Germany’s Biggest Landlord Expects Rent Cap to Cut 2020 Berlin Revenue by a Tenth
- City weighs plan to limit rents alongside five-year freeze
- Proposal needs approval from senate, faces legal challenge
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Vonovia SE expects a rent cap proposed by the Berlin city government to cut revenue next year by as much as 25 million euros ($28 million), or about 10% of its rental income from the German capital.