Despite the difficult times, the International Real Estate Fair (MIPIM) in Cannes was a success this year. There was a comfortable atmosphere to discuss the situation, negotiate projects and close deals.

This year, 20.000 visitors attended the fair. The figures were about one third lower than in 2008. The attending exhibitors had decreased from 2700 to 1700.

Interesting news coming out of MIPIM concerned the German market. Locations such as Munich, Berlin and Stuttgart were regarded as the most     promising European markets. Reasons for this can be attributed to these city's economic stability and the stable value.

There are projects and investment opportunities; however, obtaining debt finance in today's environment represents a huge challenge.