Tech Insider
Economy
apartment buildings skyscrapers
Deutsche Pfandbriefbank warned that the commercial real estate sector faces a crisis on par with the 2008 downturn.

Reinhard Krause/Reuters

  • Deutsche Pfandbriefbank AG said it's bracing for an ongoing decline in commercial real estate.
  • It called the downturn "the greatest real estate crisis since the financial crisis." 
  • Shares of the German bank have declined about 25% year-to-date.

Signs of commercial real estate distress continue to mount, with the latest warning coming from German lending giant Deutsche Pfandbriefbank AG. 

Tags
Real Estate, Markets, Markets, real-estate, property-market, housing-market, commercial-real-estate, home-prices, Offices, pandemics, work-from-home, Germany, economy
Source
A German bank says it's preparing for the worst property crisis since '08 as co…