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Victory for German Tenants: Parliament Passes Law to Cap Exorbitant Rent Rises

The German Lower House of Parliament recently passed a law to limit rent increases to Metropolitan areas to roughly 10% above local averages for incoming tenants, in order to prevent tenants from being priced out of the rental market. Since 2007, rents have shot up by as much as 30-40% in major urban centres. The exorbitant rent increases have a large impact on German households, roughly half of whom rent, and where home-ownership stands at 46% (second lowest in Europe).  


“It’s a good day for the German tenant,” said Justice Minister HeikoMass.


Around 5 million properties will be affected by the new rule, though there are exemptions.


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March 15, 2015

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