Berlin’s legislature passed a package of rent regulations on Thursday that will cap revenues for landlords and freeze rents for five years. A spokesperson for Chancellor Angela Merkel’s Christian Democratic Union party plans to challenge the measure in constitutional court “as soon as possible,” according to Bloomberg. That can happen after the measure takes effect, which could be as soon as the end of February. Berlin is one of the cheaper cities in Europe and
source https://therealdeal.com/2020/02/02/berlins-radical-new-rent-laws-will-destroy-e5-5b-in-real-estate-investment-landlords/
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