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Die Linke pledges expropriation of 200,000 Berlin flats

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Story summary
  • Berlin’s coalition, led by Die Linke candidate Elif Eralp, pledged expropriation of over 200,000 private flats.
  • Die Linke won 25.7% of the vote on 20 September, its strongest Berlin result.
  • Infratest dimap poll found 51% opposed and 37% supported the socialisation plan.
  • Kiel Institute valued the assets at €40.2 billion and said expropriation would not ease the shortage.
  • Shares of Vonovia SE and Grand City Properties AG fell about 20% this quarter on policy risk.