Guest Editorial — German Journal of Real Estate Research: Special Issue Risk

Various issues associated with risk management in the real estate sector have been a concern in the industry for several decades. Originally, the approaches entailed simple scoring models and essentially qualitative estimates, and now, increasingly quantitative approaches against the background of ever-increasing data availability which ought to enhance the ability to identify potential dangers. At first glance, the current record turnover and all-time highs suggest a pervasively positive picture. However, long-serving market participants are well aware that the classic real estate cycle is still with us and that the next downturn is “merely” a matter of timing.