Thousands of Berlin residents took to the streets on Saturday to vent anger over...
BERLIN - Thousands of Berlin residents took to the streets on Saturday to vent anger over surging rents and demand the expropriation of more than 200,000 apartments sold off to big private landlords, which they blame for changing the character of the city.
Demonstrators marched through the city center under a giant model shark. Banners read “against rent sharks and speculators”. But with an influx of some 40,000 people a year in the last decade, rents have more than doubled since 2008, according to a study by online housing portal immowelt.de. The city is no longer a bargain for newcomers, and many of its longer-term residents say they are struggling.
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