Focus on sustainability, AI and the situation on the property markets
Variety of topics at the HypZert Annual Convention 2024
Is the atmosphere more optimistic than the circumstances? Visitors to HypZert GmbH's Annual Convention in Wiesbaden could certainly get that impression. Property prices and transaction numbers may have fallen significantly recently after a very long period of highs, but there were few worried faces to be seen at the industry meeting for property valuers in the German financial sector. Around 1,800 certified valuers and other industry representatives from Germany and abroad exchanged views in numerous specialist seminars and discussion panels in the Hessian state capital or via online stream.
Besides current developments on the property markets, the dominant topics were advancing digitalisation and artificial intelligence as well as sustainability in many facets. The convention was opened by Nina Babic, Deputy Chairwoman of the Supervisory Board of HypZert and member of the Management Board of Wiesbaden-based Aareal Bank AG. In her conclusion, Babic emphasised that HypZert and its valuers represent the "state of the art" in property valuation and thanked the valuers for their work in a challenging environment.
Reiner Lux and Tanja Reiß, both Managing Directors of HypZert, presented new publications from the HypZert Professional Groups as well as helpful tools to support the work of certified valuers, for example for assessing sustainability criteria.
Property valuation industry meets in Wiesbaden
Jörg Quentin, Managing Director and Head of Property Analysis and Valuation at Deutsche Pfandbriefbank (pbb) and Chairman of the vdp Valuation Committee, addressed the particular challenges facing the financial sector in the current difficult market environment - keywords: interest rate shock, new work/home office trend, sustainability, data (security), digitalisation/AI. Quentin urged confidence in the important task of valuers, whose expertise is an essential basis for the risk management of financiers and thus for the property market and the economy as a whole.
Andreas Kunert, Head of Property Market Research at vdpResearch GmbH, presented current developments on the property markets in Germany on the second day of the seminar. The fact that all submarkets are currently experiencing turbulent times was also the tenor of other specialist presentations and discussions on the retail, hotel, care facilities, office, residential and logistics property segments.
The so-called Heating Act has been the subject of controversial and sometimes more emotional than matter-of-fact debate in recent months. A lively panel discussion shed light on the expectations of the property sector in this regard. In addition, Matthias Fischer, Senior Manager Valuation at the vdp, explained the implications of the new EU Energy Performance of Buildings Directive (EPBD). The presentation by Reiner Nagel from the Federal Foundation for Building Culture on urban transformation in terms of sustainable urban planning offered a broader perspective on the topic of sustainability.
The convention participants also received comprehensive information on legal and regulatory developments. Annett Wünsche, vdp Head of Valuation, explained changes resulting from the MaRisk amendment 2023 and the expected introduction of a so-called "property value" as an additional secure value.
The Annual Convention was rounded off by brief presentations of innovative services for the valuation profession and informative discussions at the numerous exhibitor stands.
As usual, you will find the presentation slides of all presentations in your Valuers Corner library. There are also some photographic impressions in the Valuers Corner.
Once again, we would like to thank all the speakers and especially the members of our Professional Groups, who made a significant contribution to the success of the Annual Convention. See you next year in Hamburg!
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