Provided by Dow Jones By Kim Richters Shares of real-estate companies in Germany rose on Thursday, after a court decided the law capping rents in the country s capital was unconstitutional. The law introduced in Berlin last year for many residential premises included freezing rents for some years, capping rents for new leases and cutting them for tenants whose rent exceeded the cap. The German Federal Constitutional Court said Thursday that the act was void because federal legislation was already in place to regulate rents. Analysts had expected the law to be overturned, but nevertheless saw the decision as a positive trigger for companies with significant exposure to the Berlin market, such as Deutsche Wohnen SE or Adler Group SA.
Urteil des Verfassungsgerichts - Mieten in Berlin dürfen nicht eingefroren werden
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Berliner Bürgermeister will Mietenmoratorium
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Teure Wohnungen in Städten – Das Berliner Experiment gegen steigende Mieten scheitert
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