Update on Munich’s Housing Market

In order to reform the German tenancy law, on June 1st 2015 the government decided to introduce two major changes to the housing market: Bestellerprinzip (“client-pays-agent principle”) and Mietpreisbremse (literally “rental brake”). The first one indicates that the person who appoints an estate agent has to pay the agent’s commission. In most cases, that would be the landlord. The Mietpreisbremse…