Structural challenges are still keeping us busy

How would you describe the 2024 real estate year?

2024 was challenging for real estate markets with opportunities for active investors. We are seeing the first signs that the market is bottoming out. Transactions for asset classes that
faced challenges, such as offices, increased slightly last year, albeit at a very low level.

What are the main challenges facing the sector in general and your company in particular in 2025?

The challenging situation in the real estate sector will remain with us well into 2025. Structural challenges are still keeping us busy. However, the markets are potentially offering opportunities for those investing in the current cyclical low. At the same time, the geopolitical situation adds uncertainties to the markets that are hard to predict.

What are the main elements of your strategy for the year ahead?

With our new Strategy 2027, which aims to diversify, on the one hand, asset classes with regards to our on-balance-sheet financing, and on the other hand income streams with real estate investment solutions, we feel well equipped to achieve our long-term goals.

Pamela Hoerr is a member of the management board at pbb Deutsche Pfandbriefbank