Berlin property prices & real estate market trends
Looking to buy a property in Berlin?
We find for you the right property and manage the process from A to Z
Looking to sell a property in Berlin?
We offer you a free valuation & full sale process management
Interested in learning more about Berlin property prices and real estate market trends in the German capital? You are at the right place! Here you can find out all information you need about house prices development in Berlin:
- Key information for understanding house prices per area
- Berlin property market drivers
- Berlin’s real estate market development in the last years
- Real estate prices in Berlin’s central neighborhoods in 2026
Property Prices in Central Berlin in 2026
The essential about Berlin property prices in 2026
The average offer price for apartments in Berlin in 2026 is approx. 5700 € per square meter.
This is only a price average and hides many disparities that can make some apartments 2-3 times more expensive than others.
Indeed, property prices in Berlin differ a lot with most regards to the type of the property, building year, micro-location, the overall state of the property (amenities, fittings) and the tenancy status. The regulation on rentals and the very high demand for housing made of the ready-to-move properties in Berlin the most sought-after, hence the most expensive on the market. Below, you can learn about price ranges for apartments in central Berlin areas by early 2026:
- Tenanted period apartments: from 2,500 EUR/m2 to 5,000 EUR/m2
- Vacant period flats: from 4,500 EUR/m2 to 8.000 EUR/m2
- Upscale Vacant period flats: 7,000 EUR/m2 to 10,000 EUR/m2
- Vacant New build apartments: from 7,500 EUR/m2 to 9,500 EUR/m2
- Upscale new build apartments: from 9,500 EUR/m2 to 13,000 EUR/m2
Selection of apartments for sale
High-return investment: Vacant period apartment with balcony, centrally located
Berlin Central Station: Top Investments: New furnished serviced apartment for sale in Mitte
AAA investment in Mitte! Brand-new apartment with terrace
Maybachufer: Brand-new 1,5-Room Apartment with Balcony
Upscale New-Build 2-Room Apartment with Balcony next to Maybachufer
Right by Maybachufer: Brand-new 2-Room Apartment with Balcony
Solid investment: 2-bedroom apartment in quiet Grazer Platz location
New build: 1/2-Room apartment with terrace Kreukölln Maybachufer
Living by Maybachufer: Bright 2-Room Apartment with Balcony
Humannplatz: Rented 2-Room Apartment with Balcony for Investment in Prenzlauer Berg
Live, Work & Invest – Perfect for Café & Creative Business near Tempelhofer Feld
Stay updated about real estate prices in Berlin!
Berlin real estate market represents today a major international property market in Germany, Europe and worldwide. It is quite a competitive market, screened by private and professional investors worldwide.
Whether you are a landlord or an interested buyer, having a clear idea and regular updates about market trends and development real estate prices in Berlin would be great advantage.
Indeed, being acknowledgeable about latest real estate market developments and property price trends would be helpful for a good decision making when it come to buying and/or selling a property in Germany.
If you intend to buy an apartment, this would help targeting the right offers and seize the right opportunity at the right time.
If you intend to sell an apartment in Berlin, this would help you getting the right sale timing and strategy.
As an aspiring buyer:
- Invest in a property: If you intend to invest in a property in Berlin, getting a detailed idea about Berlin real estate prices, areas and apartment prices will make taking the right decisions for your investment in terms of property type, area, budget, rooms…
- Buy your home in the city: Whether you are currently renting or planning to move, understanding Berlin’s real estate market is key to deciding between continuing your lease or buying a home. This insight allows you to set realistic search criteria and define a precise purchase budget.
As a landlord/Owner:
- Have a market value update of your property: : If you own one or several properties in the city, having an update about house price trends in Berlin is valuable information that could help following the value development of your property.
- Take the right decision for selling: By following Berlin property market trends, you might cease the right window for selling. It allows you to take profit from price increase during positive cycles and to avoid market downturns at the right time.
Berlin property prices & pricing structure
Median property prices in Berlin
The median residential property price in Berlin was around 5700 € per square meter (approx. 529 € per square foot) by the end of 2025. However, as mentioned earlier, the median house price represents only an overall average and embeds important disparities of pricing between vacant, tenanted and newly built properties. In fact, the average price combines all types of property standings from basic standing properties to luxury real estate, different type of houses, micro-locations, floors, amenities.
