Berlin Real Estate Market Report, Status 23.07.2024

Does the recent 0.25 basis point cut in the ECB's key interest rate signal a new price cycle in the Berlin real estate market? GUTHMANN® suggests it’s not the expected trend reversal, but it does offer a fresh start. It remains unclear how banks will react to this ECB move and its impact on interest rates. As of 23.07.2024 , the development over twelve months is -1.70 % percent. The shorter the observation period, the flatter the price decline. Over a three-month period, we even measure a small increase of 1.50 %. In the rental market, asking rents have developed by about 6.60 % over 12 months.

Apartment Building Report Berlin 2024

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Market barometer

Median asking prices and asking rents at a glance. Deviation in percent compared to the same period of the previous year. Clicking on a line will take you to the district reports.

  • Prices
  • Rents
District Existing properties 12 month price development Existing properties Median offer price New properties 12 month price development New properties Median offer price
Charlottenburg
+2.00 % 6,220 EUR/m²
+3.20 % 11,000 EUR/m²
Friedrichshain
-1.20 % 6,020 EUR/m²
-1.30 % 9,110 EUR/m²
Köpenick
-2.30 % 4,820 EUR/m²
-6.30 % 7,280 EUR/m²
Kreuzberg
-9.10 % 6,270 EUR/m²
-4.20 % 10,150 EUR/m²
Lichtenberg
+2.70 % 4,690 EUR/m²
+10.20 % 7,160 EUR/m²
Marzahn-Hellersdorf
-16.50 % 3,660 EUR/m²
+8.70 % 5,700 EUR/m²
Mitte
-2.00 % 8,220 EUR/m²
-1.10 % 13,890 EUR/m²
Moabit
+3.90 % 5,350 EUR/m²
+5.80 % 9,280 EUR/m²
Neukölln
-5.70 % 4,650 EUR/m²
+11.50 % 8,670 EUR/m²
Pankow
-6.10 % 4,700 EUR/m²
-6.50 % 7,030 EUR/m²
Prenzlauer Berg
-4.10 % 6,760 EUR/m²
-3.80 % 11,000 EUR/m²
Reinickendorf
-3.50 % 4,250 EUR/m²
-4.60 % 7,180 EUR/m²
Schöneberg
+1.30 % 5,940 EUR/m²
+0.10 % 10,260 EUR/m²
Spandau
-3.00 % 3,970 EUR/m²
+10.20 % 6,620 EUR/m²
Steglitz
+0.50 % 4,850 EUR/m²
-3.80 % 7,850 EUR/m²
Tempelhof
+0.50 % 4,400 EUR/m²
+0.90 % 6,430 EUR/m²
Tiergarten
-4.30 % 8,160 EUR/m²
-14.40 % 9,620 EUR/m²
Treptow
-1.70 % 4,190 EUR/m²
+1.60 % 6,510 EUR/m²
Wedding
-2.90 % 4,500 EUR/m²
-2.50 % 7,500 EUR/m²
Weißensee
-7.70 % 4,710 EUR/m²
-0.60 % 8,480 EUR/m²
Wilmersdorf
-0.30 % 6,590 EUR/m²
-14.80 % 9,630 EUR/m²
Zehlendorf
-6.20 % 5,450 EUR/m²
+12.70 % 11,270 EUR/m²
District Existing properties 12 month price development Existing properties Median offer price New properties 12 month price development New properties Median offer price
Charlottenburg
+8.30 % 19.90 EUR/m²
-10.90 % 25.70 EUR/m²
Friedrichshain
+3.90 % 14.00 EUR/m²
-5.80 % 26.00 EUR/m²
Köpenick
+5.90 % 13.30 EUR/m²
+1.50 % 19.50 EUR/m²
Kreuzberg
+4.30 % 15.55 EUR/m²
+4.50 % 28.25 EUR/m²
Lichtenberg
+12.20 % 13.05 EUR/m²
-19.10 % 20.15 EUR/m²
Marzahn-Hellersdorf
-6.40 % 10.00 EUR/m²
-0.30 % 19.95 EUR/m²
Mitte
+1.80 % 21.90 EUR/m²
-10.10 % 30.35 EUR/m²
Moabit
+8.60 % 15.10 EUR/m²
-29.50 % 25.85 EUR/m²
Neukölln
-1.80 % 10.95 EUR/m²
-6.90 % 21.90 EUR/m²
Pankow
+6.40 % 12.90 EUR/m²
-10.20 % 21.40 EUR/m²
Prenzlauer Berg
-4.70 % 15.60 EUR/m²
-3.80 % 25.00 EUR/m²
Reinickendorf
+1.00 % 11.70 EUR/m²
-2.50 % 20.50 EUR/m²
Schöneberg
-5.00 % 13.95 EUR/m²
-11.70 % 23.15 EUR/m²
Spandau
+12.10 % 12.20 EUR/m²
-4.20 % 17.90 EUR/m²
Steglitz
+4.60 % 14.05 EUR/m²
-14.00 % 21.85 EUR/m²
Tempelhof
+14.90 % 11.80 EUR/m²
+10.40 % 21.40 EUR/m²
Tiergarten
-0.70 % 19.85 EUR/m²
-7.40 % 30.00 EUR/m²
Treptow
+22.90 % 14.25 EUR/m²
-6.80 % 21.25 EUR/m²
Wedding
+9.40 % 12.55 EUR/m²
-4.80 % 25.45 EUR/m²
Weißensee
+5.00 % 14.20 EUR/m²
-17.10 % 22.75 EUR/m²
Wilmersdorf
+5.90 % 18.85 EUR/m²
-11.90 % 26.75 EUR/m²
Zehlendorf
+13.10 % 15.90 EUR/m²
-38.40 % 20.30 EUR/m²

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Evolution of the real estate market in Berlin.

We analyse over a long time series how the spectrum of real estate offers in Berlin is developing. We cluster the market into price segments. You can immediately see how supply and demand affect rents and purchase prices. You see, district by district, how local markets develop.