Expropriation: Dobrindt wants to make confiscations more complicated
It's a race against the formation of the government in Berlin: The federal government wants to present a law that would significantly raise the hurdles for socialization. What should be in it?
German Interior Minister Alexander Dobrindt plans to introduce high hurdles for socializations, such as those proposed by the Left in Berlin. He aims to make it difficult for arbitrary socialization plans to move forward, citing incompatibility with the German Constitution. The proposed Investment Protection Act would require a compelling necessity for socialization, such as of rental apartments, and proof that all other measures, including investments in housing construction, have been exhausted.
If expropriation occurs, compensation must be provided immediately in cash at the market value determined by an appraisal. This could hinder the plans of the Left, Greens, and SPD in Berlin to socialize large private housing stocks.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Apartments: Dobrindt plans high hurdles for socializations handelsblatt.com
