Condominiums in Prenzlauer Berg

Buying an Apartment in Berlin-Prenzlauer Berg (Pankow)

Looking for a modern apartment in Berlin’s Prenzlauer Berg district? You’ve come to the right place! Filter your property search by price, size, or number of rooms and find your dream home with balcony, terrace, or garden at a prime location in Prenzlauer Berg. The ZIEGERT portfolio includes a multitude of high-quality new apartments for sale, ranging in size from one room to five. Whether you’re looking for an elegant penthouse, a spacious family home, or a compact city flat with parking space, you’re sure to find something you love from among our broad range of real estate options – no matter whether you’re looking to occupy or let. Purchase a high-yield property in Prenzlauer Berg today or buy an apartment in Berlin, with high potential for appreciation!

Flats in Prenzlauer Berg - many students and families

Locals call it Prenzlberg. Today, it’s one of the more well-to-do neighbourhoods in Berlin. Bordering on Weißensee and part of the larger borough of Pankow, it has – unlike those two areas – attracted scores of young and alternative people over the last few decades. It’s also developed as a stronghold of students and artists, to say nothing of culinary diversity. Its hip cafes, bars, clubs, restaurants, and theatres are bustling day and night with interesting people. And thanks to the high percentage of families that call the neighbourhood home, you’ll also find a number of playgrounds and leisure activities for young people in this ever youthful district.

The advantages of Prenzlauer Berg at a glance

For investors

  • 11.63 % increase in purchase prices in 2018
  • 6.68 % increase in rental prices in 2018
  • 5.806 € average price / m²

For owner-occupiers

  • Popular nightlife mile with trendy restaurants
  • Refurbished old buildings in Wilhelminian architecture
  • Ideal infrastructure and connections

Comparison of purchase price and rental price*

11.63 %
Purchase price increase
Buying an apartment
In 2018, purchase prices for apartments in Prenzlauer Berg rose sharply.
5.806 €
Ø Price per m²
Buying an apartment
In 2018, the average price per square metre for an apartment in Prenzlauer Berg was €5,806.
6.68 %
Rent increase
Apartment Rental
In 2018, rental prices for apartments in Berlin again rose sharply.
13.26 €
Ø Price per m²
Apartment Rental
In 2018, the average price per square metre for a rental apartment in Prenzlauer Berg was €13.26.

Market developments in Berlin Prenzlauer Berg

In 2018, the price per square metre for an apartment in a new building in Prenzlauer Berg averaged €5,806, up from €5,201 in 2017 – an increase of 11.63 percent. For a 60 square metre apartment in Prenzlauer Berg, that amounts to a purchase price of around €348,360 ; for an 80 square metre apartment, about €464,480. Spacious new apartments of 120 square metres cost around €696,720. 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 Prenzlauer Berg can be expected, especially given the neighbourhood’s high desirability.

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19th century architecture meets trendy modern life

Prenzlauer Berg has changed considerably in the last two decades. Once run-down, its charming streets are now among the most beautiful in Berlin, thanks to a serious and extensive refurbishment effort. Here, you’ll find what may very well be the largest collection of gorgeous old 19th century buildings in the city, interspersed with picturesque squares and streets full of small local shops. The new luxury apartments in the heart of the neighbourhood are particularly coveted by prospective buyers, who know that Prenzlauer Berg is a great choice for anyone looking to invest: thanks to the district’s sustained popularity, property purchases here are a smart and sound choice.

Prenzlauer Berg south, east, and northwest

Most of Prenzlauer Berg has been renovated – a fact reflected in real estate prices. Apartments around Schönhauser Allee, for example, the district’s main thoroughfare, have risen considerably in recent years, not least given the preponderance of prewar apartments in the area. Prices in the northwestern part of the neighbourhood, by contrast, are still relatively affordable, largely because the market here is dominated by prefabricated high-rises and single-family homes. But no matter what part of the district you invest in, you’ll benefit from excellent infrastructure and high quality of life.

Age distribution in Berlin Prenzlauer Berg

Share
17 %
9 %
41 %
16 %
7 %
10 %
Age
Younger than 18
18 - 27
28 - 45
46 - 55
56 - 65
Older than 65
(as of 2018)