Real estate companies are cashing in big in Berlin. Tenants are struggling to keep up, because they can't afford the rent after a building's been renovated. They move out, and the price goes up.
Berlin rents are rising at an eye-watering pace, and many blame greedy real estate firms for the situation. Activists have now proposed nationalizing housing companies. The idea is legal, novel, and highly controversial.
"Overpriced" and scarce real estate in Germany's largest cities are deterring investors, according to a consultants' study. Instead, they're turning to Lisbon and London — despite Brexit.
Finding an apartment in a German city is hard work these days. That is especially true for those who have little money. Some critics say it's a dangerous development that could have dramatic political consequences.
Germany's cities are facing a crisis: They're just too popular. Living space is getting increasingly tight; property values and rent prices are skyrocketing. But the city of Ulm might just have the solution.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version