Politics · Germany · 11 hrs ago

Berlin plan to transfer large housing portfolios faces legal uncertainty

Berlin plan to transfer large housing portfolios faces legal uncertainty

Berlin’s emerging government plans to transfer about 160,000 homes from large housing companies to public ownership.

The plan is linked to a government led by the Left party and would apply to housing portfolios in Berlin.

It would rely on Article 15 of Germany’s constitution, a provision that has not previously been used for this purpose.

Property lawyer Carsten Loll says the legal questions are untested and the plan could face major obstacles.

The legal uncertainty could put the whole plan at risk, making the proposed transfer harder than supporters expect.

The government aims to make the transfer possible, but the supplied information does not say what happens next.

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What people are saying

Carsten LollLeading German real estate lawyer
Legally, we are entering completely uncharted territory.
via Handelsblatt