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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.