How to remove dusty smells
Why is so much still written about Charlottenburgs dusty smells of the past? Anyone walking along Kurfürstendamm today is much more concerned with knocking off building dust than with thinking about the past. More and more functional buildings of the 50's, 60's and 70's, which are getting into the years, disappear in no time at all, to be replaced a short time later by contemporary city architecture. The Kurfürstendamm is back, and with it Charlottenburg. The transformation of the City West is taking place at breathtaking speed. What began with the Neues Kranzler-Eck 2010 continued spectacularly at Breitscheidplatz with the Upper West and has in between started a kind of chain reaction. Along Lietzenburger Straße, wrecking pears create space for the new. In Uhlandstraße, the 70's Kudamm-Karree is catapulted into the new millennium in a metamorphosis and will in future be named Fürst. But to name any large construction site would be a bit too much, because there is still the old, classic Charlottenburg in its beauty. This one isn't about working, it's about living. Many quarters are known for a population mix of old-established and new-Berliners. The districts around Kantstrasse and Neue Kantstrasse are examples. In the Klausenerplatz district, where you can literally feel Erich Kästner's stories, you get a very special idea of the original Berlin feeling.
Markets in Charlottenburg
The perception of Charlottenburg was for a long time ambivalent. The district was reduced to its function as a shopping destination for West-Berlin and was not particularly trendy. Hard to imagine, many apartments and offices in the side streets of the Kurfürstendamm and Kantstrasse stood empty and were neither easy to let nor to sell. Young Berliners and those who wanted to become Berliners were more tempted to move to Kreuzberg or Schöneberg. Even with reunification the picture did not change immediately. East Berlin seemed to be more exciting for living, working and investing. In 2009/2010, the real estate market in Charlottenburg began to pick up speed and the City West returned to international focus. Since then, it's been going on in quick succession. Large investors realize large-scale projects, re-internationalize and transform the City West. Charlottenburg is back, stronger than ever, more modern and more attractive. Apart from a few exceptions, the pressure on the housing market is very high in all locations. The housing deficit is spreading across all quarters. Thousands of apartments in Charlottenburg are missing to reach the theoretical average household size as extrapolated by the Office of Statistics. Only new construction can reduce the pressure in Charlottenburg over the long term.
Property prices in Charlottenburg
In the past 12 months about 3,150 apartments (stock) were advertised for Charlottenburg. The average property price is currently 5,490 EUR/m². The price correction compared with the same period of the previous year is 1.30 %. For multi-storey apartments, the price quoted is currently around 5,390 EUR/m². Attic floors are offered on average for 7,740 EUR/m² and penthouse units for 11,980 EUR/m².
In the new construction segment, the average property price in Charlottenburg is currently 8,830 EUR/m². Approximately 520 properties from various projects were brought onto the market in this period.
Price index Charlottenburg
|Period||Existing buildings Median Offer price||Index (base 10 years = 100)||New buildings Median Offer price||Index (base 10 years = 100)|
|Current quarter||5,490 EUR/m²||-||8,810 EUR/m²||-|
|1 Year||5,420 EUR/m²||1.30 %||8,520 EUR/m²||3.40 %|
|3 Years||4,160 EUR/m²||31.90 %||7,370 EUR/m²||19.50 %|
|5 Years||3,360 EUR/m²||63.20 %||6,010 EUR/m²||46.60 %|
|10 Years||1,970 EUR/m²||178.90 %||3,500 EUR/m²||151.70 %|
Snapshot: Offer prices Charlottenburg
The Bubble Chart shows the supply situation of the last 12 months for the property market in Charlottenburg. Broken down by type of apartment, the majority of the properties are priced in the upper price categories. Properties under 4,000 EUR/m² can still be found in the 1950 - 1978 construction year class.
Market development of property prices in Charlottenburg
After a peak in 2015, the number of apartments on offer in Charlottenburg stagnated in the following 3 years. In the past 12 months, 3,150 existing apartments were offered.
New listings by calendar week in Charlottenburg
Property listings in Charlottenburg by calendar week, with median, number of new listings and segments.
Family houses in Charlottenburg
In addition to the inner-city housing market, Charlottenburg-Nord and Westend also have large numbers of family houses. The market for these Berlin properties is mainly formed by pre-war and post-war housing developments. This very popular building typology is about to catch up with the inner-city housing market in terms of price. Family houses are quantitatively less strongly represented, but their prices are mostly higher than those of flats. In Charlottenburg 50 houses were offered at an average offer price of 7,570 EUR/m² in the 12-month period.
