Real estate market: investors unsettled
The real estate market is under pressure. Thomas Olek, CEO of Publity AG, warns that the current expropriation debate is unsettling investors.
Instead of building new flats in order to solve the current housing shortage, some experts say that the questionable means of rent brakes and expropriation demands will create unrest. The initiative “Deutsche Wohnen und Co. enteignen” wants to sell the real estate of large landlords in Berlin.
All companies with more than 3,000 rented apartments would be affected. In addition to the already agreed rent brakes for apartments, the Berlin Senate wants to introduce a rent brake for commercial properties in tense areas throughout Germany. In addition the senate wants to resolve a Upper House of Parliament initiative.
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