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Large landlords in Germany consider rent increases as inflation soars

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Reuters UK

BERLIN (Reuters) – Germany’s largest residential landlord Vonovia will increase rents if high inflation rates persist, its chief executive officer said, as consumer prices in Europe’s biggest economy have reached the highest level in nearly half a century. “If inflation is permanently at four percent, rents will also have to rise accordingly each year in the future,” Rolf Buch, overseeing a portfolio of some 565,000 apartments, told business daily Handelsblatt in an interview published on Wednesday. “We cannot pretend that inflation will not affect rents.” Vonovia rival LEG, owner of about 166…

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