Housing Market Report Berlin

09.11.2020

Berlin Overview – Dynamic economy, declining migration. Berlin’s positive economic development is unbroken and will probably receive a further boost in the near future. In terms of demography, the city is growing at a more restrained pace, especially in areas where there is little new construction.

New construction – activity remains heterogeneous and growing. In Berlin, the construction of rental apartments dominates project activity. Numerous major projects are being implemented or are in the new-construction pipeline.

The housing market – is more diverse than ever. The cheapest offers for rental apartments are stagnating in part, while prices, in general, continue to rise. Sales prices continue to rise, especially in the lower
segment. The highest prices for condominiums and most properties for ownership are offered in the city
centre.

Metropolitan Area – Families, in particular, are moving to the outskirts of the city. As has been the case for years, the asking prices in the surrounding areas are continuing to rise. First and foremost, Berliners are moving from the city to the outskirts. For commuters, the decisive factor in which area they chose is often how quickly they get into the city and back again.

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