Munich has a new measure for 01.06.2023 seized, to strengthen the protection of tenants. A conversion ban for apartments has come into force with immediate effect. This rule aims to do that, to restrict the conversion of rental apartments into condominiums and to protect the existing rental market.
The conversion ban comes at the right time in view of the tense housing situation in Munich. Rising rents and the scarce availability of housing have led to this, that many tenants have difficulties, find decent and affordable housing. The conversion ban is intended to protect tenants from displacement, by maintaining the stock of rental apartments.
According to the conversion ban, it is no longer possible for owners of rental apartments in Munich, easily convert them into condominiums. This will prevent, that landlords are taking apartments out of the rental market and selling them as condominiums instead. This offers tenants a certain security and stability, as their homes will be preserved for the long term and they will not face the challenge unexpectedly, to find new accommodation.
The conversion ban in Munich is an important step, to improve tenant protection and stabilize the housing situation in the city. It is part of a comprehensive package of measures, that aims to, to obtain affordable housing and protect the interests of tenants.
Tenants in Munich can now breathe a sigh of relief, since the conversion ban offers them a certain security and protection. The city is sending a strong signal against rent increases and displacement and is committed to a livable living situation for all residents.