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I couldn't agree more. In Berlin, where I live, there are re-occurring public protests around this very topic. In order to curb housing as an investment in Ber
by robert_foss 7y ago
I couldn't agree more. In Berlin, where I live, there are re-occurring public protests around this very topic.
In order to curb housing as an investment in Berlin, there is a two-tier tax system for money gained from selling an apartment for example.
- The profits from the sale of apartment that you've lived in less than 2(?) years will be taxed at 50%
- The profits from the sale of apartment that you've owned for less than 10 years (but haven't lived in) will be taxed at 50%.
That being said, housing is still a problem, especially since it is relatively cheap in comparison to other EU capitals. Which means lots of people move here, and sometimes displace locals.