Last Update: 25.11.2022

Berlin Properties Charlottenburg 2022

Charlottenburg is a mirror of Berlin's history. In the 1920s, the Kurfürstendamm was famed for the most exciting city life in Europe. War and Wall put a veil over the district that lost its shine. If you don't walk through the district with a blindfold today, you'll soon find out: Charlottenburg is back. Modern, chic, international. The City West is Triple-A again.

Berlin-Charlottenburg

Charlottenburg: 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.

Existing buildings

Median Asking price
6,010 EUR/m²
+8.10 %
Median Asking rent
16.95 EUR/m²
+9.90 %

New buildings

Median Asking price
10,490 EUR/m²
-6.90 %
Median Asking rent
28.95 EUR/m²
+15.00 %

Neighbourhoods in Berlin 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. 

New construction Charlottenburg

In Charlottenburg, real estate projects are also statements. Ambitious undertakings stretch from Westend to the Zoological Garden and Bahnhof Zoo.

In the Uhlandstraße, a leitmotif project is currently entering the final phase. Since June 2017, Cells Bauwelt has been acting on a grand scale in the Fürst Kudamm-Karree. With an investment of around 500 million euros, Cells has catapulted the formerly dreary Karree with 47,000 m² of office space, 97,000 m² of retail space, and over 275 apartments into the present.

Still in the dialog phase is a vision of SIGNA for the property of the existing Kaufhaus Karstadt Sport, between the Kurfürstendamm, the Augsburger Straße, and the Rankestraße. The basic idea envisages up to three high-rise buildings on this site, which is currently viewed with some skepticism by the Berlin Building Commission. If the project is realized, the estimated construction costs would exceed 300 million euros.

A unique revitalization is taking place in the Kantstraße, where the building “Kant-Garagen,” which is under monument protection, is being rediscovered. The entrepreneur and owner Dirk Gädeke has been transforming the former garage since 2017 into a office, event, and gallery building.

Approximately 1.5 kilometers away lies a parcel of land between the Zoological Garden, the Technical University of Berlin, and the Bahnhof Zoo. The area became famous through the buried project of a giant Ferris wheel at this location. The initiators are the investment group that also planned the giant Ferris wheel. Now the Reiß & Co. Real Estate is thinking with the Technical University of Berlin about a urban campus that would target the tech industry.

Not every project is in the triple-digit million range. In the period 2021/2022, we have identified around 30 other construction projects, ranging from 7 to around 35 residential units. And the most unusual real estate project, with a ground area of 1,470 m², is being built in the middle of nature. The residents of the new rhinoceros house in the Zoological Garden will be moving in this year.

Property prices in Charlottenburg

In the past 12 months about 2,680 apartments (stock) were advertised for Charlottenburg. The average property price is currently 6,010 EUR/m². The price correction compared with the same period of the previous year is 8.10 %. For multi-storey apartments, the price quoted is currently around 5,960 EUR/m². Attic floors are offered on average for 7,420 EUR/m² and penthouse units for 10,140 EUR/m².

In the new construction segment, the average property price in Charlottenburg is currently 11,530 EUR/m². Approximately 240 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 6,010 EUR/m² - 10,490 EUR/m² -
1 Year 5,560 EUR/m² 8.10 % 11,270 EUR/m² -6.90 %
3 Years 5,280 EUR/m² 13.80 % 8,620 EUR/m² 21.80 %
5 Years 3,880 EUR/m² 54.90 % 7,130 EUR/m² 47.20 %
10 Years 2,690 EUR/m² 123.60 % 3,590 EUR/m² 192.00 %

Bird's eye view: Property Prices in Berlin 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.

Development of property price segments in Berlin Charlottenburg

The supply of flats in Berlin Charlottenburg has been declining for five years. The level of the previous year will not be reached in 2021 either. In the past 12 months a total of 2,680 units with year of construction until 2016 were offered for sale on the real estate portals. 

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 90 houses were offered at an average offer price of 7,510 EUR/m² in the 12-month period.

