closing words
We will register the transition most acutely in how we build. The ESG criteria and EU taxonomy – both sustainable requirements on environmental protection, social issues, and corporate governance – will place certain standards on us that we will need to fulfil. How- ever, we should mainly be considering ways to bring project development forward in terms of cost structure. We see one such opportunity in modular construction. The year 2023 will give us an opportunity to start planning much earlier and increase the depth of planning, as well as to go into further depth on consid- erations and approaches towards a circular economy. This in particular is a factor of which we in the real estate industry have not taken enough heed, a topic that still offers plenty of potential. We are optimistic that the year will serve as an opportunity for us even with all the challenges it presents. We will need to use the time well and hopefully start again at full speed by the end of the year at the latest with absolutely state-of-the-art projects in terms of sustain- ability, energy efficiency, and compliance with current requirements for living standards. We are optimistic that the year will serve as an oppor- tunity for us even with all the challenges it presents.
As we always do at the end of each issue of our Residential Market Report, we at BUWOG and EHL Immobilien would like to take a peek at what to expect on the Viennese housing market in 2023. We forecast a balanced relationship between supply and demand in last year’s report, em- phasising that our view of the future would not include any unforeseen events – and there have definitely been some in 2022 with an impact on the current year and beyond. This should not cause undue concern as 2023 will also offer many opportunities to take a critical look at processes, projects, and strategies, and improve them wherever necessary. The year 2023 will start a kind of transformation process in many different avenues. We will increasingly see new concepts being established over the course of the year, con- cepts corresponding even more closely to new requirements from target groups – buzzwords such as the 15-minute city as well as assisted living and accessible housing already point in the right direction.
Powered by FlippingBook