Price disparities explained: vacant vs. tenanted apartments
It is noticeable, that the most important disparity in Berlin house prices is the one between vacant and long term tenanted apartments. Tenanted apartments in Berlin are offered at discount of up to 40 percent. This difference is due to the imbalance between an extraordinarily strong demand (driven by the demographic and due to the economic development of the city) and a quite limited supply of vacant homes (either for rent or for sale).
Supply, demand and record occupancy rates as key price drivers
In this way, the tight supply of vacant homes generated a record occupancy rate (either rented-out or owner-occupied flats) of more than 98% in 2025. This is a main key to understand the residential property market pricing in the capital of Germany.
A decade of growth: Berlin’s real estate cycle (2015–2025)
These structural imbalances between supply and demand help explain why Berlin has experienced one of the most dynamic real estate cycles in Europe over the past decade. Between 2015 and 2022, the Berlin real estate market entered a remarkable decade of growth, transforming the city into one of Europe’s most attractive property investment destinations. Following this peak phase, the market entered a correction period in 2022–2023 as rising interest rates and tighter financing conditions reduced transaction volumes. By 2024–2025, the market began to stabilize, supported by Berlin’s persistent housing shortage, high occupancy rates (over 98%), continued structural demand and slightly decreasing mortgage rates in 2026.
Driven by more favorable financing conditions and a steady influx of new residents, residential prices in 2026 show sustained long-term growth, reflecting Berlin’s international appeal and economic strength.
| District | Average apartment price |
| Charlottenburg-Wilmersdorf | 6,414 EUR per m2 |
| Friedrichshain-Kreuzberg | 6,544 EUR per m2 |
| Lichtenberg | 5,304 EUR per m2 |
| Marzahn-Hellersdorf | 4,200 EUR per m2 |
| Mitte | 6,667 EUR per m2 |
| Neukölln | 4,918 EUR per m2 |
| Pankow (inc. Prenzlauer Berg) | 6,219 EUR per m2 |
| Reinickendorf | 4,308 EUR per m2 |
| Spandau | 3,986 EUR per m2 |
| Steglitz-Zehlendorf | 5,263 EUR per m2 |
| Schöneberg-Tempelhof | 5,430 EUR per m2 |
| Treptow-Köpenick | 4,846 EUR per m2 |
| Berlin city average | 5,696 EUR per m2 |
Main facts about Berlin real estate prices development
Berlin represents one of the most international and most important real estate markets in the world. It is consistently ranked as one of the top real estate markets in Europe in terms of prospects.
Double-digit growth last years
The property market in Berlin has strongly developed since some years. The property price registered double-digit price increase in most of the last years.
Strong fundamentals
Berlin real estate market is sustained by 2 strong fundamentals. On one side, the booming economy & start-up hub that attracts approx. More than 30 % of German start-up funding and generate dozens of thousands jobs. On the other side, the huge housing demand in the city fueled by mostly young newcomers working in large tech companies such as Tesla, Zalando, Hello Fresh, Lieferando, N26 or Amazon.
Still attractive prices
Despite the sharp increase of prices, Berlin real estate prices remain affordable. Compared to other housing markets in Germany, house prices in Berlin are 1 to 2 times less expensive than in most large cities in Germany and Europe such as Hamburg, Munich, Stuttgart and Frankfurt, London or Paris. You can check the comparatives in our related article with the purchase prices for real estate in Germany.
Berlin property market background
In recent years, Berlin has gained increasing popularity among international private and institutional investors. In peak market phases, annual real estate investment volumes reached around €10 billion, highlighting the city’s importance as a European investment hub. According to PWC Emerging Trends in Real Estate® report for 2025, the capital of Germany is currently ranked amongst the 5 most attractive cities in Europe, in terms of real estate investment and according to Resonance Consultancy’s amongst the 10 best cities worldwide to live in. The first ranking is based on criteria such as the profitability and the prospects of capital appreciation and profit on resale. In the same ranking, we find Lisbon in the 10th place, Hamburg in the 9th, Frankfurt in the 8th place while Madrid and London top the ranking. For historical reasons, the city has a particularly low residential home ownership rate with less than 15% of owners (compared to 50% national average in Germany). This leaves a very significant margin of the long-term development and growth of the real estate market in Berlin.
