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TEG - TAG Immobilien AG News Story

€24.78 -0.3  -1.0%

Last Trade - 24/02/20

Sector
Financials
Size
Large Cap
Market Cap £3.06bn
Enterprise Value £5.06bn
Revenue £344.2m
Position in Universe 224th / 1050

Merkel: Price transparency, home building are answer to German housing shortage

Fri 14th June, 2019 10:36am
BERLIN, June 14 (Reuters) - Chancellor Angela Merkel said on
Friday it was right to make pricing on Germany's booming rental
market more transparent but warned that it had to remain
attractive for private investors to build new housing stock.
    Merkel said the best way to tackle a housing shortage was to
build new homes. Affordable housing has become a hot topic in
Germany, with an influx of people to big cities pushing up
costs.
    Berlin's housing senator proposed a five-year rent freeze
from January 2020 after thousands took to the streets in April
demanding the expropriation of more than 200,000 apartments sold
off to big private landlords. Shares in property companies
dropped on the announcement.  urn:newsml:reuters.com:*:nL8N23D1HS

 (Reporting by Thomas Escritt
Editing by Michelle Martin)
 ((MichelleHannah.Martin@thomsonreuters.com; +49 30 2888 5223;
Reuters Messaging:
MichelleHannah.Martin.thomsonreuters.com@reuters.net))
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