Interesting news from Germany trying to create a fair balance between tenant and landlord whilst trying to put the brakes on the rental market commoditising homes. It will be interesting to see how justifiable the european comparison will be once europe is regulating to balance the market whilst ours runs unchecked.
Germany will bring in caps on rent rises in densely populated areas in the first half of next year, it was announced on Tuesday, in a government attempt to keep homes affordable for tenants on average incomes.
Under the rule change, landlords will only be able to raise rents by up to 10% above the local average for similar properties when taking on new tenants.
Full story here on the Guardian