Berliners Vote On Expropriating Housing From Powerful Landlords
Most international coverage of the German elections is focused on who will replace Angela Merkel after her 16-year term as chancellor ends, but for everyday Berliners, just having the resources to pay the rent is a bigger concern.
Berlin’s efforts to lower the fast-rising rents in Germany’s capital city have led to a referendum which could expropriate and socialize almost a quarter of a million apartments primarily from Deutsche Wohnen, the largest real estate company in Europe and one of the largest companies in Germany.
After years of rising rent forcing many Berliners out of the city, activists led by Deutsche Wohnen & Co Enteignen (Expropriate Deutsche Wohnen, or DWE) received nearly 350,000 signatures from Berliners and managed to force a vote on whether to allow the expropriation of housing owned by landlords with over 3,000 units on the Sept. 26 election ballot.