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Berlin’s vote to take properties from big landlords could be a watershed moment | Alexander Vasudevan

2:28 AM

The successful referendum to expropriate the city’s apartments from corporate landlords is a potential template for Europe

With coalition talks that could last months under way to form Germany’s next government, the reverberations of Sunday’s election will be felt for quite a while. But one of the most significant developments in voters’ weekend trip to the polls was a local referendum in Berlin, which strongly endorsed a campaign to expropriate properties owned by large corporate landlords.

More than a million Berliners supported the campaign Expropriate Deutsche Wohnen & Co, which targeted companies holding 3,000 or more apartments (Deutsche Wohnen is one of the largest investment trusts in the city). In total, 240,000 properties, or 11% of all apartments in Berlin, would come under the terms of the initiative, which was backed by a majority of 56.4% in the referendum. The vote isn’t legally binding, however, so it is now up to the city’s government, which was also elected on 26 September, to decide whether to move forward. And while struggles over housing are nothing new in Berlin, this successful campaign marks a potentially transformative moment – one that could have a major impact on housing struggles in other cities, and also serve as a template and inspiration for activists in Europe and elsewhere.

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from The Guardian https://ift.tt/3F0f5dC

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