Berlin Will Freeze Rent For The Next 5 Years To Prevent Housing Crisis

Credit: Wochit News
Published on June 24, 2019 - Duration: 00:39s

Berlin Will Freeze Rent For The Next 5 Years To Prevent Housing Crisis

According to Business Insider, starting in January 2020, the Berlin government will freeze rents in the city for five years.

Over the past decade, Berlin's population has grown by about 40,000 people per year, causing a serious housing shortage.

Berlin remains one of the more affordable cities in Europe, but Reuters reports that rent in the city has doubled since 2008.

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