German Housing Boom Decade After U.K. May Hurt Merkel at Ballot

German Housing Boom Decade After U.K. May Hurt Merkel at Ballot

Krisztian Bocsi/Bloomberg

In Prenzlauer Berg, a fashionable Berlin neighborhood dotted with boutiques and cafes, luxury renovations have been banned by the local buildings council, led by the opposition Green party, to make it more difficult for investors to upgrade homes and resell them at a profit.