Sell apartment in Charlottenburg
More than 15 years of experience and over 2000 sales mandates for apartments in Berlin guarantee the best possible results when selling your property. About 1000 national and international visitors inform themselves daily on our market reports about the housing market in the German Capital and actively search for Berlin real estate through us. Our reports are the link between your property and the buyer.
We would be happy to advise you on the sale of your apartment in Charlottenburg. Free of charge and without obligation.
Rent prices in Charlottenburg
On the market for new lettings in the past 12 months according to our evaluations about 1,610 apartments were offered for rent. New contract rents currently average approx. 16.45 EUR/m². This corresponds to a price change of about 16.50 %. Within the last 5 years the cold rents in Charlottenburg developed by about 52.80 %. The Berlin average currently demands cold rents for apartments of around 13.05 EUR/m². This corresponds to a price increase of approx. 41.50 % over all apartments offered in Berlin in the past 5 years.
Rent index Charlottenburg
|Period||Existing buildings Median Offer price||Index (base 10 years = 100)||New buildings Median Offer price||Index (base 10 years = 100)|
|Current quarter||16.45 EUR/m²||-||20.55 EUR/m²||-|
|1 Year||14.10 EUR/m²||16.50 %||18.70 EUR/m²||9.80 %|
|3 Years||12.75 EUR/m²||29.00 %||15.95 EUR/m²||28.90 %|
|5 Years||10.75 EUR/m²||52.80 %||14.55 EUR/m²||40.90 %|
Snapshot: Rent prices in Charlottenburg
The Bubble Chart shows the supply situation of the last 12 months for the property market in Charlottenburg. The colors indicate the year of construction classes, the size of the bubbles the quantity of offers, the location in the coordinate system the price radius (square meters) and apartment sizes.
Market development of rent prices in Charlottenburg
The chart shows the changes in the price structure of the district based on four price segments. A clear shift can be seen in the rental price segments. In the 12-month period about 1,610 stock apartments were offered on the market for re-rentals. We record the largest number of offers in the medium price segment of 8 - 11 EUR/m². In recent years, we have registered a significant increase in the higher price segments.
Apartment buildings in Charlottenburg
The market for residential buildings in Charlottenburg is segmented by location and building typology. In the period from 2006 to 2019, more than 1,000 apartment buildings were placed and sold on the market. Turnover of space and transactions have been declining continuously since 2007. Before the introduction of milieu protection areas, there was an increase in sales activity, which led to a short-term increase in the number of transactions and the required square metre prices. For owners of apartment buildings in Charlottenburg, there will also be important evolutions in 2020, as preliminary screenings are being planned for further quarters and one has been installed at Klausener Platz. Overall, price developments are heterogeneous. After a price peak in 2017, notarized prices are currently stable at a high level. 2020 starts with the a further price increase and small transaction volume. On the investor side, the introduction of milieu protection areas and the associated application of the Conversion Regulation (the so called "Umwandlungsverordnung") have led to an adjustment of investment strategies. Despite the restrictions associated with the milieu protection, buyers are prepared to pay high prices for apartment buildings in Charlottenburg. According to the "Gutachterausschuss", the entire district of Charlottenburg-Wilmersdorf became catalyst for the increase in the average notarized purchase price in 2019 if 16% (Berlin without Charlottenburg-Wilmersdorf: 9%). If you wish to sell your apartment building within the scope of a preservation charter ("Erhaltungssatzung") or wish to exploit potential prior to its introduction, please contact us directly. We achieve far above-average purchase prices.
The table shows the values for multi-family houses published by the German Real Estate Association (IVD) for Charlottenburg-Wilmersdorf by location and year of construction.
|Construction era||Simple to medium locations||Medium to very good locations|
|1900 - 1949||2.300 - 3.200 EUR/m²||3.000 - 4.100 EUR/m²|
|1950 - 1978||1.900 - 2.800 EUR/m²||2.500 - 3.300 EUR/m²|
|1979 - 2000||2.100 - 3.200 EUR/m²||2.800 - 3.500 EUR/m²|
|since 2001||2.500 - 3.700 EUR/m²||3.200 - 4.600 EUR/m²|
Building activity in Charlottenburg
In relation to other districts, Charlottenburg finds itself in the upper mid-range regarding the housing stock. With 104.000 units distributed among 31 statistical planning areas LOR (Lebensweltlich orientierte Räume), the statistical household size is 1.64 persons. The calculated household size is 1.93 persons per household. With an average apartment size of 78.7 m², most quarters are in the upper range.
