Home » Berlin has decided: the real estate giants will have to be expropriated

Berlin has decided: the real estate giants will have to be expropriated

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Only two districts voted against: Berlin has decided by a majority that the big real estate giants will have to be expropriated. After years of neighborhood committee battles, thousands of evicted people and those who have been pushed back to the suburbs by a monstrous housing bubble that has plagued the capital over the past 20 years, 56.4% of Berliners voted in favor of a sensational referendum which, if accepted by the Constitutional Court, could force all the giants of the sector with over three thousand apartments to sell them to a public holding, the Anstalt des oeffentlichen Rechts (Aoer).

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