Berliners vote to expropriate housing units from developers and landlords
Berlin, September 30 (RHC)-- In Germany, Berlin residents voted in a referendum to seize back some 240,000 apartments from corporate landlords in an effort to combat gentrification and soaring rents.
The measure, though not binding, would see the municipal government of the German capital buy back housing from powerful landlords or real estate companies that own more than 3,000 units, and turn the units into affordable public housing.
