Oh but half the city is under construction work right now, they're building shopping centers, offices and hotels (I can count at least 6 10+ storey buildings being constructed in a 600m radius from my place, only one is for flats)
Investors want to max out how much money they make, tourists bring way more money than the general population, especially in Berlin
Yeah, it sounds like shopping centers, offices, and hotels are being built because they will be profitable, since there's no artificial limits on their profits.
Housing isn't profitable, so it's not being built. And more and longer rent freezes will worsen the problem.
The developers are being very rational here in what they're choosing to build.
Oh but half the city is under construction work right now, they're building shopping centers, offices and hotels (I can count at least 6 10+ storey buildings being constructed in a 600m radius from my place, only one is for flats)
Investors want to max out how much money they make, tourists bring way more money than the general population, especially in Berlin