In Berlin all rents are controlled by default[1]. And despite similar purchase prices, rental prices are half of LA's.
[1] only newly built units or those renovated for more than 1/3 the value of the unit are allowed to be rented without price restrictions. This keeps the vast majority under rent control.
See e.g. Berlin vs LA: https://goo.gl/aNHzGQ
In Berlin all rents are controlled by default[1]. And despite similar purchase prices, rental prices are half of LA's.
[1] only newly built units or those renovated for more than 1/3 the value of the unit are allowed to be rented without price restrictions. This keeps the vast majority under rent control.