The building activity in Charlottenburg has remained constant in the past years. When and in which quarters (LOR) construction completions were reported, can be seen from the map. (Source: Amt für Statistik Berlin-Brandenburg)
Milieu protection Charlottenburg
In 2018, 2020 and 2021, the district of Charlottenburg has introduced milieu protection areas according to §172 Abs. 1 Satz 1 Nr. 2 BauGB (building code). For owners of apartment buildings in Charlottenburg, here are also important developments in the coming years. Preliminary screenings are scheduled for further quarters covering large areas of Charlottenburg.
|Milieu protection area||In force since||Area in ha||Extended||Last update|
Milieu protection map Charlottenburg
Check in our milieu protection map Berlin whether your property is located in a protection area, an investigation area or a suspected area. Our milieu protection map is continuously revised and updated on basis of the resolutions of the district assemblies (BVV). Please also visit our milieu protection area for further information.
General background in Charlottenburg
In the course of the redistricting in 2001, Charlottenburg and Wilmersdorf were merged into one district. Often Charlottenburg, Schöneberg and Tiergarten are perceived as a group because of smooth crossings. The Zoological Garden, officially Tiergarten, and the KaDeWe, actually Schöneberg, are often perceived as Charlottenburg. Currently, the Social Democratic Party (SPD) provides the district mayor. The Urban Development, Building and Environment Department is run by the Greens. In Charlottenburg, private investors are building a lot and on a grand scale. In addition to the ongoing revitalization of the City-West, land along railway lanes and the city motorway will be activated. All in all, the district has a larger area capacity. A project of redensification in the form of teardown and new construction is being developed in Westend (quarter in the north west) with 580 new apartments for the letting market in the cooperative building land model (Baulandmodell). At the Westkreuz, unused railway tracks are reactivated by changing a land-use plan (Flächennutzungsplan) to create a green belt between neighbourhoods. If the statistical household size of approx. 1.64 persons is taken as a basis, Charlottenburg currently lacks around 18,000 apartments. (Source: Office for Statistics Berlin-Brandenburg).
Population in Charlottenburg
Migration in Charlottenburg
The demand pressure on the real estate market in Charlottenburg is mainly based on international influxes. For the increasingly international population the district offers diversity and opportunities. Major employers are located in Charlottenburg and the producing industry in the north of the district offers many jobs. In the more centrally located quarters service providers and retailers prevail.
- Alle Migrationen
Trend in Charlottenburg
Charlottenburg is a large and heterogeneous district. Kurfürstendamm and the adjacent districts are the second most important retail centre in Berlin. Purchase prices and rents are coming approaching the price level of the central locations in Berlin-Mitte. Investors still benefit from catch-up effects. The average buying power in Charlottenburg is high and the building typology opens up a broad spectrum: from compact apartments in post-war residential developments to high-quality Wilhelminian style properties up to top-notch projects at the highest international level. The international reputation of Charlottenburg is excellent. The regained qualities are also expressed in a new architectural language and in constantly surpassing hotel and gastronomy figures.
This report was last updated on 18.06.2021 .
The Guthmann Market Report is a semi-automated report about the property market in Berlin. All information has been carefully researched and is given to the best of our knowledge and belief. We assume no liability for completeness, deviations, changes and errors. Our report does not represent an investment recommendation.
Amt für Statistik Berlin-Brandenburg: Einwohnerregisterstatistik (Bewegungsdaten), Fortschreibung des Wohngebäude- und Wohnungsbestandes, Ergebnisse des Haushaltegenerierungsverfahren KOSIS-HHGen, Baufertigstellungen. IMV GmbH: Rohdaten Preise und Mieten. Senatsverwaltung für Stadtentwicklung und Wohnen: Umwandlungsdaten (2018), Geoportal Berlin (FIS-Broker). Immobilienverband Deutschland IVD (2018/2019): Immobilienpreisservice 2018/2019.
Housing deficit (Treemap): The Statistics Office updates the household data based on the 2011 micro-census. Determination of household count and statistical household size via household generation procedures (KOSIS). We calculate the real household size / housing deficits via the ratio number of inhabitants to number of apartments.
Purchase prices and rents (charts and reports): Calculation of the median on the basis of raw data, own visualization.
Migrations: Aggregation and visualization based on transaction data.