Why Berlin is buying back nearly 700 apartments on its historic Karl-Marx-Allee - News Summed Up

Why Berlin is buying back nearly 700 apartments on its historic Karl-Marx-Allee


"Berlin must regain more control over its rental market, said city mayor Michael Müller in a statement. Locals feared Deutsche Wohnen, which owns 115,000 flats across Berlin and its surrounding regions, could have significantly increased the rents. READ ALSO: Berlin sees reed over Karl Marx Allee saleA poster for a 'rent insanity' protest in Berlin. Berlin's mayor Müller has said the city would look to reclaim more apartments from private hands like the Karl-Marx-Allee example. "I want Berliners to continue to be able to afford housing in the city – housing is a central social issue in almost all major cities," said Müller.


Source: The Local July 16, 2019 14:03 UTC



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