Property price differences in central Berlin districts
The most popular and expensive areas are the most international districts of Berlin such as Mitte and Prenzlauer Berg. They are experiencing an important scarcity in terms of housing supply (vacant flats for sale and for rent). Friedrichshain and Kreuzberg district has prices that are generally 10-20% lower depending on the location. City areas such as Charlottenburg, Wilmersdorf and Schöneberg, which are more residential, have real estate prices around 10% lower than Mitte. In the districts of Wedding, Moabit, and Steglitz, property prices remain more affordable with around 20-25% discount. It should be noted that the district of Neukölln is currently the most dynamic of the whole city and has a very promising potential for investment with prices of approximately 20% cheaper than Prenzlauer Berg for example.
These figures are of course general and vary significantly depending on the micro-location of the property in the neighborhood. In this sense, an apartment located in the best locations of Prenzlauer Berg can far exceed an average location in Mitte. Similarly, a flat in the highly sought-after Schillerkiez in Neukölln will be more expensive and sold faster than a flat located next to Charlottenburg Castle.
If you are a landlord and want to have an accurate property appraisal, our real estate agency offers you a free property valuation service in Berlin, a local and international marketing service as well as turnkey management of the sale of your property in Germany.
Find the right property in Berlin here
Property prices in Berlin Mitte
In 2026, house prices in Mitte start around 7,000€/m2 for vacant flats in period buildings. For historical reasons and the construction of the cold war wall, there are very few offers of properties for sale in period buildings in Mitte. However, home buyers have more choice in the new buildings with prices starting at 11,500€/m2. It should be noted that Mitte has a special status with a concentration of international demand on this most central district of the capital of Germany. Real estate prices in Mitte for already tenanted period homes start around 3,500€/m2.
Property prices in Prenzlauer Berg
Currently the most sought-after area in East Berlin, property prices in Prenzlauer Berg start at approx. 6,000 €/m2 for buying a ready-to-move apartment. A one-bedroom apartment in good condition in an Altbau in Prenzauer Berg currently costs around € 350,000 (depending on condition, floor, amenities…). The most popular areas are around Helmholtzplatz, Stargarder strasse, Kollwitzplatz and Kastanienallee and prices per square meter are instead from 7,000 euros. In the few new developments under construction, prices start around € 11,000 / m2. For an apartment sold occupied with a regulated rent (in period houses), the real estate prices in Berlin Prenzlauer Berg start around 3,500 euros per square meter.
Property prices in Friedrichshain
Real estate prices in Berlin Friedrichshain start around 5,500 € / m2 in for a vacant apartment in a period house. For buyers looking for a scent of history, it is possible to acquire an apartment on the Stalinist-style Karl-Marx Allee (reputed to be very solid and listed buildings) for a slightly higher price point. There are soe new build with prices starting at € 9,000 per m2 but which can exceed € 11,000 per m2 on the river banks near the Mercedes-Benz Arena. For a purchase of a period rented apartment, house prices in Berlin Friedrichshain start around 2,800 euros per m2.
Property prices in Kreuzberg
House prices in Berlin Kreuzberg in period buildings start around 5,700 € / m2 and are increasing strongly because of the scarcity of housing supply and the classification of some areas especially around the Markthalle 9, the Begmannkiez and Wranglerkiez where prices are rather around 6,000 € / m2 for a vacant apartment (approx. 330,000€ for one bedroom vacant flat). For an investment (rented-out apartment) in Kreuzberg, the purchase price would be around 3,300 euros per m2.
Property prices in Neukölln
Vacant house prices in Berlin Neukölln in period buildings start around 5,300 € / m2. The neighborhood is undergoing a deep transformation and a strong demand, particularly from home buyers from Nordic countries, Brits and also French nationals. The most requested areas are located in the Schilletkiez, near the docks and around the Richardplatz. For a property investment (rented-out apartment with a reduced yield), the price per sqm would be around 2,800 euros.
Property prices in Berlin Schöneberg
This central neighborhood between East and West also has a scarcity of properties for sale and prices start around 5.700 € / m2. The best areas are around Akazienstr. and Winterfeldplatz. There are some new projects near the Diplomatic Quarter with prices starting from 9.500 € per m2. For period houses, tenanted house prices in Berlin Schöneberg would rather start around 3000 euros per m2.
