Expo Real’s organizers can celebrate another large increase in participants and exhibitor numbers. However, the atmosphere during the fair was pretty heavy, as there were too many question marks hanging over the future of the real estate market.The 11th International Commercial Property Exposition, which took place in Munich from October 6th-8th, attracted 24,500 visitors from 77 countries (23,800 in 2007) together with over 17,500 company representatives on the exhibition stands. A big crowd, which in the past would have been busy discussing long lists of potential deals, was this year more worried about the future. The main topic was “What’s next?”There was no simple answer, especially as the situation kept changing very quickly. CNN was reporting world stock exchange indexes sharply dropping and the number of international banks crying out for help. In Munich, Austrians, Poles and many other participants were surprised by the news – announced during the