FIABCI European Congress 2013 in Riga: ”The new stage of the European real estate market: correction of mistakes ”
From 26th to 28th of September 2013, a European congress of the International Real Estate Federation (FIABCI) will be held in Riga, the capital of Latvia. It is organized by the Federation’s Baltic chapter – FIABCI Baltic – in cooperation with real estate professional associations of Latvia, Lithuania and Estonia. For the first time in more than 60-year history ofFIABCI, real estate market professionals from all over the world will be gathered in one of the Baltic states to exchange their experience concerning one of the most pressing issues for many countries: ”The new stage of the European real estate market: correction of mistakes”.
During his visit to Riga, Gerard W. Bakker, FIABCI board member and Conference committee president noted that the selected place for the upcoming European congress is perfect. ”It is very important,” emphasized Gerard W. Bakker, ”that the real estate market of the Baltic states has suffered severely from the economic crisis; however, it was one of the first to overcome the aftermath of the crisis, and this experience proved to be very interesting and instructive. We should learn on others’ mistakes, therefore the subject of the 2013 European congress is bound to attract many participants”.
FIABCI Baltic president Aigars Zariņš (Latvia): Riga is ready to welcome members of the FIABCI European congress. Having survived the most dramatic recession among the European countries, the real estate market of Latvia currently has a great potential for development. Latvia’s entering the euro area in 2014 enchances the appeal of the country’s real estate market. The Congress addresses risk management associated with real estate investments and means of securing deals, as well as such topical issues as investment climate in various European countries. It obtaining financial aid for project development, public-private partnership and regional development. The issue of overcoming the economic crisis and its aftermath within European real estate markets has been granted special attention: new operating forms and methods, new approach towards old problems, new banking strategies, new professional standards and requirements shall be discussed in greater detail.
Vitas Zabilius, FIABCI Baltic board member (Lithuania): We tried to compose the Congress programme to make it interesting for all our guests, making an emphasis on the investment appeal of all Baltic states. The key points have been highlighted in a specific way, showing that the crisis has passed and the time has come to establish a new market with new rules and possibilities. Europe’s real estate markets have changed since the crisis, in some countries beyond recognition. This is the topic which should be discussed in greater detail in order to share with your own experience and learn from the experience of others. Apart from that, the programme includes marketing sessions, where local real estate developers will present their most interesting projects and organize business tours around various residential and commercial properties, as well as trips to Vilnius and Tallinn.
Ardi Roosimaa, FIABCI Baltic board member (Estonia): Meeting your colleagues while attending such events always affects your business in a positive way. Other professionals’ experience provides you with an outside perspective on your actions; you also get a chance to select new priorities and improve the efficiency of your business. Communication with professionals is most effective if they are working in an environment different from ours. In each European country, in the USA, Asia, market principles remain the same; it is the approach towards realization of projects and deals that differs. We hope that the best of the best professionals will attend the Congress in Riga, and I believe that their understanding of real estate business will prove to be beneficial for others. Apart from that, personal contact is important. It is not enough to communicate through letters or phone calls to launch a serious project; it is crucial to see your potential partner. In turn, participation in such congresses is the fastest way to find the right people.
More information – www.fiabciriga2013.com.