Berlin Properties Schöneberg 2024

Divers. Modern. Forward-looking.

Schöneberg is characterised by a vibrant mix of tranquillity and street life, tradition and modernity. The residents are as diverse as the district itself. Winterfeldtplatz is a meeting place for locals and tourists alike, who come together in pubs, bars and restaurants. Here, where the squatter scene once flourished, Berlin's largest vegetable and weekly market now takes place. The casual atmosphere has made Schöneberg a symbol of diversity, tolerance and cosmopolitanism.

David Bowie, Tucholsky, Einstein and Marlene Dietrich loved and shaped this part of Berlin. Einstein lived in the Bavarian Quarter, while Dietrich was born in Leberstraße on the "Red Island", a historic working-class district. Schöneberg is constantly evolving, as visible in the ambitious developments at the EUREF campus and the Südkreuz transport hub, and is positioning itself as a district of the future.

Housing market in Schöneberg

The housing market in Schöneberg is divided into many small submarkets, the price structures of which largely depend on the building typology and micro-location. On average, the asking prices for existing apartments are around 5,860 EUR/m², which corresponds to a development of 0.10 % compared to the previous year. Within ten years, the prices for apartments have increased by 128.10 %. New buildings are offered at a median price of 10,260 EUR/m². Given the – for an inner-city district – relatively moderate price level, Schöneberg offers attractive living and investment opportunities.

Development of property price segments in Berlin Schoeneberg

Over the last 12 months, 1,770 flats from the existing stock and 280 units in new building projects were listed.

Cluster: Listings in Berlin Schöneberg

Overview of the offer situation over the past 12 months in the Schöneberg real estate market. The colors indicate the construction year categories, the size of the bubbles represents the quantity of offers, and their position in the coordinate system illustrates the price radius (per square meter) and apartment sizes.

Trend

Schöneberg is an absolute top recommendation. A significant investment factor are the high internationality, the high density of well-educated academics, the large percentage of single households with high incomes and the interest in home ownership. The introduction of milieu protection areas and the Building Land Mobilisation Act have stopped conversions according to WEG for the time being until 2025, which will push already divided stocks (flats) in the long term. Despite the current interest rate development, residential real estate in Schöneberg remains an investment with excellent prospects in the long term in view of the high demand. However, depending on the year of construction, more differentiated prices can be expected. In other words, the large post-war housing stock and "Gründerzeit" buildings are competing with modern and energy-efficient new buildings. In view of high energy costs, people are questioning whether they want a modern but slightly decentralised building or an older but central one. Particularly since in Schöneberg the distances from spot to spot are not that big. 

Apartment buildings in Berlin Schoeneberg

Within Schöneberg's total property portfolio, approximately 2,000 units are condominium owner communities (WEGs), another 2,200 are held in undivided private ownership, and around 520 rental properties are owned by the district, municipal housing companies, or higher levels of government. Market prices for apartment buildings in Schöneberg now increasingly reflect differentiation based on energy efficiency and construction year, though micro-location also plays a pivotal role. In 2023, 33 units were sold. The current average price per square meter of living space is about 2,625 euros, approximately 15 percent below previous years' values. The multiplier has decreased on average by 10 points to 23.8. Compared to other Berlin districts, the lower average multipliers stem from a significant post-war inventory with often poor energy efficiency ratings and a high need for investment in maintenance and modernization.

Related topics: Milieu protection  Residential building report

New construction Schöneberg

Schöneberg, extending from the Großer Tiergarten to the Steglitz border, is undergoing massive development. The centerpiece is the Schöneberger Linse area, transformed from a former wasteland to a key urban project housing 1,900 apartments in a pedestrian-friendly environment with a mix of metropolitan and classic block feels. Current median list price stands at 9,980 euros/m².

Additional noteworthy projects include a potential high-rise with an 80,000m² floor area by GSG Berlin south of Sachsendamm, and the centrally located K72 project featuring a 17-story office complex alongside residences, targeting a 2025 completion. 

Moreover, a prime developer is crafting exclusive condos in Gleditsch-/Pallasstraße, adding around 219 apartments and 8 commercial spaces. Smaller projects in Rubensstrasse and Rembrandtstrasse are also enhancing the residential offerings in the district, catering to various space needs and set to introduce new units by the end of 2023.

Schöneberg's Eclectic Housing Landscape

Home to about 156,000 people, Schöneberg boasts a diverse range of neighborhoods and architectural styles, with 20% of its housing dating back to the 1951-1970 period. Despite energy inefficiency, these post-war blocks featuring compact apartments are highly sought after. The district also harbors beautiful Wilhelminian quarters like the picturesque Viktoria-Luise-Platz. Housing has historically been in high demand, a trend persisting since the 1980s, partly due to 66% of households being single-person. The recent development in the "Schöneberger Linse" near the modern Südkreuz station adds a fresh facet to Schöneberg's vibrant residential scene.

Rental market in Berlin Schöneberg

At present the average offer rent in Schöneberg is about 15.00 EUR/m². This corresponds to a rent development of approx. 3.80 % compared with the same period of the previous year. 960 apartments were offered for rent in Schöneberg in the last 12 months.

Bird's eye view: Asking rents in Berlin Schoeneberg

The Bubble Chart shows the supply situation of the past 12 months on the rental market in Schöneberg. The colors mark the year of construction classes, the size of the bubbles the quantity of offers, the location in the coordinate system price radius (square meters) and apartment sizes. The market for rental apartments covers all sizes, year of construction classes and price segments. Apartments in old buildings and properties built between 1950 and 1978 dominate the market. 

Development of rental price segments in Berlin Schoeneberg

Development of the housing supply (existing apartments, rent) in Schöneberg. The chart shows price increases and price segment shifts over the 10-year period. 

Building and conversion in Schöneberg

Schöneberg is popular because of its inner-city position. Currently, the housing stock amounts to about 83,000 units distributed across 11 statistical planning areas LOR (Lebensweltlich orientierte Räume). Despite an above-average apartment size of 75.0 m² living space per apartment, the statistical household size of 1.68 persons per household is comparatively low. In mathematical terms, the household size is 1.94 persons.

Construction activity in Schöneberg is in full swing, not least as a result of the large-scale projects at Südkreuz. The map shows in which neighbourhoods (LOR) building completions were reported, when and how many.

Milieu protection

Since 2014 there have been seven milieu protection areas in the Schöneberg district in accordance with §172 Paragraph 1 Sentence 1 No. 2 BauGB. The milieu protection areas cover about 414.8 ha, which corresponds to about 39.1% of the entire Schöneberg district.

Milieu protection map Schöneberg

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.

Migration

The population in Berlin-Schöneberg is growing mainly from international influx. The ranking of states is currently led by immigrants from the USA. In comparison with the other Berlin districts, the population in Schöneberg is making evasive movements. Migration movements in the time series from 2013 to 2017 show a negative balance. Most of the migrations took place to Steglitz, Wilmersdorf and Tempelhof, followed by Neukölln and Charlottenburg.