Real Estate Market Trends

Penteris Senior Partner Andrzej Tokaj shares his thoughts about the current state of the real estate market… 

Reflections from EXPO REAL 2025

More than 42,000 participants got together in Munich this year; an impressive turnout, and a sign (and hope) that the European real estate industry remains both restless and resilient.

The loudest conversation was around affordable housing. No surprise there. Europe’s shortage has moved beyond a social issue; it’s now an economic and political one. Solving it will take more than policy statements. It will require both coordination and innovation.

Technology and innovation were everywhere during EXPO, from decarbonization tools to digital business models and data-led project development. Encouragingly, they’re no longer treated as “future trends” but as the core of how the sector must now operate.

One topic that sparked real debate: with NATO countries pledging 5% of GDP for defence and critical infrastructure, could defence-related real estate become an asset class of its own? It’s an interesting question for investors and policymakers.

And finally, the data centre boom continues. Europe’s digital backbone is growing fast, and the property industry is racing to keep up.

Plenty to think about. And even more to act on.