Expropriation of Residential Property Investors in Berlin - A Realistic Scenario?

While the German capital continues its political efforts to tackle the housing crisis, a commission has validated the feasibility of expropriating housing providers.

On June 28, 2023, a legal expert commission appointed by the City of Berlin (Commission) published its final report (Report), examining whether private residential investors could be expropriated under certain conditions. According to the Commission, the State of Berlin has jurisdiction to enact laws transferring privately owned real estate to publicly owned companies (nationalization, Vergesellschaftung), and such laws would comply with both the federal and the state constitution. Should these laws be implemented, they would likely target private investors who own more than 3,000 residential units in Berlin.

Please see full publication below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Latham & Watkins LLP | Attorney Advertising

Written by:

Latham & Watkins LLP
Contact
more
less

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide