Germany’s Ruling SPD to Push for Stricter Rent Caps, Bild Says
- SPD committee approved draft resolution, seeks party approval
- Proposal calls for residential rent cap over three years of 6%
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Germany’s ruling Social Democratic Party will vote on a proposal for lower limits on rent increases as a way to tackle inflation in Europe’s largest economy, according to a draft resolution reported by the Bild newspaper.
The SPD’s draft paper stipulates that rents in densely populated residential areas shouldn’t rise by more than 6% over three years, and may not exceed the local comparative rent, Bild said.