Properties, not rent caps, say Pfandbrief banks

Berlin Germany housing apartment from Adobe 230x150
By Bill Thornhill
04 Dec 2019

The Association of German Pfandbrief banks (VDP) has criticised a Berlin local government decision to cap rents, which it believes will hit investor confidence and lower construction activity. Despite these concerns, the outlook for Pfandbrief supply is positive and remains underpinned by solid fundamental factors.

The Berlin Senate passed a resolution in November to introduce a five year rent cap, which is expected to enter into force in March 2020.

The new law caps rents on apartments in Berlin to no more than what was charged in June 2019. Nine months after ...

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