2 thousand euros for the rental of housing in Germany

In the German city of Baden-Württemberg the local government plans to introduce a program that can stimulate the rental property market. The demand is due to the fact that housing prices are among the highest in the country.

What does the program provide?

The required steps to implement the new strategy:

• the state allocates 1 million euros;
• money is distributed among local governments;
• landlords receive a one-time 2 thousand euros for renting an apartment or part of a house.

It is planned that such a program will be the next step towards increasing affordable housing in the region.