Property prices in Berlin Charlottenburg
House prices in Berlin Charlottenburg, a very coveted neighborhood, start from 5,500 euros per sqm for vacant flats in sixties buildings in the north of Charlottenburg. Vacant apartments prices in well-maintained period buildings start at 6,000 € / m2. The most sought-after areas are around Savignyplatz, Kurfürstendamm and Oliverplatz where a one bedroom apartment is still affordable at approx. 7,000 euros per sqm. For a property investment, the prices of the apartments start at around 3,500 € / m2.
Property prices in Berlin Wilmersdorf
House prices in Berlin Wilmersdorf differ significantly according to the location. Grünewald and the area around Roseneck are relatively expensive with prices starting around 6,000 € per sqm. In other locations, such as the Fehrbelliner Platz, prices start around 5,500 € per sqm for vacant apartments. The prices of rented-out apartments start at around 3,300 € per sqm.
Property prices in Berlin Tiergarten
Tiergarten combines greenary, cultural landmarks and government institutions with well-connected urban living around Potsdamer Platz and Bahnhof Zoo that attract international residents and professionals. House prices in Berlin Tiergarten start at around €7,000 per square meter m for vacant flats. For tenanted properties with regulated rentals, house prices in Berlin Tiergarten start around 5,000€/m2.
Property prices in Berlin Wedding
The real estate prices for vacant apartments in Wedding start around 4,500 per m2 for period building and the neighborhood offers a good rental investment because of its proximity to Mitte and its huge development potential. For tenanted properties with controlled rent apartment prices in Berlin Wedding start around 2,800 euros per sqm.
Property prices in Berlin Moabit
House prices in Moabit start around 5,000 euros per sqm for vacant apartments. The most demanded areas are around Kaiserin-Augusta Ufer, Stephankiez and Huttenkiez. The district offers a good investment option because of its proximity both to Mitte and Charlottenburg. For tenanted properties with controlled rents, apartment prices in Berlin Moabit start around 2,800 euros per sqm. The prices would vary according to the monthly rent and the tenant profile.
For investors: Why invest in Berlin’s new-build real estate market?
No rental cap for new builds (Neubau)
A key advantage for investors is that newly built residential properties are exempt from the rental cap regulations (“Mietspiegel”), allowing market-based rents and greater flexibility. This creates a reliable rental income and value appreciation in a market with high rental demand and low vacancy.
Tax advantage for new builds
A key advantage for property investors in Germany is AfA (“Absetzung für Abnutzung”). If you’re planning to purchase a property as an investment, you can take advantage of a 5% annual depreciation allowance (AfA) under German tax law. This depreciation can help lower your taxable income considerably each year, which is especially attractive when investing in newly constructed residential properties.
Financial advantage with payment schedule
The MaBV (German Developer Regulation) protects buyers of new-build properties by linking payments to construction progress.
The developer may request a first payment of 30% after earthworks begin, and the remaining 70% in installments tied to specific building stages. Although the law lists 13 stages, they should be grouped into 6 partial payments, resulting in 7 payments in total.
Strong fundamentals & long-term growth
Berlin continues to see steady population growth, limited housing supply, and rising rental demand, supporting strong property values. As Germany’s capital is a major European business and tech hub within a strong national economy, the city offers long-term stability and attractive growth prospects for real estate investors.
Energy Efficiency & low running costs
Berlin’s new-build residential properties are designed in line with Germany’s latest climate regulations. Since 2024, newly installed heating systems must generate at least 65% of their energy from renewable sources. The advantages include reduced repair, maintenance, heating and electricity costs.
5 years warranty
New-build properties in Germany come with a five-year warranty covering structural defects. During this period, the developer is legally obliged to remedy any construction-related issues that arise, at no additional cost to the buyer. This warranty provides important financial protection and offers peace of mind.
No brokerage fees
Many new developments in Berlin are offered brokerage-free for buyers. This can result in savings of approximately 3.57% of the purchase price, improving overall investment efficiency and freeing up capital for furnishing for example.
