[wuschel]

Sure.

In the case of Berlin inner city districts like Kreuzberg, Prenzlauer Berg et cetera have been rapidly changing in the last 10 to 20 years. This is in part because population is dying off/moving away, but also because developers are buying apartments and are actively removing the old inhabitants in order to be able to charge higher rents.

There are laws in Germany that regulate the increase in rental payments. However, with the current price levels in housing, only a new contract with a tenant can give an investor an income that justifies the price payed for a property. The 'historic' population that can not afford the new level of rent is pushed out to the outskirts of the city [1].

Other cities of this tier e.g. London have similar population and price effects.

[1] "Plattenbau" in Berlin - not so trendy. See: https://www.bz-berlin.de/media/plattenbau-sanierung-in-marza...

[MichaelZuo]

How does the regulation work for properties after major renovations? Can the rent be increased significantly if it becomes more luxurious? What about when the landlord or close family want to move in, and then after a few years moves on?