a short report, we inform about
the latest developments on the Austrian real
estate investment market and venture an
outlook for the rest of 2023. We have asked
real estate investment experts on page XX for
an even closer look into the future. And in a
very personal cover interview, Markus Mendel
gives us a glimpse into his daily routine as
an investment broker at market leader EHL
Investment Consulting.
Michael Neubauer
Herausgeber
08 ImmoFokus