Advertisement

Study: Rent prices jumped after cap law

The Local Germany
The Local Germany - [email protected]
Study: Rent prices jumped after cap law
For rent. Photo: DPA

Rent caps will be introduced in German cities in the first half of 2015, but their arrival is having the opposite effect: A study has found that rents have been going up at an increased rate since the legislation was announced.

Advertisement

The Rhein-Neckar-Zeitung reported on Thursay that the study, conducted by the parliamentary Green Party, found that there was a definite bump in rent prices that coincided with the announcement of the rent cap legislation

Eleven cities across the country were analysed in the study.

"Through the creation of these laws without a quick implementation, the Grand Coalition has fuelled these costs again," Green party housing expert Chris Kühn told the newspaper.

He said the results of the study should push policy makers to "put (the law) into action as soon as possible."

The new laws will forbid landlords from setting rent more than 10 percent higher than the average for the area when dealing with tenant turnover.

SEE ALSO: Rent caps are coming in 2015

More

Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.

Please log in to leave a comment.

See Also