Months ago, because of the escalating rental costs in Berlin (the city)....the city leadership (SPD-Greens-Linke Party) determined that they had the 'power' to install a rental cost 'brake'.
This was challenged in court. This morning....the Constitutional Court stood up and said 'no'.....the control over rental prices of a privately-financed apartment building is not possible.
For around a year, this 'control' has been in place and affecting around 1.5-million apartments in Berlin.
Rents now likely to escalate? I would imagine that nothing will occur for a couple of months, and then some of these (especially those under renovation)....will slide upwards.
All of this trending toward a top-three political issue? I would suggest that. Most everyone who lives in a highly urbanized city of Germany.....will whine over the escalation and how the housing market has crapped-out. The days when you could find a plain basic apartment (1-bedroom) in Frankfurt for 300 Euro (600 DM)....long gone.
Here in Greater Toronto Area the rents are actually going down, due to Covid 19 and work from home, less or almost no (international/local) students, zero turism, going for months now from Grey Lockdown to Grey Lockdown back to back...
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