The annual FIABCI Baltic Real Estate Development Forum is going to take place in Riga on 25-26 September.
This year, industry professionals will be granted an opportunity to have a glance into the future through the prism of real estate industry. The key topic of the forum selected by the organizers, will be futurology – study of future tendencies – exchange of opinions by experts and RE industry professionals on what are the forecasts that the future will look like, in the light of technological, economic, social and other kinds of tendencies and forecasting the development vectors to come, to include the emergence of currently yet non-existent tendencies, and how it can affect the RE industry.
Baltic Real Estate (RE) Development Forum in Riga is going to take place for the third time already. It is organized as a joint effort of the Latvian Real Estate Association (LANĪDA) and the International Real Estate Federation (FIABCI), offering an opportunity to learn of the experience of the closest neighbours in project development, as well as get an insight in globally dominant tendencies. FIABCI congresses and conferences always gather world-class professionals.
The key topic of the forum on 25 September will be – Futurology* and real estate industry, where European countries’ futurology experts together with RE professionals are going to discuss and find out, how rapid development of various industries can affect the RE industry in the future, what tendencies, developing or even just contemplating development of a project at the moment, could have to be faced and what should be taken into account by project developers.
The forum agenda includes discussions on other topical issues for the industry, for instance, discussion on alternative options of the RE market development, for instance, highlighting the issue, whether a change in habits (switching to distance learning, working remotely and co-working, virtual money and other) are capable of making cardinal changes to the demand for projects of certain RE segments: whether these new habits can cause lack of interest in student homes or office centres. Developers of well-known projects in the Baltic countries will share their experience and outline future tendencies.
Also, RE industry professionals in the forum will be able to study the recent industry reports, get to know the best experience in developing particular projects and RE segments, as well as what are the plans of Baltic countries for their political and economic environment. Representatives of major audit companies will compare the tax policies in the Baltic countries, discuss countries’ advantages and shortcomings and suggest best solutions.
An ever-present topic is IT and new technologies that the RE industry encounters increasingly often, therefore the best and most effective use of the new opportunities is a topic that always is in the spotlight. Information technologies experts will discuss topics as the “smart home”, lead generation, new advertising and real estate object presentation options.
Business or object tour will be held on September 26, where forum participants will have an opportunity to see the most successful accomplishments of developers in Riga and Jūrmala on site.
Honour guests to attend this year’s forum will be: FIABCI World President Farook Mahmood from India, the former FIABCI World President Kirkor Ajderhanyan from France, FIABCI World President Elect Assen Makedonov from Bulgaria, FIABCI Regional President for Europe Ramón Riera Torroba from Spain, FIABCI International Board of Directors Member Antonio Campagnoli from Italy, as well as heads of professional associations from Lithuania and Estonia.
* About futurology:
The notion “study of the future” was mentioned by the renowned writer Herbert George Wells in 1902, while the term “futurology” (from Latin futurum (future) and Greek λογος [logos] (word, teaching)) was coined and introduced by German sociologist Ossip Flechtheim in 1943, referring to futurology as a practically applicable philosophy of the future, one to replace ideologies and utopias.
The term gained vast popularity 1960s, when the Western world discovered interest in the history of the future, future as a science object, studies of the future.
By the notion of futurology is understood forecasting the future on the basis of current technological, economic, social and other tendencies, as well as predicting the coming turns of development, to include tendencies not yet emerged. Historical and systemic analogies, statistical methods, surveys and other methods are used to achieve this goal.
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