- Number of offers of capped apartments dropped by around 56 percent
- Net cold rent of uncapped apartments increased by about 14 percent
- Net cold rent for capped apartments dropped by about 4.5 percent
The PropTech company PriceHubble, which specialises in data-driven real estate and market analyses, has examined the effects of the Berlin rental cap in a recent study. For the analysis, a net total of around 100,000 apartment offers posted on major real estate portals during the past two years in Berlin were analyzed. A distinction was made between apartments that were built before 01.01.2014 and for which the rental cap is therefore applied ("capped rental apartments") and those apartments that were built after 01.01.2014 and can therefore continue to be offered as "uncapped rental apartments".
Apartments affected by the rental cap are taken off the market
The number of offers of capped rental apartments has significantly decreased by about 56 percent after the regulation came into force, while the offers of uncapped rental apartments in the market have only slightly decreased by 9 percent. Since a significant decline is only observed for capped rental housing, exogenous shocks affecting the entire market, such as the Corona pandemic, can be ruled out as an explanation.