Apartments in Berlin Friedrichshain

Like Kreuzberg, Friedrichshain is one of Berlin’s most popular neighbourhoods. Divided from Kreuzberg by the River Spree, Friedrichshain is a magnet for young people in particular, especially those newly arrived in Berlin. It’s also one of the most multicultural parts of the city, right along with Kreuzberg and Wedding. Over the last few years, a colourful and lively mix of nationalities has found its way to this trendy neighbourhood in eastern Berlin.

From an investor’s perspective, Friedrichshain is also highly attractive, one of the few central neighbourhoods still rich in open space for new residential construction. Continued positive development in the coming years can thus be expected, including in terms of purchase prices and rents. Last year alone, the purchase price of an apartment in Friedrichshain shot up by 14.5 percent. The portion of families in the neighbourhood is 22 percent.

In 2018, the price per square metre for an apartment in a new building in Friedrichshain  averaged €6,326 , up from €5,999 in 2017 – an increase of 5.45 percent. For a 60 square metre apartment in Friedrichshain, that amounts to a purchase price of around €379,560 ; for an 80 square metre apartment, about €506,080. Spacious new apartments of 120 square metres cost around €759,120. Naturally, prices go up for extras like balcony, roof garden, lavish interior, or optimal orientation that provides for unusually good sunlight and views. Given the tight housing market in Berlin right now and the low level of residential construction activity in relation to demand, a further increase in purchase prices for apartments in Friedrichshain can be expected, especially given the neighbourhood’s high desirability.