Follow this tag to curate your own personalized Activity Stream and email alerts.
Berlin is to hold a referendum on a grassroots proposal that would force major property companies to sell thousands of their apartments to a public-owned body. A public petition for the idea, fueled by anger over surging housing prices, has gathered 183,711 valid signatures, which is more than the... View full entry
Beginning in early 2020, Berlin’s left-leaning government will freeze rents for five years. Landlords will be required to show new tenants the most recent rental contracts to prove they aren’t jacking up prices. They’ll also have to follow new rent-cap rules, which for many landlords could mean lowering rents by as much as 40%. Those who don’t comply will be hit with fines as high as €500,000 ($553,000) for each violation. — Bloomberg Businessweek
Writing in Bloomberg Businessweek, Caroline Winter and Andrew Blackman cover the fascinating political battle taking place in Berlin, Germany, where tenants' groups and landlords are navigating the impacts of recent rent-freeze regulations by the local government that aim to reign in unaffordable... View full entry
In the first half of 2019, New York City apartment building sales fell 48% from the same period a year earlier, B6 said in a report. It was the biggest decline for any six-month period in data going back to 2009. In northern Manhattan, which includes Harlem, the drop in multifamily purchases led to a 61% slide in all commercial-property transactions, the firm said. — Bloomberg
Across New York City, as the effects of the New York State's recently-enacted rent control laws begin to take shape, apartment building owners are having a tough time finding investors to purchase their properties. According to Bloomberg, apartment building sales are down nearly 50-percent... View full entry
