Condominiums in Berlin

Buying an Apartment in Berlin

Looking to buy a modern flat in Berlin? You’ve come to the right place! At ZIEGERT, you can search for your ideal home using filters to specify price, size, and room number, among other things. Use our property search. Here, you’ll find your dream apartment with balcony, patio, or garden in prime locations throughout the German capital. We offer a broad variety of newly built units, ranging from studios to four-bedroom homes. Whether you’re looking for a sleek penthouse, spacious family home, or compact studio with parking space, our portfolio covers an array of options for prospective buyers looking to securely invest and potentially occupy a new apartment. Now is the time to purchase a highly profitable flat in Berlin with bright prospects for considerable value appreciation down the line.

Owning a flat in Berlin – how to find the perfect place

Berlin is one of the most interesting and diverse cities in the world. Its economy is flourishing, and it’s a global epicentre, both politically and culturally. It should come as no surprise, then, that the German capital is attracting more and more new residents. Life in Berlin is rich in variety, with a thriving art and nightlife scene. Property buyers from all over the world appreciate the city’s contemporary and high-quality architecture, not to mention its excellent public transportation system, which covers not only the city centre but most of the outlying districts as well. Given all this, it’s no wonder that more and more people are thinking about settling and buying property in the bustling city on the Spree.

Costs to expect when purchasing residential property in Berlin

Berlin offers a high quality of living – and a wealth of attractive and high-quality flats. Most of the city’s real estate consists of prewar buildings in good condition or newly built living quarters with excellent amenities. This strong housing stock has produced a steady increase in purchase prices, which are slightly above average compared to other German cities, though still lower than those in comparable cities like Hamburg, Stuttgart, and Munich.

There are several factors that influence the market price of an apartment, including the year of construction, amenities, location, and size. Flats located in the eastern part of Berlin, for example, are slightly more affordable than those in the west. If you were to buy a 120 square metre flat in Treptow-Köpenick, a neighbourhood in east Berlin, you’d be looking at a price tag of around €532,000. In Grunewald, one of the city’s westernmost districts, a comparable flat would be more expensive. Small flats of up to 30 square metres are generally a bit pricier than medium-sized units if one compares the price in relation to size. For a smaller flat, you should anticipate spending around €150.000 – or closer to €339.500 if the flat has been modernised. Apartments with more floor space, by contrast – say, 50 square metres – will also range between €250.600 and € 566.000.

What’s the Berlin real estate market like?

Over the past couple years, quality of life in Berlin has steadily improved. Compared to other cities across the world, the German capital is considered an outstanding place to live and work, with excellent schools and public transportation to boot. This has attracted a steady flow of new residents – and also created a housing shortage. Only two percent of the city’s properties are currently vacant as the demand for housing continues to grow. Meanwhile, the Berlin continues to grow in popularity. Its population has swelled by 42,400 new residents since 2018, resulting in a total population of 3.75 million. Most newcomers are interested in studio, one-bedroom, or two-bedroom apartments. In order to satisfy the immense and growing demand, the city government plans to build 12,000 new units per year. Many of these projects are still in the planning stages, with scores of prospective buyers already lined up.

Lucrative investments in a flourishing economy

Buying property in Berlin offers many benefits, including several economic advantages. After many years of remarkable development, the local economy remains strong, even slightly above the German average. As local businesses continue to expand, start-ups are flocking to the city. This has led to a considerable population of entrepreneurs compared to other similarly sized cities across Germany and Europe. On top of that, Berlin’s proximity to green areas, cultural diversity, and tolerant atmosphere attract many people looking for personal and professional fulfilment.

Things to consider before buying

Before you decide to buy a property in Berlin, you might want to clarify your personal priorities. Would you prefer a prewar building or something more contemporary? What’s most important to you when it comes to size and amenities, and how will you finance your purchase? Other factors like local infrastructure, available parking, and utility spaces (e.g. a laundry room) are important to consider when choosing a property.

Living in Berlin: what to expect

The ideal location for your prospective flat depends on your personal preferences and expectations. Mitte, Kreuzberg, and Charlottenburg are among the most popular districts in Berlin. Mitte is the beating heart of the city; here, you’ll find countless famous sights like Checkpoint Charlie, the Unter den Linden promenade, and the Brandenburg Gate. Mitte also boasts shopping opportunities galore, including the famous Hackesche Höfe complex. Neighbouring Kreuzberg is awash in street cafés, restaurants, and vintage shops, such as those dotting the bustling Bergmannkiez area. Charlottenburg, on the other hand, is known for being a bit more upscale and traditional, home to some of the city’s most impressive architecture, including a multitude of magnificent villas.

Quiet residential areas in Berlin

Berlin is home to several areas that offer quiet environs and numerous green spaces, but are still well connected to the city centre by public transport. Districts like Wilmersdorf in the south or Weißensee in the north are quaint and family-friendly, offering excellent schools within walking distance – but still just a train ride away from the city’s more bustling central areas. If you prefer the urban hustle and bustle right at your doorstep, Schöneberg might be a good fit. This area is a hub for artists and creative types and is centrally located close to Tauentzienstraße and the famous Kaufhaus des Westens, or KaDeWe, which boasts countless shopping opportunities.

Price developments for apartments in Berlin

In 2018, the average buying price per square metre for a flat in a new building was €5,694 – an 8.23 percent increase compared to 2017, when the average was €5,261. Roughly calculated, that means the current buying price for a 60 square metre flat in Berlin is about €341,640; for an 80 square metre flat, €455,520. A spacious newly built flat of 120 square metres will set you back around €683,280, though the price will go up if you want a balcony, rooftop garden, lavish fittings, or optimal orientation to catch more natural light. Because the housing market in Berlin is currently so tight, with construction activity low in relation to demand, it’s likely that purchase prices will continue to rise. Meanwhile, the city remains a very attractive place to live.

ZIEGERT DIGITAL in connection with data from empirica regio (Datenbasis), Immobilienscout24, Immowelt and the Office for Statistics Berlin-Brandenburg

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