Real Estate Berlin
Real estate search in Berlin - what to look out for?
The federal capital Berlin is booming, and has been for years. The economy is growing, new and interesting start-ups are regularly emerging here, and the metropolis is also important from a political point of view. Berlin is also considered a particularly attractive and worthwhile place to live. No wonder, then, that more and more people are attracted to the city every year who would like to settle there permanently. Find out here what to consider when looking for real estate and what the housing market is like and feel free to use our Property Search.
Versatile, well networked and attractive: that's Berlin
Tiergarten offers several advantages for families, as it boasts numerous kindergartens, seven schools and a very good infrastructure to these educational institutions. Green spaces such as the famous park provide a beautiful cityscape and are popular with young and old for jogging, barbecuing or football matches.
If you like it a little quieter, you will feel at home in the southwestern district of Steglitz-Zehlendorf. The affluent part of town requires a little higher living costs, but also has a lot to offer. Here you will find city villas and detached houses with a generous cut, green spaces characterise the cityscape and surround the houses. In addition, Zehlendorf has excellent connections, schools and day-care centres as well as a very good supply on site.
The development of real estate prices in Berlin
Due to the unbalanced relationship between supply and demand – there are only a few vacant properties, but increasing demand from numerous newcomers – sufficient time should be allowed for when looking for accommodation in the capital. In addition, purchase and rental prices have risen steadily in recent years – for all property sizes and types. This price increase is least noticeable in the purchase of residential property, which is only slightly above the German average. However, if you are looking for a rented apartment, you should expect slightly higher expenses. This is due to the enormous demand for all districts, including those that have so far received less attention.
Characteristics of real estate in the capital city
Its versatility and rich variety are among the typical characteristics of the metropolis on the Spree. This also applies to the local real estate. Here you will find a colourful mixture of different architectural styles that have emerged in the past centuries. Magnificent quarters from the Gründerzeit characterise the appearance of the city centre, for example on Kurfürstendamm. Public facilities and squares are characterised by the style of Prussian classicism. These include the State Opera, the Museum Island and Bebelplatz. The structural development of the city continues to progress due to various projects – change is basically the primary constant of Berlin.
Characteristics of the real estate market in Berlin
- Despite rising prices, the costs are on a low level in the German and European comparison.
- The highest brokerage fees in Germany are charged in Berlin
- Objects that were built between 1960 and 1980 can be obtained at a reasonable price.
- The biggest price increases were seen in sales and new lettings in the S-Bahn ring segment
- Despite rising costs, there is still an enormous demand for apartments – whether rent or purchase – in the German capital.
- Those who orient themselves more towards the outskirts near the border benefit – with the exception of some attractive locations – from lower prices.
- Further construction projects are to increase the available living space. These have already been realised in Adlershof or Tempelhofer Feld or are still being planned and will also contribute to a more attractive cityscape.