There was a referendum held in Berlin recently regarding the nationalisation of megaproperty holdings, which gave support to the idea that private individuals or companies should have limited numbers of residential investment properties. The local political leadership are now formulating legislation to go ahead with that proposal which will compensate landlords, nationalise their holdings, and limit future purchases.
With our current challenges around housing, should there be a limit to the number of residential properties that can be held in private hands? Or should we perhaps use taxation to persuade investors to look at more productive use of their savings?
Sorry for bumping into an old conversation. Limiting the number of residential properties that can be held in private hands could help address issues around affordable housing, especially in cities with high property prices. However, it's essential to consider how this could impact property investors and their ability to build wealth through property ownership. I suggest everyone hire a professional business advisor before deciding on the property. I hope it helps you!