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A
Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
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Phoenix Spree Deutschland Limited (LSE: PSDL.LN), the UK listed investment company specialising in German residential real estate, comments on the ruling by the German Federal Court on the legality of the Mietendeckel
Federal Court rules against legality of Mietendeckel
The Company welcomes the ruling by the German Federal Court today on the legality of the Mietendeckel. PSD and its legal advisors have always been firmly of the opinion that the Mietendeckel was unconstitutional and that State law could not supersede Federal law, a view which has now been upheld by the highest court in Germany.
Positive financial impact
The final phase of the Mietendeckel became effective on 23 November 2020 and had already been fully implemented by the Company. QSix, the Company s Property Advisor, has previously estimated that the financial impact of the combined measures for the financial year ended 31 December 2020 was in the region of 4 per cent of gross rental income and that, in
Questor: investors should stay alert to charges but high costs are not always as they seem telegraph.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraph.co.uk Daily Mail and Mail on Sunday newspapers.