What is the vacancy rate in Berlin? Is it at all possible to actually get your foot in the door and rent a cheap apartment? The typical argument against price

What is the vacancy rate in Berlin? Is it at all possible to actually get your foot in the door and rent a cheap apartment? The typical argument against price controls is that it reduces returns and discourages investment and new development, which can make it extremely difficult to find an apartment. The article didn't touch on this much, but this one line suggested that developers were still happily involved. "...the large institutions that own much of the city’s housing stock are looking for a steady return rather than boom-and-bust cycles..." Of course low vacancies happen in aggressively pro-development cities too. Canada has similar pro-homeownership policies to Australia and Vancouver's real estate market is similarly high priced as Melbourne's. New condos in Vancouver are being developed aggressively and yet the vacancy sits at 0.5%.