New build project Eckert Carré in Berlin Friedrichshain
New build Pandion Midtown in Berlin Friedrichshain
Interested in buying a property in Berlin? Get in touch today!
Tel: +49 30 41 71 72 74 or Email : contact@firstcitiz.com
High-return investment: Vacant period apartment with balcony, centrally located
Berlin Central Station: Top Investments: New furnished serviced apartment for sale in Mitte
AAA investment in Mitte! Brand-new apartment with terrace
Living by Maybachufer: Bright 2-Room Apartment with Balcony
New build: 1/2-Room apartment with terrace Kreukölln Maybachufer
Humannplatz: Rented 2-Room Apartment with Balcony for Investment in Prenzlauer Berg
Live, Work & Invest – Perfect for Café & Creative Business near Tempelhofer Feld
Ready to move! 2 Room Home next to Charlottenburg Palace
Excellent investment next to Petersburger Platz: Brand-new 2-room apartment with balcony
Outstanding Tax Saving investment! Brand-new 2-room apartment with balcony
Tax Saving Investment next to Petersburger Platz! Brand-new 2-room apartment with balcony
Invest & Save Taxes! Brand-new 2-room investment property next to Petersburger Platz
Expert Real Estate & Market Insights in Berlin
360° Service: First Citiz real estate agency provides you with a comprehensive guidance on Berlin Property market: From detailed market insights and neighborhood analysis to the full process of buying an apartment in Germany. We support you at every stage, ensuring a smooth and transparent transaction
The leading English-speaking real estate agency in Berlin: First Citiz offers you a unique international marketing service as well as a full sale process management. Our English-speaking real estate agency in Berlin will also advise you on key aspects of real estate investment, including legal frameworks and tax regulations in Germany.
Large Portfolio: Choose from more than 300 properties, including penthouses in Berlin, luxury apartments, off-market opportunities, new developments, investment properties, and ready-to-move apartments.
Best areas: Our agency is specialized in Berlin’s central and most sought-after districts. If you are planning to purchase property in the German capital, our experienced team will guide you to the best apartments for sale in Berlin.
Mortgage assistance: You can also ask us about mortgage possibilities with a German bank or a credit institution in Germany as well as the current borrowing rates in Germany.
Free Property valuation service: If you are a landlord and thinking of selling your Berlin property, do not hesitate to contact us to have your property valued for free. Our service for your property valuation is 100% free of charge and non-binding!
*Note and disclaimer: The above-displayed Berlin price map, berlin property prices graphs and all the information about prices of properties and real estate market in Berlin, are not contractual neither binding. It’s subjective information that reflects subjective opinions of our team about housing prices and market in Berlin. We do not accept any liability for a non-updated information,, accuracy or completeness of any information or estimation of values. Error and outdated information can be expected. Please note that every area has important disparities in property market pricing. In this view, within a single area, apartment prices in Berlin can vary significantly based on criteria such as the status (vacant or tenanted), the yield, the year of construction and the micro location for which home buyers give a high importance.
Berlin Property Prices 2026 – Frequently Asked Questions (FAQ)
What is the average property price in Berlin in 2026?
The average asking price for apartments in Berlin in 2026 is approximately €5,700 per square meter.
However, actual prices vary significantly depending on the district, whether the apartment is in good condition, tenanted or vacant, and whether it is a new build or an older property.
Which Berlin districts have the highest property prices?
The most expensive districts in Berlin include:
- Mitte: approx. €6,667 per m²
- Friedrichshain-Kreuzberg: approx. €6,544 per m²
- Charlottenburg-Wilmersdorf: approx. €6,414 per m²
These central districts attract strong demand due to location, amenities, and investment appeal.
Which Berlin areas are more affordable?
More affordable districts include:
- Neukölln: approx. €4,918 per m²
- Marzahn-Hellersdorf: approx. €4,200 per m²
- Spandau: approx. €3,986 per m²
Outer districts generally offer lower prices per square meter compared to central Berlin.
Is Berlin real estate still a good investment in 2026?
Berlin remains a strong real estate market due to:
- Persistent housing shortages
- Population growth and strong rental demand
- Limited new construction supply
- Long-term price growth over the past decade
Although the market has seen stabilization and mild corrections in recent years, structural supply shortages continue to support long-term property values.