In 3 Years a maximum of +20% is allowed, in certain cities +15%.
However this is still way more than normal inflation, so it is not enough. And: this is only for existing places. So landlords get around that by either taking down old buildings and building “Luxus” apartments, or renovating old apartments to justify higher increases.
Short explanation for germany:
In 3 Years a maximum of +20% is allowed, in certain cities +15%.
However this is still way more than normal inflation, so it is not enough. And: this is only for existing places. So landlords get around that by either taking down old buildings and building “Luxus” apartments, or renovating old apartments to justify higher increases.