Apartments in Berlin Mitte

The choice is yours: since the last administrative reform, Berlin Mitte has consisted of three districts – Mitte, Tiergarten, and Wedding. The upshot? A diverse and colourful mix of neighbourhoods to suit a variety of lifestyles and needs. Here, in Berlin’s second smallest district, you’ll find not only the seat of Germany’s federal government, but plenty of the Berlin’s most famous sites and attractions. Both those looking to invest and those looking to build a home will find here a constantly changing – and thus constantly fascinating – urban environment.

Apartments in Mitte, like in neighbourhood Charlottenburg, are in the upper price segment. Last year alone, purchase prices went up around 6.53 percent. Due to the high influx of politicians and businesspeople, there’s also a high demand for temporary accommodation. That makes Mitte an ideal place to invest in residential real estate. And given the type of clientele looking to rent in this area, investing even in larger apartments makes a great deal of sense.

In 2018, the price per square metre for an apartment in a new building in Mitte averaged €6,834, up from €6,415 in 2017 – an increase of 6.53 percent. For a 60 square metre apartment in Mitte, that amounts to a purchase price of around €410,040; for an 80 square metre apartment, about €546,720. Spacious new apartments of 120 square metres cost around €820,080. 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 Mitte can be expected, especially given the neighbourhood’s high desirability.