BERLIN (Reuters) -The German government on Wednesday proposed a law to extend rent controls in an effort to make housing more affordable, following through on a key pledge of the new coalition
Germany Moves to Extend Rent Controls to Combat Rising Housing Costs
BERLIN (Reuters) -The German government on Wednesday proposed a law to extend rent controls in an effort to make housing more affordable, following through on a key pledge of the new coalition government under Chancellor Friedrich Merz.
The measure, which extends the price controls by another four years through 2029, is fiercely opposed by property industry executives.
"Housing must not become a luxury good," Justice Minister Stefanie Hubig said in announcing the law proposal.
(Reporting Christian Kraemer and Tom SimsEditing by Madeline Chambers)
