Economics @ ITT

Berlin’s New Rent Control Laws Are Already Working

Posted in economics by ittecon on July 11, 2015

The new law introduced on June 1st—called the mietpreisbremse or “rental price brake” in German—works like this. An overseeing body fixes a standard median rent per square meter for each city district, using figures based a biennial state census of rents. No new rental contract within the district is then permitted to charge over 10 percent more than this amount. This still means that price increases for new rentals are possible, but if they come, they happen far more slowly.

via Berlin’s New Rent Control Laws Are Already Working – CityLab.

Advertisements
Tagged with: ,