Deals
Berlin Landlord Expropriation Proposal Backed by Legal Expert
- Joachim Wieland says compensation needn’t match market values
- Deutsche Wohnen, Vonovia stand to lose most from clampdown
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A proposal to force Berlin’s largest residential landlords to hand over their properties in return for compensation wouldn’t violate German law, according to a professor at the University of Administrative Sciences.
“What this initiative wants to achieve would be feasible under the constitution and under federal law,” according to Joachim Wieland, who published his legal opinion Wednesday. The study was sponsored by the Left party, one of three ruling parties in the German capital’s administration.