Berlin activists pushing referendum to nationalize housing stock

Berlin activists pushing referendum to nationalize housing stock

Published at: 2019-04-15 10:59 | Author: CIJEurope.com
Over a month ago, Berlin protesters started a referendum against big landlords in Berlin in order to make housing public. They’ll need to collect 20,000 signatures within six months and another 170,000 by February 2020 to get the issue on a ballot. While nationalizing housing would not increase supply, the activists hope it will make landlords realize that they either need to be fair or risk losing everything. A key event in the movement occurred with Deutsche Wohnen when purchased 800 residential units, because the 112,000 flats the investor already owns are seen as excessive . “We won’t allow our assets to be expropriated,” said Deutsche Wohnen Chief Executive Officer Michael Zahn. “That’s just not going to happen. We’re not living in a banana republic.”

Most politicians in Germany seem to be against using taxpayer money for housing, but there’s a variety of opinions on what residential policy should be. “What we really need to do is build, build and build again,” said Stefan Koerzell, a senior official at the German Trade Union Confederation, which supports the referendum. He called the growing crisis a “wake-up call” for politicians at a press conference in Berlin. Currently, Germany has the lowest proportion of homeowners in the EU, with most people living in rented properties.

Similar Stories:

Rising Prague rents sparks demand for student accommodations
The Czech daily Denik writes that rising prices for apartment rentals is causing serious d  »
Serbia's Ministry of Defense has begun construction of a residential complex
Serbia's Ministry of Defense has begun construction of a residential complex for memb  »
City Garden completes Apollo D'or Downtown Residence
The developer City Garden has completed Apollo D'or Downtown Residence, a residential  »
Housing prices level off in Sofia
Residential prices in Sofia failed to rise in the first quarter of 2019, slipping slightly  »
Construction has begun on Bispevika, a brownfield project along Oslo’s waterfront that   »
PSN has sold 350,000 sqm of land to the dominant Czech residential developer Central Group   »
Investors from China, Russia and other countries are leading a growing influx of foreign f   »
Czech Republic  ♦  Round Hill plots European growth
The buildings are located in Helsinki and in regional towns near the south of the country.   »