After years of rapidly rising rents, exasperated Berliners are beginning to fight back. They have started collecting signatures for a referendum on expropriating the apartments of the big players in one of Germany's hottest real estate markets.
Berlin's governing Social Democrats have voted against expropriating major developers to bring 240,000 apartments under public control. An initiative is campaigning for a referendum on the issue in the German capital.
Berlin's brand-new rent freeze (and cap) is hardly unique among cities with pressured housing markets. But while other cities have stricter laws, Berlin's new rent control has some more unique protections.
Landlords reportedly want to sell the space to make room for luxury housing, while club managers lament the city's gentrification. The Berlin Senate has already taken steps to intervene and save the capital's landmark.
The German capital has become a minefield for renters and the problem is becoming increasingly politicized. But in the Irish capital, Dublin, the situation has developed into a full-blown housing crisis.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version