Pursuits
Munich Caps Rent Increases Becoming First City to Act on New Law
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Munich, which has Germany’s most expensive real estate, will no longer allow rents to rise more than 15 percent in three years, making it the first city to take advantage of a new federal law.
The Bavarian government yesterday voted to cap rent increases in the state’s capital, according to a statement on its website. The rules takes effect on May 15.