Five years old – but finally learning how to walk

Editorial
My two-year-old son was excited recently on the way to kindergarten. He had been trying to sing something all morning and finally I realised what the song was: it was ‘Happy Birthday’.
As it was one of his classmate’s birthdays, the toddlers were to spend the morning making party decorations. This occasion happened to coincide with the fifth birthday of another child (more of an enfant terrible, actually), which we commemorated in a rather more solemn fashion on September 15th. This child was born in the USA, but over the last half-decade became a true citizen of the world. In no time at all the infant had made itself at home on the old continent, in sunny Spain and Greece, as well as in the less hospitable climes of Iceland and Ireland. Visits were also made to Bulgaria, Romania and Hungary and even to the banks of the Vistula. Many lost their appetite for shopping due to the child’s globetrotting. The birth of this child seemed to be the only topic of the Expo Real fair in 2008, but what will the bigwigs of the property market be talking about this time in Munich? Which topics will dominate conversations over the Oktoberfest beer? Reading the pages of
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