Pick of the day: Real Estate Locusts – Developers Cash in on Europe’s Poorest | SpiegelOnline

A shocking report by Der Spiegel on the coercive practices of large developers in the Berlin exploding rental market:

“International financial investors have spent billions to gobble up cheap real estate in Berlin. But a look at Scharnweberstrasse 111 shows how they and their ruthless middlemen are exploiting immigrants from Southeastern Europe to make profits.”

Read the whole story here: http://www.spiegel.de/international/germany/investors-and-middlemen-exploit-helpless-in-berlin-real-estate-market-a-887039.html

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