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AI-generated
The Greek island of Tilos has abolished its landfill and achieved a recycling and composting rate of almost 90 percent. This surpasses the Greek and EU average, making Tilos the first island with Zero Waste Cities certification.
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SPD candidate Steffen Krach rejects a left-wing alliance after the Berlin election on September 20 if property owner expropriations were part of the policy. A new poll shows the CDU leading with 21 percent, while the SPD has fallen to 11 percent.
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The expansion of AI data centers in the US is leading to a significant increase in orders for acoustics firms. One engineering firm has seen its inquiries rise from four to five per year to four to five per month.
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Rising rents forced 58 percent of tenants to cut spending on retirement, healthy food, or healthcare last year. The German Tenants' Association calls for a nationwide rent freeze and a doubling of social housing.
Real EstateWelfare & PovertyHousing & Urban Development
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AI-generated
Germany is facing a shortage of approximately 1.4 million homes, with the social housing stock falling to one million. Nearly a third of tenants worry about affording rent in the future and are cutting back on other expenses.
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Berlin faces a budget deficit of 6.3 billion euros for 2027. Potential revenue sources being discussed include increasing property transfer tax or taxing luxury real estate.
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70 organizations are demanding a nationwide rent cap through a petition. A survey indicates 55.5 percent of respondents, including 50.2 percent of CDU voters, support this. The Berlin SPD did not participate in the initiative.
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Berlin's rent and housing cadastre, which requires landlords to provide information on apartment size and gross rent, could start regular operation in 2028 at the earliest. Implementation is delayed due to complexity, preparation of a Europe-wide IT tender by year-end, and potential legal challenges.
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A foundation is acquiring properties to create affordable housing. A property owner near Munich is providing his estate, valued at ten million euros, for this initiative.
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Ecuador's Supreme Court has found former President Lenín Moreno guilty of corruption. Bribes totaling $76 million were paid in connection with the construction of the "Coca Codo Sinclair" hydroelectric plant by Sinohydro. Moreno announced he will appeal the verdict.
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