Berlin, poor and without its own home
85 percent of Berliners live in rented apartments. Die Linke proposes expropriating the large landlord with more than 3,000 apartments.
In Berlin, only 15 out of 100 residents own their homes, while the rest rent. Buying a home in the city is expensive, costing 7-10 times the average annual salary. The party Die Linke won the Berlin parliament elections with a promise to address the housing issue, proposing to expropriate large real estate companies like Vonovia and Deutsche Wohnen. The plan involves transferring properties from large owners to a public entity, using a constitutional mechanism that has never been used before, under Article 15.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
