Stressing quality and not quantity

The first three memories which come to mind when I think about this year’s Munich Exposition are the exhibition halls dominated by city representatives, the buzzing property agents’ stands and those ubiquitous gentlemen in their dark well-cut suits When thought was given in September to Expo Real 2009, the general expectation was that it would be the scene of a breakthrough on the property market, primarily when it comes to financing issues. The meeting was meant over several days to have made it clear that the crisis was gradually receding. Hopes were high and my impression was that something like a self-satisfying prognosis mechanism was ticking away somewhere, and the optimism expressed by at least some of those present seemed a little artificial. Too much was being said about this or that bank unblocking credit lines, or it was just talk about possibly concluding a few more investment transactions, including several significant in size, by the end of the year. However,