Berlin apartments for sale
Higher purchase prices impact rent levels in the medium term. Berlin residential rents have risen continuously since 2007, due to an imbalance between supply and demand during a high demand for housing.
According to recent figures from the Berlin Tenants’ Association, the number of households has increased by 134,800 in the past decade, but the number of additional flats has risen by just 33,366. Berliners currently spend a quarter of their income on rent, according to the map of living costs created by the German Real Estate Association – similar to residential rent spend in Munich. However, Munich residents pay
€ 13.82 per square metre, almost twice rental prices in Berlin.
According to Wohnungsboerse Berlin, the net rental price for new contracts on flats in Berlin averages €7.98 per square metre per month. The net rental price based on existing contracts, without operating or heating costs, averages €6.49 per square metre.
Average prices for new rental agreements by area:
The most expensive Berlin districts are stately Grunewald (€11.71) and Mitte (€11.53) followed by Friedrichshain-Kreuzberg and Prenzlauer Berg (€9.75), Charlottenburg- Wilmersdorf (€9.52), Pankow (€8.92) and Steglitz-Zehlendorf (€8.50). Districts with below- average prices include Neuk