Berlin real estate market development

Berlin is ranked as the best city to invest in real estate in Germany and in Europe. Berlin attracts german and international buyers and investors thanks to attractive property prices, tax advantages and strong capital appreciation potential. In this way, Berin real estate investment market tripled since 2014 from 3 billion to 10 billion euros per year.

Berlin property prices

With average 3290€ per m2 (355$ per sqft), are currently the lowest among major European capitals and cities : in instance property prices in Berlin are 2-3 times lower than Paris or Munich and 4-5 times lower than prices in London. In addition, residential real estate in the city is registering ca. +10% per year price growth which insures postive long-term perspectives for property investment in Berlin.

A property purchase in Berlin city gives the opportunity to benefit from unique tax advantages like low property tax, mortgage interest deduction and purchase cost amortization. With a holding period of 10 years, owners benefit from a full tax exemption on capital appreciation. 

The growth of Berlin homes price is driven by strong demand fundamentals like thepopulation increase of over 50,000 people per year against less than 10,000 new properties per year. In addition, Berlin homes ownership is less than 25% which leaves an important room for the long-term development of the real estate market and prices in Berlin.

First Citiz Berlin real estate  agency

Our english-speaking estate agents offer you a full service for your property purchase or sale in Berlin that covers all the steps of the transaction process. We manage large listings of Berlin apartments and properties for sale, in central city central areas like Mitte, Prenzlauer Berg, Kreuzberg and Charlottenburg. In addition to our Berlin real estate listings, we offer a customized property search service, based on your purchase and investment criteria.

If you are interested to buy an apartment in Berlinwith a  property mortgage in Germany, we will advise you about the market interest rates and mortgage amounts (LTV) and we could manage your german mortgage application in Berlin.

Regarding rental process for investment properties in Berlin (buy-to-let), we provide you with full assistance on all aspects of property management including the search and the selection of new tenants.

If you have questions regarding Berlin real estate market, property prices, property nvestment and management process, our team is at your disposal for any information.