Major Change in Finding Rental AccommodationSeveral developments make finding apartments for rent easier in Germany's capital city, Berlin
By: berlin-rental.com This change has also been driven by important developments in the city itself. Firstly, ever since Berlin regained its status as the capital city of Germany, the economy has taken off. Next to a slew of startups, Berlin's significant industries include IT, pharmaceuticals, biomedical engineering, clean tech, biotechnology, construction, and electronics. Many international tech firms such as Google, Amazon and Tesla are increasing their footprint in the capital. In addition, Berlin is lined with embassies and consulates that bring in a stream of diplomats from across the world. Berlin has thus become a magnet which in turn has led to a shortage of homes and surging rental costs. To counter this trend, new legislation in recent years attempted to freeze, cap or lower rental prices. One of the legal loopholes landlords discovered was to rent their assets on a furnished basis. As a result of these trends, online estate agents mushroomed. Despite a lack of housing in general, people moving to Berlin are now able to easily scout out rental accommodation suiting their taste and wallet. Please find a summary and further details on this recent shift in rental landscape of Berlin at https://berlin- End
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