Staying the course in uncertain times

After the challenging months behind us and an already eventful start to the new year, many questions remain unanswered. How will the cost of building materials develop in 2023? What interest rate developments can we expect? Will inflationary trends, which are also driven by rising personnel costs, continue to gain momentum?
These unanswered questions have led to general uncertainty in the market and significantly limited the willingness of many market players to take action. Buyers are acting cautiously as they speculate on falling prices, and sellers are sticking to their previously calculated prices. At the same time, cost increases of around 20 percent mean that project developers have to raise more equity capital, causing construction projects to be delayed or put on hold. As a result, we have seen a standstill in the market for several months, but this will resolve itself in the coming months. We expect the market situation to calm down completely in about one to two years. Until then, however, all real estate segments will be affected, some more than others. The office and residential asset classes are relatively crisis-resilient, as people will always need somewhere to live and work. Against the backdrop of volatile market conditions and increased demands on the part of buyers, JAAS continues to focus on the corporate values that have always shaped our business model and our actions. We develop stylish working and living spaces that are characterized by the highest quality standards and energy-efficient design. We operate in a cost-conscious manner, continuously maintain and expand our strong network of partners and service providers, and rely on transparent corporate structures that offer the best conditions for the successful performance of our employees.
For companies that cultivate quality, sustainability, and resilient corporate management, opportunities will arise in the market in the coming months. These opportunities are currently at the heart of our business activities, and we are optimistic about 2023. JAAS is currently developing three projects in sought-after locations in Berlin: the elegant residential building THE FLÂNEUR on Dortmunder Straße, a commercial property in the Gesundbrunnen district, and an office and commercial building not far from Kurfürstendamm. In addition, we are constantly reviewing potential acquisitions and projects that are in line with the JAAS brand essence and offer potential for the development of distinctive living environments. In doing so, we remain true to our corporate guidelines:


• Quality prevails – high-quality real estate guarantees stable value!
• Central locations remain in demand – more and more people are drawn to metropolitan areas, where they want to live and work in central locations!
• ESG is the future – energy-efficient buildings offer the best value development, reduce consumption costs, and increase everyone's quality of life!

We are convinced of this, and that is what we stand for at JAAS.