The luxury property market in Berlin is experiencing strong growth with the renovation of buildings of the Art Nouveau era and the transformation of old craft or early 20th century buildings into industrial lofts: Also several new luxury apartments in Berlin are being developed in areas like Schöneberg, Friedrichshain and especially Mitte.
The upscale real estate market in Berlin is distinguished by the diversity of the offer between period and new buildings. Generally, there are 4 options for a Berlin luxury property buyer:
With the exploitation of new land (often part of the ormer no-man's land of the Berlin Wall), the opportunity is offered to buyers of luxury properties in Berlin to acquire standing properties with modern amneties, energy-efficient contruction, high-quality fittings and generous terraces. High-end large penthouses with terraces of exceptional dimensions with breath-taking 360-degrees views over the city including the Alexanderplatz tower or the Victory column. Some developments include penthouses in Berlin built on two floors and could benefit from private rooftop gardens.
Example: Penthouse in Berlin Mitte for sale
Size: 132m2 -2 terraces totalling 50m2 with view over the city
Sale price: 857.000€
Buying a loft in Berlin
Several old craft and industrial buildings nowadays leave room for design lofts and often having heights under ceiling usually around 4m but could reach in some floors 7-8m which offer the possibility of creating a mezzanine floor. The lofts in Berlin are among the most sought-after properties for their authentic side, their historcial value, for the design and fashion sides and of course the exclusivity of these properties the nomber of central industrial buildings in Berlin is quite limited. The areas where one have more chance to find a loft in Berlin are Kreuzberg, Moabit and Mitte and the prices start around € 400,000.
Example: A loft in Berlin Mitte for sale next to the Spree banks
Size: 99m2 plus terrace of 12m2
Sale price : 671.000€
Like for London or Paris, well-located classical buildings that offer high-end standards (marble, stucco, moldings…) represent a good option for buying luxury real estate in Berlin. This option is being developed especially with the renovation of buildings with historical value (Denkmal), which in addition offer a significant tax-exempt effect (large part of the purchase. price of the apartment is a tax relief). Prices per m2 for this type of luxury apartments in Berlin start from 6000 € / m2.
These are luxury apartments built on the last floor with typical mansard surfaces. A part of the roof is often suppressed to make way for the terrace of the apartment. Many of these typical Berlin penthouses in have their private lifts and prices start at € 5500 / m2.
Example: Artist loft in Berlin Prenzlauer Berg (sold with designer furniture)
Size: 133m2 plus terrace of 16m2
Sale price: 705.000 €
In summary, the purchase of a luxury real estate home in Berlin offers the opportunity to acquire exceptional properties in the central districts and at very attractive prices compared to other Europe large capitals like London or Paris, which explains the local and international enthusiasm for luxury properties in Berlin.
It goes without saying that with the growth and exponential dynamics of the city, luxury real estate in Berlin has a very high potential for price growth. It is also possible to apply for mortgages in Germany for the purchase of a luxury apartment in Berlin for up to 70% of the price.
Our real estate agency in Berlin offer a selection of exclusive apartments for sale in great Berlin neighboorhoods.
We also provide our clients with advisory and full assistance during the purchase process in Germany.
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