Berlin is the best german city to buy a property or an apartment

Berlin property prices  -  euros per m2 -


Berlin property prices map in 2017 

Berlin city property prices are the lowest among all major cities in Europe and Germany (2 times less than Munich, 3 times less than Paris and 4-5 times less than London). The catch-up of property prices in Berlin compared to other European capitals continues with double-digit price growth (10.8% in 2014, 10.1% in 2015 and 9,6%  in 2016) sustained by tremendous residential housing demand.
Moreover, the volume of real estate investments in Berlin city was multiplied by 3 since 2014 to reach € 10 billion (against € 3 billion in 2014), reflecting a growing demand from investors for properties in Berlin.
Property ownership rate in Berlin is particularly low with less than 20% of owners in the city, which leaves a significant margin of development of the real estate market in the long term. The high occupancy rate (ca. 98%) and population growth (ca.50 000 people per year), would support housing demand for the next years and are forward development factors for Berlin property prices.


Berlin property price per area from 2013 to 2016



The strong catch up trend of property prices in Berlin and the prospects for important price appreciation are prime factors to invest in Berlin real estate market.


Berlin property prices per m2 per area

The median property price in Berlin is around 3290€ per m2 (355 $ per square foot) by end 2016.

This general average price combines vacant properties with tenanted investment properties and that are sold at a discount of 20% to 30% compared to vacant condominiums.

This due to the very high demand on vacant homes and the important lack of property offer on the market.

The residential property prices in the city central districts are currently around these levels:

  • Mitte district: the price for vacant properties in Berlin Mitte starts at 5000 € / m2 for period/existing buildings. For historical reasons, there are very few offers of period apartments in Mitte. However, buyers have more choice in the new with promising real estate programs in terms of capital gain with prices starting at € 5500 / m2. It should be noted that Mitte has a special status with a concentration of international demand on this most central district of Berlin. Investment properties (already tenanted) start around 4000€/m2.
  • Prenzlauer Berg: being the most sought-after area in the east of Berlin, property prices in Berlin Prenzlauer Berg start from 4500 € / m2. There are few new projects under construction with prices starting at 5500 € per sqm. Investment properties in Prenzlauer Berg (already tenanted) start around 3500€/m2.
  • Friedrichshain: prices start from 4000 € / m2 in existing or period buildings. For buyers looking for a perfume of history, it is possible to acquire a Stalinien style apartment around the Karl-Marx Allee (reputed very solid and classified buildings). There are some new real estate developments starting from 5500 € / m2 and reach 8000 € / m2 on the docks near the Mercedes Arena.Investment properties (already tenanted) start around 3000€/m2.
  • Neukölln: prices in Neukölln start around 3800 € / m2. The neighborhood is undergoing a major transformation and a strong demand in particular from Nordic countries buyers. Investment properties (already tenanted) start around 3000€/m2.
  • Kreuzberg: prices in Kreuzberg start around 4500 € / m2 and are increasing significantly due to the scarcity of properties and the classification of the central areas of Kreuzberg especially around the Markthalle 9 that limits the offer of condominiums. Investment properties (already tenanted) start around 3800€/m2.
  • Schöneberg: this central area between East and West also has a scarcity of apartements for sale and prices start at 4200 € / m2. There are some new programs next to diplomatic area of Tiergarten with prices starting around 5500€/m2. 
  • Charlottenburg and Wilmersdorf: property prices in these two districts of west-Berlin start at 4500 € / m2 in particular in the area around the Castle (Schloß) and increase significantly around Savigny Platz and Kurfürstendamm. Investment properties (already tenanted) start around 3500€/m2.
  • Steglitz: a popular district for Berliner families, prices per m2 in Berlin Steglitz start at less than 4000 € / m2 and have a good potential given the development of the neighborhood around Schloßstrasse.Investment properties (already tenanted) start around 2800€/m2.
  • Wedding: prices in Wedding start are around 3200 € / m2 and the area offers a good property investment in Berlin given its proximity to Mitte.Investment properties (already tenanted) start around 2500€/m2.


Berlin property market price evolution



Berlin neighborhood Berlin property prices growth %  2015-2016 
Charlottenburg - Wilmersdorf +9,4
Friedrichshain - Kreuzberg +8,9
Lichtenberg +23,0
Marzahn-Hellersdorf +15,0
Mitte +5,5
Neukölln +17,6
Pankow +12,9
Reinickendorf +12,5
Spandau +23,7
Steglitz-Zehlendorf +9,0
Tempelhof - Schöneberg +21,0
Treptow - Köpenick +5,0
Average +9,6


 Source: CBRE Wohnungsmarktreport


Investment tip in Berlin (price per m2):

The prices of the m2 of an already tenanted apartment in Berlin can represent a discount of up to 30% compared to a m2 price for a similar vacant property on the market. This is due in particular to the shortage of vacant apartments and the high demand on residential housing.

For buyers looking for a pure rental investment or buy-to-let in Berlin with significant potential for capital gain, this could be a good option to buy at a very good price per m2 in Berlin.


*This map shows the general level of Berlin property prices. Please, note that within a single area, prices 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 Berliners gives a high importance.



+49 (0)30 41717274


Please send your request. Our team will contact you back