Investment Protection Act: Justice Minister Hubig sees a significant need for clarification

Federal Justice Minister Stefanie Hubig still sees a significant need for clarification regarding the federal government's planned law to make socialization more difficult, as is being sought in Berlin. “There are still a lot of question marks and of course the debate is not over,” the SPD politician told the “Kölner Stadt-Anzeiger”. She takes the constitutional and political concerns very seriously.

At the same time, Hubig emphasized that she does not fundamentally reject the law. »If something has been decided in the coalition committee, then everyone is well advised to get involved constructively and work together in a spirit of trust. That's my line," she explained.

Law severely restricts opportunities for socialization

The federal government has already formulated the key points of the law. Socialization, for example of rental apartments, should only be possible if it can be proven that it is absolutely necessary and all other measures such as investments and housing subsidies have been exhausted. In the event of expropriation, compensation should be paid “immediately in money” and at the market value, which is determined by an appraisal.

The desired coalition of the Left, the Greens and the SPD in Berlin wants to socialize large private housing stocks. As can be seen from their exploratory paper, the parties in the capital want to take action against private housing companies with a portfolio of more than 10,000 apartments. They expect compensation costs of 16 billion euros - a sum that is probably below the market value of the apartments.