Price survey for resale apartments
Research institute empirica evaluated listing data from Berlin newspapers and online portals for the first quarter of 2016 on behalf of the LBS purchase price index. The result: resale apartment prices had risen noticeably in nearly all boroughs since 2013. Low interest rates and Berlin's continued population growth drove demand well above the available supply of apartments.
Mitte: highest prices, wide range
The borough of Mitte recorded the highest listing prices, averaging 3,511 euros per square metre. The range ran from 2,631 to 4,763 euros per square metre. Central location, good infrastructure and strong demand explain the price level.
Marzahn-Hellersdorf: lowest prices citywide
At the other end sat Marzahn-Hellersdorf. The average price per square metre was 1,774 euros, with a range of 1,389 to 2,249 euros. For investors looking at undervalued boroughs with upside potential, this was a relevant data point.
Notable spread in Spandau
The price range in Spandau stood out. The lower end was 1,714 euros per square metre, the upper end 3,723 euros, exceeding even Tempelhof-Schoeneberg, where the range was 2,053 to 3,610 euros. Such differences within a single borough show how much micro-location, construction period and fit-out quality influence pricing.
Full price data are available in our market report.
