This year, the Concord Real Estate team attended the EXPO Real fair in Munich, and according to them, the experience was more than positive. As is often the case at events like this, new connections, knowledge, and collaborations were formed.
“Considering all of this, we are very satisfied. The most notable observation was the openness and willingness of everyone at the fair to share their insights and expertise. We were also pleasantly surprised by the strong focus on software presentations featuring AI technologies that assist with investments, project execution, cost savings, and energy renewal,” commented Nikola Keković, CEO of Concord Real Estate.
He noted that the purpose of the visit was for the team to better understand whether the European real estate market is recovering and what direction it might take in the near future.
“We also aimed to establish collaborations with foreign agencies because we believe Montenegro presents an excellent investment opportunity in Europe,” Keković emphasized.
The question of “Will it get better?” was evident on the faces of nearly every attendee at EXPO Real, Keković observed. According to him, a sense of cautious optimism prevailed. The real estate market is slowly recovering from challenges such as economic instability and rising interest rates. However, financing remains a key obstacle, particularly given the stricter conditions for obtaining bank loans.
For this reason, Keković believes events like EXPO are of great importance, both for exchanging experiences and sharing valuable information.
“Imagine 40,000 people in one place, all with nearly the same goal. This makes networking and making new contacts much easier. Additionally, by engaging in discussions, attending presentations, forums, and workshops, you gain a clear sense of the trends and movement in the international real estate market.”
Regarding Montenegro’s position in the real estate market, Keković noted that the country is somewhat behind its neighbors, but he views this as an opportunity for growth and learning.
“It is up to us and our colleagues in the industry to influence the market and educate it,” he said.
“Montenegro is a small market, so it is somewhat unique and operates as a separate story. Therefore, I don’t think everything that happens in Europe can be directly applied to Montenegro. Time will tell,” Keković concluded.
