Will the next wave be a wave of conversions?

Munich. Nothing can daunt investors anymore: not excessive rates not a scarcity of properties, not low interest rates or decreasing yields. Real estate bubble? Real estate boom! Hotel bubble? Hotel boom! The Expo Real 2017 moved between basic trust and gut feeling. The bubble will come, but when? Until then, everything continues as usual, driven by flows of capital from all over the world, which – seemingly – all have one target in Europe only: Germany! "Germanomania" is quickly becoming a buzzword in the industry. However, there are also cautioning voices. The hotel industry is turning the real estate wheel too, the asset class is becoming increasingly popular. An atmospheric picture, spiced with figures.