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Apartment buildings in Charlottenburg

The market for apartment blocks in Charlottenburg is differentiated significantly by location and age bracket. The high median of 3,165 euros/m² with a price range of 1,707 to 6,579 euros/m² shows that many deals are well above 3,000 euros/m². As in almost all districts, completions in Charlottenburg fell to an all-time low in 2022. Before the introduction of milieu protection areas in 2018 and 2019, there was a brief increase in sales decisions. Overall, prices per square metre in Charlottenburg rank fifth in Berlin after Mitte, Wilmersdorf, Zehlendorf and Lichtenberg.

In prime locations, top values can also be achieved for apartment buildings from the Wilhelminian era. Depending on the state of maintenance, buyers pay very high factors and prices per square metre here. In simple locations and conditions, square metre prices in the range of 2,000 EUR/m² to 2,400 EUR/m² are achieved. Contact us in full confidence for precise information on the market value of your apartment building. 

Jahr   Charlottenburg Gesamt Berlin
2018 Anzahl 44 687
  Preisspanne EUR/m² 1.350 bis 6.401 301 bis 11.919
  Mittelwert EUR/m² 2.877 2.115
2019 Anzahl 47 571
  Preisspanne EUR/m² 1.423 bis 11.340 396 bis 11.340
  Mittelwert EUR/m² 3.086 2.294
2020 Anzahl 40 627
  Preisspanne EUR/m² 1.364 bis 6.181 431 bis 10.526
  Mittelwert EUR/m² 2.767 2.183
2021 Anzahl 35 660
  Preisspanne EUR/m² 1.570 bis 16.262 601 bis 16.262
  Mittelwert EUR/m² 3.783 2.522
2022 Anzahl 22 348
  Preisspanne EUR/m² 1.707 bis 6.579 824 bis 16.844
  Mittelwert EUR/m² 3.165 2.651
  Bereinigt um Spitzenwerte (2022) EUR/m² 2.650 2.327

Trend

Charlottenburg is a large and heterogeneous district. Kurfürstendamm and the neighbouring quarters represent the second most important retail centre in Berlin. Purchase prices and rents are approaching the price level of the top locations in Berlin-Mitte. Dynamics and the investment climate are very good. Value increases in recent years have been substantial in all locations and neighbourhoods in Charlottenburg without exception. Charlottenburg's strength lies less in influxes than in Mitte and Kreuzberg, and more in its immanent representative function. At the same time, different location typologies open up a wide range of options for investment, from compact budget flats in post-war residential complexes to high-quality Wilhelminian-style properties and new-build projects of top international standard. 

Rental market in Berlin Charlottenburg

On the market for new lettings in the past 12 months according to our evaluations about 2,070 apartments were offered for rent.  New contract rents currently average approx. 16.95 EUR/m². This corresponds to a price change of about 9.90 %. Within the last 5 years the cold rents in Charlottenburg developed by about 41.60 %. The Berlin average currently demands cold rents for apartments of around 14.20 EUR/m². This corresponds to a price increase of approx. 35.60 % 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 16.95 EUR/m² - 28.95 EUR/m² -
1 Year 15.40 EUR/m² 9.90 % 25.20 EUR/m² 15.00 %
3 Years 13.40 EUR/m² 26.70 % 17.95 EUR/m² 61.40 %
5 Years 11.95 EUR/m² 41.60 % 16.00 EUR/m² 81.20 %

Bird's eye view: Asking rents in Berlin 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.

Development of rental price segments in Berlin 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 2,070 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. 

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
Mierendorff-Insel 2018 56.8 - -
Gierkeplatz 2018 28.5 - -
Klausenerplatz 2020 55,6 - -
Alt-Lietzow 2021 45,9 - -
Jungfernheide 2021 50,0 - -
Karl-August-Platz 2021 55,6 - -
Richard-Wagner-Straße 2021 28,2 - -

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.

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
  • International
  • National
  • Suburban
  • Binnen
  • Hotspot

This report was last updated on 25.11.2022 .

Disclaimer

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.

Sources

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.

Methodology

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.

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