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Tour de France stage 11: Froome extends lead

Germany's Tony Martin won the time trial on stage 11 of the Tour de France on Wedneday but the big winner may have been Britain's Chris Froome, whose second place finish enabled him to tighten his grip on the yellow jersey.

Tour de France stage 11: Froome extends lead
Chris Froome grimaces during Wednesday's time trial. Photo: Pascaul Guyot/AFP

Tour de France leader Chris Froome tightened his grip on the yellow jersey after finishing second on the 11th stage time trial won by world champion Tony Martin on Wednesday.

Martin had set the early pace for a windswept 33 km course from Avranches to Mont Saint Michel in 36min 29sec but had a nervous wait as Froome threatened to upset his hopes of victory.

In the end Team Sky's leader Froome came home in second place at 12secs adrift but finished more than two minutes ahead of principal rival, two-time champion Alberto Contador of Spain.

"It was a long wait," said Martin, who started 65th from the 182 starters.

Belgium's Tomas De Gendt, of Vacansoleil, was closest to challenge Martin before Froome went but was 1min 01sec slower than the German at the finish line to end up third.

Martin admitted he was surprised to see Froome challenge his mark.

"At the start I was quite sure I would hold on because I had a good lead on Thomas De Gendt. I didn't think Froome would get so close," he added.

As Martin watched nervously from the hot seat, Team Sky leader Froome came home in second place at 12secs adrift.

However the Kenyan-born Briton's effort meant he finished more than two minutes ahead of principal rival, two-time champion Alberto Contador of Spain,
and his compatriot Alejandro Valverde.

Contador, considered Froome's biggest rival ahead of four tough stages in the Alps beginning Sunday, could only finish 15th at 2:15.

He jumped up two places to fourth overall but has gone from being 1:51 behind to 3:54 in arrears.

Fellow Spaniard Alejandro Valverde began the day at 1:25 behind Froome but despite remaining in second place overall the Movistar team leader is now 3:25 behind Froome

Froome, who won Olympic time trial bronze in London last year, said he had achieved what he set out to do.

"I'm very happy with the time I set. The objective today was to try and take the maximum time possible from my rivals," he said. "I hope to keep it in the next days."

Earlier in the race British rider Mark Cavendish had urine thrown in his face by a spectator.

The incident happened during the 33-kilometre individual time-trial from Avranches to Mont-Saint-Michel in Normandy, a day after Cavendish was blamed for a collision that sent Argos rider Tom Veelers crashing to the ground in Saint-Malo.

"Probably some spectators were not very pleased with what happened yesterday and they yelled to him and then one other idiot threw urine at him," Omega Pharma team CEO Patrick Lefevere told AFP.

"Mark is not upset, but he is really disappointed because he thinks he didn't deserve this."

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REAL ESTATE

EXPLAINED: What’s happening to house prices and rents in Germany amid the coronavirus crisis?

There's an increased demand on the real estate market in Germany at the moment, and there's drama looming for tenants in Berlin. Here's a look at what's going on.

EXPLAINED: What's happening to house prices and rents in Germany amid the coronavirus crisis?
Frankfurt am Main. Photo: DPA

Ever dream of owning your own home in Germany? Well, sadly, it has become more expensive since the beginning of the pandemic.

In the second quarter (April to June), condominiums were on average 1.3 percent more expensive than at the beginning of the year. Compared to the second quarter of 2019, the increase was 5.9 percent. That's according to Research and Consulting Company for Housing, Real Estate and the Environment (F+B), which Spiegel reported on Monday.

Surprisingly, the price increase for single and two-family houses was even higher than that of apartments. Compared to the previous quarter, the prices of houses increased by 2.9 percent – and even by nine percent year-on-year.

This is unusual because prices for condos in Germany have almost always risen much faster than those for houses over the past 10 years.

Experts said more people are choosing to buy homes in Germany.

“In view of historically unparalleled low lending rates, it seems to be more economical for many buyers to invest in owner-occupied properties instead of renting,” said F+B Managing Director Bernd Leutner.

READ ALSO: Housing in Germany – here's where demand and prices are soaring

It is not known for definite whether the sharp rise in the price of single-family homes is due to increased demand resulting from the coronavirus crisis, for example because families are looking for more space and gardens – but it could be a factor.

The F+B Residential Index measures the rent and price developments on the German real estate market. The index is based on the supply data of more than 30 million properties throughout Germany.

What's happening to rent?

Unlike homes, rents have hardly risen at all in the past two years. Even in the second quarter, there was only a minimal increase in new contract rents, researchers found. Compared to the previous quarter, rents rose by 0.4 percent and by one percent year-on-year.

Rents for existing properties rose by 1.3 per cent year-on-year. “On a national average, the increase in rents is therefore manageable,” said Leutner.

Berlin tenants face paying back millions of euros

There could be major problems looming for Berlin tenants

The controversial rent freeze came into force on February 23rd this year which resulted in lower rents for many tenants. But experts say it could be overturned at any moment, leaving tenants liable to pay pack the difference.

The core issue being debated in courts is whether the state of Berlin is allowed to legislate in this area.


Housing in Berlin. Photo: DPA

If the Constitutional Court overturns the rent cap, many tenants in Berlin will face paying back huge amounts, according to F+B.

Due to the still unclear legal situation, there is currently a split rental market in the city. There are “shadow rents”, i.e. “the market rents”, which are usually higher than the price of the rent cap.

And on the other hand, there's the “official” rent costs corresponding to the rental price cap. The research company analysed the advertised rental apartments before and after the law came into force and “observed the existence of two rent indications in one and the same apartment advertisement”.

READ ALSO: Berlin's district court rules in favour of rental price cap

This is often associated with the remark that “the landlord reserves the right to retroactively claim the difference between the rent cover rent and the market rent”. The tenant has to agree to this in the rental contract.

SEE ALSO: The complete guide to how you can (still) live cheaply in Berlin

According to F+B the difference is clear to see: for 3,133 apartments offered between February 23rd 2020 and June 30th, F+B assumes a capped average rent of €7.05 per square meter

However, the market rent for the apartments is an average of €13.63 per square metre – a difference of €6.58 per square metre. With an average apartment size of 60 square metres, this would mean a total difference of €1.2 million per month which tenants would have to cough up.

“The longer the decision drags on, the greater the threatening additional claims,” says F+B managing director Leutner. At the same time, the massive difference in costs shows the advantages of the new rent freeze for tenants.

In any case, a quick clarification would be in the interest of all parties involved, said the research firm.

READ ALSO: 'We're setting a clear stop sign': Berlin passes five-year rent freeze law

Despite receiving the support of Berlin's state parliament, the law is opposed by Germany's federal government which argues that regulating housing costs is a federal rather than a state matter.

 

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