presented Five weeks before the Start of the collection of signatures for the referendum “Deutsche Wohnen and Co expropriate” the initiators of the first estimates of cost of possible compensation for the apartment company. These are the Initiative is that, depending on the calculation model between 7.3 and 13.7 billion euros.
Recently by the Association of Berlin-Brandenburg housing companies (BBU) in the ongoing discussion of compensation brought in sums of up to 25 billion euros Rouzbeh Taheri, Chairman of the Initiative, described as “quite absurd”. The same is true for the Part of the BBU expressed fear that in the event of expropriation, all leases would lose their validity. “Such a scenario we already know from other people’s desire,” said Taheri. He acknowledged that the calculations and underlying data situation is “difficult”.
country would have to pay 1.5 billion euros
The Taheri preferred calculation model according to the purpose of the compensation proceedings, to determine the value of a property to the Proceeds by “affordable Rent”. As “affordable” applies to the rent when a tenant 30 per cent of its net income must apply for the gross warm rent of his apartment. The income is at the level of the poverty line – 60 per cent of median income – the affordability limit of one square meter price of 3.29 euros in Single person households. The apartment of five people, is inhabited, increasing the affordability limit to 4.98 euros per square meter.
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can be financed to 80 per cent loan, Taheri. The equity share of 20 percent would cost the state of Berlin, according to these projections, around 1.5 billion euros. A refinancing of the credit as share of the ongoing rental income Taheri and associates to keep within a period of 30 years is feasible.
Up to 210 000 homes affected
How realistic are the cost estimates of the Initiative is that could show in the coming days. Then the Senate Department for urban development intends to submit its own estimate, which is currently in progress. This is to be sent out the same time as the Senate administration for internal Affairs, as well as the initiators of the referendum, said a spokeswoman from the city’s development Senator Katrin Lompscher (Left). The party had put on its party Congress clearly behind the demands of the referendum.
it is Unclear how many companies would be affected by expropriation, should be coming in a referendum, provided for a maximum limit of 3000 dwellings per company actually. Currently, the Deutsche Wohnen between eight and ten companies, the largest of these with around 114.000 apartments. Overall, could be affected, according to Taheri approximately 210,000 dwellings of expropriation.
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