Apartments: Dobrindt plans high hurdles for socializations
It's a race against the formation of the government in Berlin: The federal government wants to present a law that would make municipalizations significantly more complicated. What should be in it?
German Interior Minister Alexander Dobrindt plans to introduce high hurdles for socializations, such as those planned by the Left in Berlin. He wants to make it clear that arbitrary socialization is not compatible with the German Constitution through an investment protection law. The law would require a compelling necessity to be proven for socialization, such as of rental apartments, and all other means, including investments in housing construction, to be exhausted.
If expropriation occurs, compensation must be made 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.
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- Expropriation: Dobrindt wants to make confiscations more complicated handelsblatt.com
