Housing shortage - Leftists demand support for high rent deposit
Due to the continuing housing shortage in Berlin, the Links fraction in the parliament requests the Senate to support apartment seekers who have to pay high security deposits. In a corresponding resolution, they advocate for the establishment of a deposit fund, the fraction stated. The high rental prices in Berlin lead to increasingly high security deposits. They can quickly reach several thousand Euros, argue the parliamentarians. For many apartment seekers without larger savings, this is hardly affordable.
The loan can be repaid in four years
According to the Left's proposal, up to half of the deposit required for renting an apartment, a maximum of 2,000 Euro, should be paid as interest-free loan from the fund. The repayment of the loan should go directly to the landlord. For the repayment, a maximum of 48 monthly rates are provided.
For apartment seekers who cannot pay a high security deposit, borrowing the money at high interest rates from banks often remains the only option, said the housing policy spokesperson of the fraction, Niklas Schenker. "We want to help people with low and medium incomes quickly and bureaucratically remove this hurdle."
The housing shortage in Berlin has led the Left-wing parliamentary group in the House of Representatives to advocate for a deposit fund to assist apartment seekers facing high security deposits. The high rental prices in Berlin have resulted in astronomical security deposits, making it unaffordable for many potential renters without substantial savings. The Left's proposal suggests covering up to half of the required deposit, capped at 2,000 Euro, as an interest-free loan from the fund.
