The Expropriate Deutsche Wohnen campaign has estimated that compensating the current owners of the targeted property would cost only €8 billion ($10.5 billion)—about €34,000 per unit. Deutsche Wohnen & Co enteignen: Wie Juristen das beurteilen Berlin wants a referendum on expropriating corporate ... A recent study sponsored by the German government shows the harrowing results of this increase: for the average single renter, only 5 percent of apartments are affordable. The vote passed with a resounding "Yes" vote of 56.4% in Sunday's . Expropriation initiative collects almost 50,000 signatures ... In 2019, our referendum campaign Deutsche Wohnen & Co. enteignen ("expropriate Deutsche Wohnen & Co.") broke dramatically onto the political scene, corralling 40,000 Berliners onto the streets in the largest renter's demo the city had ever seen. DW and Co. Enteignen (Expropriate Deutsche Wohnen and Company), a group that initiated the referendum, declared victory and called on the city senate to draft a law to expropriate and socialize large housing groups. Photo: Expropriate Deutsche Wohnen & Co/roarmag.org. More voices joined and small groups began to hop with sheer excitement. Astonishing thing just happened in Berlin (during the ... 'Deadly for a democracy': The group campaigning for non ... First report: Berlin - Political bang in the capital. For the first time in German post-war history, a majority voted in favour of socializing large real estate companies to combat displacement and housing shortages. The idealogy . Vonovia on the election of the Berlin House of Representatives and the referendum to expropriate Deutsche Wohnen & Co.: Berlin needs a new way of working together on housing. Find the perfect expropriate deutsche wohnen stock photo. The Expropriate Deutsche Wohnen & Co (EDW) campaign was born. The initiators of the campaign reflected this fact by naming it Deutsche Wohnen & Co Enteignen, which translates to Expropriate Deutsche Wohnen & Co. The calculation is based on Berlin's low average income level, and a rate of €4.00 to €4.50 per sqm per month as a reasonable rent. Deutsche Wohnen is a strange construct as well, more of a financial company than a real estate company. 'Expropriate Deutsche Wohnen and Co.' collected 343,000 signatures supporting the fight against skyrocketing rents. "The deciding factor," Euronews noted, "will be if the city has to pay the market price for the apartments." The initiative is based on Article 15 of the Basic Law,which, however, has never been used before. This fundamental question has been at issue for years in the capital Berlin, where 20 years ago large, inexpensive apartments in old buildings were almost in abundance. Such a referendum is unique in the history of the Federal Republic. Instead of privatized housing, the activists involved in this campaign are . We . Deutsche Wohnen: Expropriate! Share. Activists from the Expropriate Deutsche Wohnen and co. campaign in front of the Brandenburg Tor in Berlin The referendum vote came after Germany's constitutional court overturned an attempt by left-leaning parties to impose a rent cap in the German capital Voters in the German capital, Berlin, alongside casting ballots for the makeup of the new German parliament and for their local legislature . The vote was the result of a grassroots campaign to "Expropriate Deutsche Wohnen and Co." A successful vote would open the way for the Berlin Senate to devise a law that would allow for expropriation of real estate companies with more than 3,000 housing units. Within the inner city, that number plummets to less than 1 percent. Property companies like Deutsche Wohnen have profited from this, buying nearly $50 billion in large-scale real estate development since 2007, more than London and Paris combined. (Paul Zinken/AFP/Getty . And this explains why, in September, 56% of Berlin voters ticked yes on a referendum titled Expropriate Deutsche Wohnen, which tasks the city to seize property from any company that owns more than 3,000 apartments in Berlin. Berlin's rents have doubled since 2009. Voters were asked if they approved of the expropriation of the property of private real-estate companies with 3,000 or more units in the city, through public purchases by the Berlin state government. Last month's successful referendum to "expropriate Deutsche Wohnen & Co." marks a milestone for the tenants' movement—in Berlin and beyond. Bochum, 27 September . Expropriate Akelius! I am one of the many activists who have worked together on this campaign. The initiative, Expropriate Deutsche Wohnen & Co. said it had collected 130,000 signatures in its petition drive. This is what happened in 2017 with the Tegel referendum, in which a majority of over 56 percent voted in favor of the continued operation of Tegel Airport . The first results were in and they were looking very good. The Berlin election night's most exciting result was not whether the Social Democratic Party's (SPD) Franziska Giffey or the Green Party's Bettina Jarrasch would become the mayor of Berlin, but whether the referendum "Deutsche Wohnen & Co enteignen" (Expropriate Deutsche Wohnen & Co) would receive majority support. Within the inner city, that number plummets to less than 1 percent. The "DW und Co. Enteignen" (Expropriate Deutsche Wohnen and Co.) referendum campaign has now cleared all its electoral hurdles. More voices joined and small groups began to hop with sheer excitement. The representatives of the initiative known as Expropriate Deutsche Wohnen & Co, which has lobbied for the measure since 2019, welcomed the result on Monday and said they would put pressure on the . Constitutionality. Activists want to expropriate the Berlin real estate company. Companies would be reimbursed for the properties at a rate "well below market value," according to the campaign. For the first time in German post-war history, a majority voted in favour of socializing large real estate companies to combat displacement and housing shortages. Expropriate deutsche wohnen Get Live News Updates Every Minute from Vimarsana.com Curated from 23000 News Agencies. Hildburg Bruns Dealing with the referendum "Expropriate Deutsche Wohnen & Co" is THE cliff for a new edition of red-green-red in the capital. Die Initiative »Deutsche Wohnen & Co. enteignen« jubelt ausgelassen in der Wahlnacht: Knapp 57 Prozent der teilnehmenden Berlinerinnen und Berliner stimmten zeitgleich mit der Bundestagswahl . Last month's successful referendum to "expropriate Deutsche Wohnen & Co." marks a milestone for the tenants' movement—in Berlin and beyond. 2021, referendum organized by local initiative Deutsche Wohnen & Co Enteignen (German for "Expropriate Deutsche Wohnen & Co") but falsely calls the outcome of the nonbinding referendum "decisive." Preliminary results published on September 28, 2021, showed that 56.4% . Therefore, even if it is successful, the Senate is not obliged to draft a corresponding law on expropriation. Crucially, more than 25% of all elibible voters in Berlin voted yes, a difficult requirement that has previously tripped up other popular campaigns. Fact Check: Berlin Vote To Expropriate 240,000 Apartments Is NOT Legally Binding Fact Check Sep 29, 2021; by: Sarah Schmidt . 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