BERLIN, Sept 29 (Reuters) – Expropriating large residential landlords in Berlin would not ease the city’s housing \u200cshortage and could make its rental market more \u200crigid, according to a study by the Kiel Institute for the \u200bWorld Economy published on Tuesday. <\/p>\n
Elif Eralp, the far-left leader pushing to take over as mayor of Berlin, has pledged to expropriate more than 200,000 housing units from \u200ccorporate landlords in a \u2060campaign that made the party reach its best result in the German capital in \u2060this month’s election. <\/p>\n
Here are the key points from the study: <\/p>\n
\u2022 If funds required to compensate companies such as \u200bVonovia were \u200binstead invested in construction, \u200bBerlin could build up \u200cto 71,000 additional apartments by 2045, the economic institute said. That could leave asking rents up to 8.7% below levels otherwise expected by then. <\/p>\n
\u2022 The affected housing portfolios have an estimated market value of \u20ac40.2 billion ($45.6 billion), \u200calthough compensation could be around \u200bhalf that amount, the study said. <\/p>\n
\u2022 “What \u200bmatters is not \u200bwho owns the apartments, but whether new \u200cones are being added,” said \u200bco-author Jonas Zdrzalek. <\/p>\n
\u2022 \u200bState ownership would widen the divide between tenants with regulated existing leases and prospective renters, reducing \u200bmobility and worsening \u200cinefficient use of housing, the study said. <\/p>\n
($1 = 0.8821 \u200beuros) <\/p>\n
(Reporting by Christian Kraemer, writing by Maria \u200bMartinez, editing by Thomas Seythal) <\/p>\n","protected":false},"excerpt":{"rendered":"BERLIN, Sept 29 (Reuters) – Expropriating large residential landlords in Berlin would not ease the city’s housing \u200cshortage…\n","protected":false},"author":2,"featured_media":176814,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[99],"tags":[112,63635,190,79437,81176,59792,30951],"class_list":["post-176813","post","type-post","status-publish","format-standard","has-post-thumbnail","category-berlin","tag-berlin","tag-elif-eralp","tag-germany","tag-housing-shortage","tag-housing-units","tag-kiel-institute","tag-mayor-of-berlin"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@dk\/117359582110544434","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/176813","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/comments?post=176813"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/posts\/176813\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media\/176814"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/media?parent=176813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/categories?post=176813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/dk\/wp-json\/wp\/v2\/tags?post=176813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}