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Smart Real Estate: What does the future of real estate look like?

3 May 2018 | By:
Dr. Kerstin Hennig
This was the topic for discussion at the 19th EBS Real Estate Congress

Which features do town, market and office of the future need? And how much digitisation makes sense at all? This was the question the real estate experts were discussing at the 19th EBS Real Estate Congress under the title “Smart Real Estate: the future of real estate”. On April 20, 2018, the who’s who of the real estate business met at the EBS Universität to discuss every aspect of the topic intelligent systems in the real estate sector.

On that warm, sunny day, the EBS Campus Schloss was teeming with visitors to the fair and the various panel discussions. Around 350 visitors came to the EBS Real Estate Congress to learn about the latest developments on the real estate market. In her opening speech, Dr. Kerstin Hennig, Head of the EBS Real Estate Management Institute (REMI), illustrated why it is so important that especially the property sector should be taking an in-depth look at future developments. “It’s not just about the future of real estate. Mega trends such as urbanisation, digitisation, mobility, connectivity and security – too name but a few – will be the driving forces over the next decades and will impact and change all areas of our lives. Cities, working and living areas will change, traditional boundaries between living and working will become blurred.” According to Hennig, the question whether e-taxis and velocopters will replace traditional modes of transport and our parcels will be delivered by drones impacts urban planning and ultimately also our values. The classic office with a location- and time-bound workplace will have to face the challenge of a new global, creative and in every respect flexible working world, says the proven real estate expert.

During the four lively panel discussions, similar questions were the subject of debate. For example, under the motto “Smart Stadt (Smart City), real estate experts, specialist lawyers and public officials discussed urban visions for the future. They talked about every aspect of living and working in the city of tomorrow, from digital traffic management systems to the sustainable office, however still in a very down-to-earth manner. Participants across all age groups agreed that digitisation only makes sense if a process can also run smoothly in analogue form. For example, installing expensive sensors to make one’s own home smart or to direct traffic flow will only establish itself when people recognise its added value, according to the experts.

The congress, organised by students, was rounded off by a trade fair with company representatives from A for Art-Invest Real Estate Management to W for »Wohnungshelden« (“home heroes”). Both chairpeople of the student organisation “EBS Real Estate Congress”, Kyle Cooper and Simon Dietsche, explained what is special about this event: “We offer not only students but also professionals an eventful experience. In interviews, workshops and at the career fair, the companies have direct contact to tomorrow’s highly motivated specialists and can talk to them about current topics during informative and interesting presentations and panel discussions.” Jan Mutl, Professor of Real Estate Economics at the EBS was particularly proud of the student organisation’s performance: “I am always very pleased to see the development of these young people, who organise this entire congress during their 2nd semester - a feat in itself. The project not only offers them practical training in management skills but also a huge amount of both financial and operational responsibility”. So, there will be no lack of well-trained young people in this sector.

More on: http://ebs-immobilienkongress.de/

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