Berlin Real Estate Market Report, Status 01.10.2024

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 01.10.2024 , the development over twelve months is -0.50 % percent. The shorter the observation period, the flatter the price decline. Over a three-month period, we even measure a small increase of 0.00 %. 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
+1.10 % 6,140 EUR/m²
+13.20 % 11,180 EUR/m²
Friedrichshain
+0.40 % 6,040 EUR/m²
-1.40 % 9,060 EUR/m²
Köpenick
-4.30 % 4,780 EUR/m²
-6.20 % 7,280 EUR/m²
Kreuzberg
-10.00 % 6,180 EUR/m²
-6.10 % 10,310 EUR/m²
Lichtenberg
+6.30 % 4,750 EUR/m²
+8.10 % 7,130 EUR/m²
Marzahn-Hellersdorf
-9.90 % 3,800 EUR/m²
+9.30 % 5,750 EUR/m²
Mitte
-2.50 % 8,140 EUR/m²
-8.60 % 13,260 EUR/m²
Moabit
+1.00 % 5,310 EUR/m²
+2.40 % 8,890 EUR/m²
Neukölln
+1.40 % 4,760 EUR/m²
+11.10 % 8,510 EUR/m²
Pankow
-7.40 % 4,600 EUR/m²
-6.00 % 6,950 EUR/m²
Prenzlauer Berg
-2.70 % 6,610 EUR/m²
-5.80 % 10,790 EUR/m²
Reinickendorf
-3.00 % 4,170 EUR/m²
-0.80 % 7,080 EUR/m²
Schöneberg
+0.10 % 5,860 EUR/m²
-8.00 % 10,260 EUR/m²
Spandau
-5.20 % 3,780 EUR/m²
+3.20 % 6,850 EUR/m²
Steglitz
+2.30 % 4,970 EUR/m²
-4.20 % 7,840 EUR/m²
Tempelhof
-2.70 % 4,310 EUR/m²
-0.60 % 6,410 EUR/m²
Tiergarten
-2.50 % 8,250 EUR/m²
-7.60 % 10,130 EUR/m²
Treptow
+5.00 % 4,410 EUR/m²
+1.30 % 6,440 EUR/m²
Wedding
-1.40 % 4,560 EUR/m²
-1.90 % 7,550 EUR/m²
Weißensee
-6.20 % 4,640 EUR/m²
-2.00 % 8,280 EUR/m²
Wilmersdorf
+0.80 % 6,550 EUR/m²
-17.00 % 9,310 EUR/m²
Zehlendorf
-5.40 % 5,390 EUR/m²
+13.20 % 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
+5.70 % 19.60 EUR/m²
-16.70 % 25.55 EUR/m²
Friedrichshain
+2.90 % 14.50 EUR/m²
-6.00 % 25.95 EUR/m²
Köpenick
+0.10 % 13.55 EUR/m²
-2.50 % 20.00 EUR/m²
Kreuzberg
+21.80 % 18.75 EUR/m²
+5.10 % 26.50 EUR/m²
Lichtenberg
+11.70 % 13.65 EUR/m²
-6.90 % 19.75 EUR/m²
Marzahn-Hellersdorf
-6.00 % 9.95 EUR/m²
-14.50 % 17.00 EUR/m²
Mitte
+3.70 % 22.50 EUR/m²
-10.60 % 30.00 EUR/m²
Moabit
+5.50 % 15.80 EUR/m²
-24.40 % 25.80 EUR/m²
Neukölln
+1.60 % 11.10 EUR/m²
-6.70 % 22.00 EUR/m²
Pankow
+11.40 % 13.70 EUR/m²
-7.90 % 21.10 EUR/m²
Prenzlauer Berg
+5.20 % 17.40 EUR/m²
+8.60 % 26.05 EUR/m²
Reinickendorf
+7.70 % 12.50 EUR/m²
-10.00 % 19.05 EUR/m²
Schöneberg
+3.80 % 15.00 EUR/m²
-5.90 % 24.20 EUR/m²
Spandau
+9.20 % 11.40 EUR/m²
+4.10 % 18.95 EUR/m²
Steglitz
+8.80 % 14.15 EUR/m²
-0.50 % 21.90 EUR/m²
Tempelhof
+9.40 % 11.65 EUR/m²
+10.40 % 21.55 EUR/m²
Tiergarten
+5.30 % 21.05 EUR/m²
-9.30 % 28.50 EUR/m²
Treptow
+0.30 % 13.45 EUR/m²
-15.80 % 20.20 EUR/m²
Wedding
+12.00 % 13.35 EUR/m²
-6.20 % 25.45 EUR/m²
Weißensee
+7.20 % 14.80 EUR/m²
+6.30 % 25.00 EUR/m²
Wilmersdorf
+8.80 % 19.40 EUR/m²
-9.10 % 26.85 EUR/m²
Zehlendorf
+13.60 % 16.85 EUR/m²
-38.50 % 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.