Annual International Real Estate Conference

Welcome

Dear Real Estate Enthusiasts,

You’re invited to attend the 14th international real estate conference “REAL ESTATE 2015: The Future of the Real Estate Market – Risks and Opportunities“, organised by the Association of Estonian Facilities Administrators and Maintenance Professionals, the Estonian Association of Appraisers, the Association of Real Estate Companies of Estonia and the Estonian Chamber of Real Estate Brokers on 6 November 2015 at the Kumu auditorium in Tallinn.

Property associations have been organising the biggest property conference in Estonia for 13 consecutive years for the purpose of assembling all companies, organisations and people working in the property sector and to offer new visions, exchange experience and information. This year we’re looking to provide you with an even better programme, including a range of interesting speakers, some exciting and very topical debates and the chance to meet new and useful contacts – all of which should prove to be great added value in your day-to-day work.

It’s gratifying to be able to say that 2015 is shaping up to be a good year for the real estate sector. The average value of the sale and purchase transactions carried out in the first three quarters of the year involving properties in Estonia was significantly higher than the same level in 2014: ca 57 thousands euros, which is almost 9.5% more than last year.

The residential property market remains active and attractive, with new developments continuing to arise and the choice of market participants growing. Analysing the transaction statistics for the first nine months of 2015, it can be seen that the most active real estate market is once again that of Harju County, with 14,609 sale and purchase transactions i.e. almost 43% of the Estonian total. Transactions within Tallinn formed ca 65% of this. These indicators reflect how Harju County-centric (and primarily how Tallinn-centric) the national property market is. The market of other counties is more than four times smaller.

In terms of commercial real estate, this year is expected to break the all-time record for investments. A number of experts predict that market volume will hit the 450 million-euro level, exceeding the record set in 2007.

Contributing to this result have been the very active investment market and a number of major transactions that have taken place within that framework. The majority of transactions are still performed via known investors or asset managers, but this year we have also seen new investors enter the market. The most notable have been Olympia Capital Management, the Partners Group (which has acquired former BPT Optima fund objects) and LCN Capital Partners (which has gained a portfolio of municipal rental apartments). Nevertheless, the lion’s share of market participants remain small investors, with transactions valued at up to 5 million euros accounting for ca 75% of all transactions.

‘The Future of the Real Estate Market – Risks and Opportunities’ was selected as the theme of this year’s conference so that we can comprehend and discuss the actual state of play on the property market and what the next few years will bring. In order to grasp all developments, we will be thoroughly analysing the current situation and short-term outlook of business and retail property and the construction, investment and finance sectors. To this end we’ve invited a number of leading specialists and presenters from abroad to share their thoughts with us so as to paint as broad a picture as possible of what’s going on here in Estonia, on neighbouring markets and around the world. We look forward to you taking part and to some very constructive discussions. We’re convinced that the experience and new contacts you’ll gain from the conference will add to your success in your everyday work.

The Real Estate Guru 2015 title and real estate association awards will also be presented at the conference.

See you there!

Regards,

Tõnis Rüütel, Managing Director, Association of Real Estate Companies of Estonia
Jüri Kröönström, Chairman of the Management Board, Association of Estonian Facilities Administrators and Maintenance Professionals
Monica Meldo, Member of the Management Board, Estonian Association of Appraisers
Tanel Olek, Member of the Management Board, Estonian Chamber of Real Estate rokers

Programme

Fee

Conference fee
250 EUR + VAT 20%

Promotions
For 2 people from the same company, the fee is 220 EUR + VAT per person;
for 3-5 people from the same company, the fee is 190 EUR + VAT per person;
for 6 or more people from the same company, the fee is 160 EUR + VAT per person.

Fee includes:
• one conference day
• conference materials
• lunch
• coffee breaks
• reception

Everyone who attends the conference will be entered in a draw to win one of five family passes to the newly refurbished Laulasmaa Spa water and sauna centre, at which you can unwind in its six new saunas and relaxing pools.

All companies taking part in the conference will be entered in a draw to win one of two seminar room gift vouchers: one for eight hours’ use of the seminar room at Laulasmaa Spa for up to 20 people; and the other for eight hours’ use of the seminar room at Hotell Euroopa in Tallinn for up to 20 people.

Registration deadline
Last date for registration is November 2, 2015.

Payment
Corpore Conferences will send you an invoice after you have submitted your registration form.

Cancelling
50% of the registration fee will be refunded if participation is cancelled in writing before November 2, 2015.
Unfortunately no refunds for cancellations made after November 2, 2015.

Partners

SEB Bank, BPT Asset Management, Colliers International, East Capital, Technopolis Ülemiste, COBALT Law Firm, Laulasmaa SPA, Eesti Päevaleht