Berlin buys thousands of apartments from corporate landlords
3 years, 4 months ago

Berlin buys thousands of apartments from corporate landlords

Associated Press  

BERLIN — Berlin’s city government said Friday it is buying some 14,750 apartments from two large corporate landlords for 2.46 billion euros — a deal announced a week before local and national elections as the German capital tries to expand the supply of publicly owned accommodation. Rising rents have been a hot-button issue for years in Berlin, where tenants long enjoyed low rents compared with many other capital cities. Purchases of apartments that were once government-owned but over recent decades were sold off to private companies are one way in which the outgoing city government — a left-wing coalition of the Social Democrats, Greens and Left Party — has sought to address the problem. Also that day, Berliners will vote in a non-binding referendum on a call for the local government to expropriate the properties of large corporate landlords.

History of this topic

Berliners in favor of measure to expropriate 240,000 flats
3 years, 3 months ago
Berlin housing activists lead campaign to fight rising rents
5 years, 9 months ago
Berlin’s radical plan to stop rocketing rents
5 years, 10 months ago
‘Poor but sexy’ Berlin now home to soaring rents and rising tensions
6 years, 9 months ago

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