Berlin’s new tech recruits make berlin's housing market at boom

Berlin’s new tech recruits makes berlin's housing market at boom

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New tech recruits in Berlin are being instructed to take any apartment they can get,

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Because of city's housing shortage, Berlin startup in tech suffering from competitive risk with cities like London, paris and silicon valley

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It's a huge task for a city that has expanded to become Europe's third-largest technology hub.

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Newbies are stuck in berlin for a months insearch of permanent apartment.

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Most of them are giving up and move back to home and the serious issue for new startups.

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Where as with increasing inflation causes increasing in apartments rent which can't be affordable.

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The main issue for Berlin's tech sector is a lack of supply, so higher wages provide little relaxation.

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Because 75% of Berlin residents live in rented housing, housing policy has a substantial effect.

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The city's housing crisis was accelerated by the hiring of thousands of software coders and engineers who were paid more than most locals.

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Despite housing issues, the city's tech sector has reached key volume, thanks to success stories such as home-grown e-tailer Zalando SE.

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