Germany's 'Mietpreisbremse,' a rent control law, will be extended until 2029, though it excludes buildings constructed after 2014. The law aims to protect tenants in high-demand areas but has drawn criticism from both real estate groups and tenant associations. Constructed in 2015, the law limits rental prices to prevent excessive charges, a vital tool in Germany’s tight housing market. However, critics argue it does not impose strict penalties on landlords who violate regulations, potentially allowing significant overcharges, particularly in cities like Berlin.
"If the new federal government's first measure is to extend rent controls, diggers will stop instead of rolling," German Real Estate Association President Dirk Wohltorf said.
"The rental price brake is the most powerful instrument available to keep rents down and buy time until more affordable housing is available," states Dr. Daniel Halmer, CEO of Conny.
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