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Take heed American cities! #HousingCrisis
Scenes of crammed house viewings have become notorious in Berlin, where affordable apartments are a rare find. One apartment viewing in November drew headlines for attracting 1,800 potential renters.
washingtonpost.com/world/europe/b…
Take heed American cities! #HousingCrisis
Scenes of crammed house viewings have become notorious in Berlin, where affordable apartments are a rare find. One apartment viewing in November drew headlines for attracting 1,800 potential renters.
washingtonpost.com/world/europe/b…
the parliament of the Berlin city-state on Thursday approved a five-year freeze on rents and a price cap of 9.80 euros per square meter — or about $1 per square foot.
Property values and rents in Berlin have exploded making it one of the fastest-growing RE markets in the world.
Property values and rents in Berlin have exploded making it one of the fastest-growing RE markets in the world.
While the average rent remains well below some other European capitals, surging costs have been a particular burden for residents of a city where salaries are relatively low, public housing stock is scarce and more than two-thirds of the population rents rather than owns.
“Housing is a need, like water."
That philosophy has found a receptive ear within city gov. And while the battle against gentrification is a familiar story in many major cities globally, the German capital is beginning to stand out for measures it is taking to fight the tide.
That philosophy has found a receptive ear within city gov. And while the battle against gentrification is a familiar story in many major cities globally, the German capital is beginning to stand out for measures it is taking to fight the tide.
Under the new law approved Thursday, Berlin renters would be expected to save $2.75 billion over the five-year period, while landlords would lose the same
Berlin is going further than most with its rent ceiling — which is slated to go into effect in nine months and would apply
Berlin is going further than most with its rent ceiling — which is slated to go into effect in nine months and would apply
to buildings constructed before 2014, to avoid discouraging new development.
Landlords breaking the cap could face fines, while renters could apply to have their rent lowered if it surpasses prescribed limits.
news.trust.org/item/202001301…
Landlords breaking the cap could face fines, while renters could apply to have their rent lowered if it surpasses prescribed limits.
news.trust.org/item/202001301…
Once described as "poor, but sexy", Berlin has seen its housing costs double over the last decade as employees lured by the strong job market move into the city.
thelocal.de/20200130/were-…
thelocal.de/20200130/were-…
Berlin rental prices rose 30 percent over the past five years, according to Empirica, a real estate market data provider. That is double the rate of London’s rise over the same period. Over the past 10 years, Berlin rents rose more than 75 percent.
This is happening around the world. And you know what? @MikeBloomberg was the main reason NYC is in the dire straights they are in today. He got away with the city voicher program.
Watch what they do, not what they say.
newyork.cbslocal.com/2011/04/11/adv…
Watch what they do, not what they say.
newyork.cbslocal.com/2011/04/11/adv…
