Molkenmarkt: new construction project for 450 apartments started!

Molkenmarkt: new construction project for 450 apartments started!

Molkenmarkt, 10179 Berlin, Deutschland - in the heart of Berlin, in the Mitte district, the development of the whey market has officially started. As the Senate Department for Urban Development, Building and Living announced, the starting signal for the construction of eight buildings was initially given on Thursday. The whey market, formerly an important place of foundation in the city, is converted into a modern, diverse neighborhood through this project. The focus is on Block B along Grunerstraße and Jüdenstrasse, where a total of 450 affordable apartments are to be built. The plans also provide for areas for commercial and cultural uses, which will enliven the neighborhood, as Berliner-zeitung.de

Rental price brake in Berlin remains central

The construction project comes at a time when rental prices in Berlin are increasingly under pressure. The rental price brake, which applies all over Berlin, allows the rent at the beginning of a tenancy a maximum of 10 % above the local comparison rent. For example, apartments whose comparison rent is, for example, € 500, can be rented out for a maximum of € 550. This regulation has an impact on tenants who have moved in since August 2022 and can find out more about the query service to the Berlin rent index, such as berlin.de in detail.

The rental price brake rules exclude new apartments that were first rented after October 1, 2014, as well as apartments that are offered after extensive modernizations. In this context, the development of the whey market will probably also influence Berlin's rental price policy, whereby the need for affordable living space plays an increasingly important role. It is expected that the implementation of these projects is associated with the relevant regulations and the necessary transparency.