Andreas Kluth Profile picture
Columnist at Bloomberg Opinion. Previously editor-in-chief of Handelsblatt Global; 20 years at The Economist. Author of "Hannibal and Me." Opinions are my own.
Mar 2, 2021 8 tweets 8 min read
1/8 One year ago, the left-leaning government of Berlin introduced unprecedented rent controls.

Lots of economists warned against it.

So what do the numbers say now?

A thread.

trib.al/ngQNXJy
#Mietendeckel
@bopinion 2/8 The legislation split Berlin’s housing:

- Regulated and capped (built before 2014)

- Unregulated (built since 2014).

In the regulated market, as expected, rents plummeted, relative to those in other cities:

trib.al/ngQNXJy
#Mietendeckel
@bopinion