At the annual gathering in Cannes, German real estate adjusts to a market that is not coming back

Next week, much of the European real estate industry will once again descend on Cannes for the MIPIM. After the icy Northern European winter we have - hopefully - just endured, the prospect of Mediterranean sunshine feels particularly welcome this year. Flights are booked, calendars filled, and the familiar annual migration resumes.

Yet ahead of this year’s gathering, there is a change in the air that has little to do with transaction volumes or interest rates, and far more to do with language.