These facts and figures speak for the Berlin real estate market

Picture Berlin Real estate market beautiful old building

Jakobs real estate informs about current tendencies in the Berlin property market. According spring report 2017 of Central Real Estate Committee ZIA: Condo Prices increased faster than the rents, whereas new rents grew slower than 5 years ago. Low interest level justify the slightly exaggerated prices. ZIA point, that new home construction and slower influx, could lead to price decrease. CBRE and Berlin Hyp however indicate unchanged influx, approximate 40.000 each year, three-quarter 20 – 30-year-old, as well as still strong demand and good chances in Berlins real estate market.

Berlin and the Berliner real estate districts

The reason why property in Berlin is so popular

The popularity of Berlin, also in job offers and tourism, originates in the quality of living, multitude of institutions of education the varied cultural and art scene, green spaces, perfect local transport and accessibility. Despite the rising rents and real estate prices during the last year, the price level in Berlin is still affordable, compared to other metropolises. However, up to now at below-average spending capacity and income, whereas the number of employment circumstances and household incomes grow. The vast majority are 1 to 2 person households. The number of smaller households keeps on rising. Planning and development of new construction, presently more tenements than condos, do not supply the need foreseeably, for now.

How and where rents and prices develop in Berlin

The property assets kept rising in 2016, e.g. Condo by 9.6 % and rents on offer by 5.6 % up to 9 €/sqm/month on average, whereas marked differences exist between the Berliner Districts. Rents in Berlin (€/sqm/month) rose in Charlottenburg Wilmersdorf up to 10,21 €, Mitte 10,48 €, Tempelhof Schöneberg 8,81 €, Kreuzberg Friedrichshain 11,04 €, Pankow 9,57 €, Steglitz Zehlendorf 9,25 €, Treptow Köpenick 8,12 €. Above average rises are reported in Neukölln (9,47 €, +17,1 %) and Marzahn Hellersdorf (6,7 € + 10,2 %). Lichtenberg increases to 8,49 €, Spandau 7,29 €, Reinickendorf 7,90 €. Offers for ready-furnished flats mount 27.4 % of all rental offers, especially in Charlottenburg-Wilmerdorf, Friedrichshain-Kreuzberg and Mitte. Source: CBRE Data basis empirica-systeme

Which Berlin districts are popular for freehold flats or condos

Mitte (4.139), Friedrichshain-Kreuzberg (3.926), Charlottenburg-Wilmersdorf (3.713), Pankow (3.442) have an upper price range, (= average, medium price on offer €/sqm), followed by Tempelhof -Schöneberg (3.119 + 21 %). A middle price range is recorded for Steglitz Zehlendorf (3.096) and Lichtenberg (2.868 + 23 %), wheras Neukölln (2.778 + 17,6 %) still surprises. Rising demand is reported in Wedding, too. Treptow-Köpenick (2.650) Reinickendorf (2.251), Spandau (1.939 + 23,7 %), Marzahn-Hellersdorf (1.917 -6,3 %) offer entry-level opportunity prices and long term increase potential. Numbers source CBRE Data basis empirica-systeme

Why Berlins homes grow into the surroundings

Detached houses and flats near Berlin offer, to live in green surroundings, with fast, comfortable access to all Berlin advantages. Potsdam leads in prices and as biggest city in Brandenburg near Berlin. Increasingly popular are towns, with city train or regional train station. Towns like Teltow, Mahlow, Blankenfelde, Erkner, Zeuthen, Neuenhagen, Strausberg, Bernau, Birkenwerder, Hohen-Neuendorf, Birkenwerder, Hennigsdorf, Falkensee, Ahrensfelde qualify as price alternative to Berlin for interested buyers and tenants. Especially families could profit by more school and childcare offers at several locations in Brandenburg.