Berlin starts controversial rent freeze on 1.5 million homes - News Summed Up

Berlin starts controversial rent freeze on 1.5 million homes


“It is correct that Berlin tries to stop the spiraling rent costs,” Ulrich Ropertz, the head of the German Tenants Association, told German news agency dpa. “The federal legislature has missed the opportunity to pass effective measures in recent years.”ADOnly a minority of Berliners own their homes or apartments — as in the rest of the country, the majority of people traditionally rent their homes. ADThe rent freeze is supposed to keep rents for apartments that were built before 2014 at the current level for the next five years. Critics have pointed out that the rent freeze will keep landlords from investing any money into much-needed renovations of homes, because they cannot raise the rent afterward. ADThe rent freeze, which was implemented by Berlin’s left-leaning coalition government, has been strongly criticized by Chancellor Angela Merkel’s more conservative Christian Democrats, who are in the opposition in Berlin’s city-state government.


Source: Washington Post February 23, 2020 11:15 UTC



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