December 10, 2012

Changes in the Austrian real estate sector

A review of the last two decades and outlook in European comparison


On the occasion of the last information session of two postgraduate programs on December 4, 2012, Prof. (FH) Dr. Funk gave a short talk on the real estate sector. Prof. Funk shared her experience in the real estate sector and the changes she witnessed with the audience. She gave an overview of the situation in Austria by comparing it to other European countries and looked back on the last two decades.


Along her talk, she defined three factors that are decisive for assuring quality in the real estate sector:
1.    Expertise
2.    Ethical behavior
3.    Customer relationship
Prof. Funk emphasized that high quality is only possible in the real estate sector if all three factors are considered. She furthermore highlighted the importance of lifelong learning in order to respond to the increasing requirements of this industry.
Afterwards, the academic directors Prof. Bob Martens (MSc Real Estate Management & Valuation) and Prof. Alexander Redlein (Professional MBA Facility Management) presented the two postgraduate programs which will start again in spring 2013.


Further information on the academic programs that are conducted in German can be found at immobilien.tuwien.ac.at and fm.tuwien.ac.at, respectively.


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