Posted by on July 16, 2019 7:02 am
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Categories: µ Newsjones

Move to renationalise buildings follows protests over rising property prices in the city

The state of Berlin has bought back 670 apartments on the historic Karl-Marx-Allee from a private owner after decades of property privatisation in the German capital.

A 1950s prestige project for socialist East Germany, the grand boulevard that stretches from the city centre to Friedrichshain in the east has been the frontline of a months-long fight over gentrification and rising property prices.

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