FGH Bank publishes its FGH Real Estate Report annually. It provides an overview of the key trends and developments in the real estate market, regional and local market information and the main trends in the different market segments.A tremendous amount can change in twenty years. FGH Bank published the first FGH Real Estate Report in 1996. Who could have imagined back then what the world wouldlook like in 2015? And who could have ever dreamt that changes would take place in such quick succession these days? Our world is changing politically, economically, socially and technologically. This is the 20th edition of the FGH Real Estate Report. In this anniversary edition of the FGH Real Estate Report, we are pausing to reflect on these shifts and the impact they have on the real estate world. But we also above all look to the future in this report. We explore how the real estate sector can respond to these ever-changing dynamics. And we examine the changes the sector canembrace and utilise to become stronger.