Berlin Properties Steglitz 2025

Steglitz: Melting Pot of Tradition and Trend

Steglitz is situated in the southwest of Berlin, nestled between the densely populated inner-city districts of Wilmersdorf and Schöneberg, as well as the villa and single-family home neighborhoods of Lichterfelde and Dahlem. The area's traditionally middle-class image is increasingly giving way to a young, multicultural lifestyle. Its proximity to the major faculties of FU Berlin, the Charité Campus Benjamin Franklin, and Schloßstraße—one of Berlin's most lucrative shopping streets—puts Steglitz close to everything that matters. Along Schloßstraße, you'll find beautiful, small, and quiet streets. The average household net income in many parts of the district is above the Berlin average. With numerous small and medium-sized parks and green spaces, as well as highly regarded schools, Steglitz enjoys an excellent reputation.

Property prices in Berlin Steglitz

In Steglitz's real estate market, location has always been a key factor. Across all neighborhoods, the current interest rate environment is reflected in a year-over-year change of 2.00 %. In the core area of "Steglitz," the average prices per square meter stand at around 5,370 EUR/m², marking a development of 6.20 % over the past year. Over the last 12 months, we've identified 990 property listings. In the new construction segment, the average list price is 8,390 EUR/m². When looking at different neighborhoods, the asking prices for existing apartments in Lankwitz are around 4,480 EUR/m², and in Lichterfelde, they are approximately 4,910 EUR/m².

Development of property price segments in Berlin Steglitz

In Steglitz, the existing housing market is dominated by strong mid-range price segments. As with all central inner-city districts, the lower price segment has effectively disappeared. In the segment above 6,000 EUR/m², the supply is relatively limited.

Clustering Analysis: Real Estate Listings in Berlin Steglitz

In our bubble chart, we group Steglitz apartment listings by construction year and size. Offers in the post-war segment are almost equal in price to classical old buildings. This shows the quantitative significance of post-war inventory. The new construction segment starts at 7,500 EUR/m² and has seen a significant reduction in volume for 2023.

Family houses

Steglitz offers a wide range of family house typologies in the suburbs of Lankwitz and Lichterfelde. These include detached single-family houses, terraced houses, semi-detached houses and some town villas. The offer is traditionally largest in Lichterfelde. In the 12-month period approx. 340 houses were offered, at an average price of approx. 5,670 EUR/m². In Lankwitz the average offer price is about 4,550 EUR/m². Higher prices are achieved for city villas. 

Trend

Unique local ambiance, excellent value for money, off the beaten path, and authentic—many areas in Steglitz tick all the boxes to be considered hidden gems with high growth potential. And indeed, it's becoming increasingly clear that this district will excel in the context of inner-city development. Those who are currently students will likely appreciate a traditional apartment later in life, complete with a "Dr." on the doorbell. At the same time, an investment property in Steglitz has been a guarantee for stable value growth since its founding years. Factors like above-average household incomes, highly desirable locations, and diverse building types make it accessible for nearly all budget classes.

The district's demographic shift is also intriguing; Steglitz has an older population, and generational changes come with trickle-down effects that can accelerate your investment. If immediate returns are not your primary focus, the capital appreciation from tenanted to vacant properties is substantial.

Excellent connectivity, proximity to the "Freie Universität" and Charité Campus Benjamin Franklin, along with the magnetic pull of one of the city's major retail streets, make success almost guaranteed. Demographic data indicates a high proportion of newcomers from the USA and traditional Western European countries. Inter-district migration patterns are generally balanced. We consider Steglitz an unreservedly strong buy recommendation.

Apartment buildings in Steglitz

Steglitz has introduced three new milieu protection areas: the zones "Feuerbachstraße," "Gritznerstraße Nord," and "Mittelstraße" were officially designated on February 10, 2024, following publication in Berlin’s Official Gazette. Property prices for residential and commercial buildings in Steglitz, which had long lagged behind the Berlin average, saw significant increases in 2020 and 2021 before adjusting downward with the interest rate shift to a current (2024) average of around 2,400 EUR/m² of living space. A unique aspect of the Steglitz market is its relatively narrow price range in comparison to other Berlin districts, with entry prices starting at 2,000 EUR/m² and reaching up to approximately 3,000 EUR/m². Well-preserved historic buildings are particularly attractive within this price-to-rent ratio.

Neighbourhoods in Berlin Steglitz

Medium to good residential areas prevail in Steglitz. Due to the mixed structure of buildings and neighbourhoods in the district, property prices are widely spread. Large flats in the neighbourhoods east and west of Schloßstraße achieve top prices. Flats from post-war housing are also usually very strong in value due to the quality of their location. 1930s flats and the neighbourhoods south of Steglitzer Damm and Albrechtstrasse are catching up in terms of price in 2021, although turnover of space is low here.

In Paulsenstrasse, families in townhouses or detached houses appreciate the traffic-calmed environment. The residential quarter in the east of Steglitz's city centre was developed at the end of the 19th century as a distinguished colony of villas and country houses. The structures of the present bear witness to the old grandeur and at the same time to the destruction of the Second World War. More than 80 percent of the houses in Südende fell victim to the bombs; the priorities in the reconstruction and redevelopment of the neighbourhoods were the rapid creation of living space and mostly not aesthetic considerations. Nevertheless, there are many well-preserved and elaborately renovated buildings in very beautiful locations. The quarters along Grunewaldstraße, Holsteinische Straße and Hubertusstraße are home to showcase buildings from the early Gründerzeit.

Rental market in Berlin Steglitz

In all districts of Steglitz together, in the past 12 months about 1,360 were offered for new letting. Currently there is a demand for 14.05 EUR/m². In the new building the offered rents are at approx. 22.95 EUR/m². This corresponds to a price development of -4.10 % compared to the previous year.

Bird's eye view: Asking rents in Berlin Steglitz

The bubble chart shows the supply situation of the past 12 months on the real estate market in Steglitz. 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. In Steglitz we see very much post-war architecture, few old and new buildings.

Development of rental price segments in Berlin Steglitz

Overall, the rental offer in Steglitz can be termed stable. As in the market for condominiums, the medium rental price segments predominate the market.

Building activity in Steglitz

Steglitz has 27 statistical planning spaces LOR (Lebensweltlich orientierte Räume) and is divided into the suburbs Lankwitz, Lichterfeld and Steglitz. There are currently 107.000 apartments among the housing stock. With an average apartment size of 85.3 m², Steglitz is the leading district in Berlin. With a statistical household size of 1.77 persons per household, Steglitz is in the upper midfield. Mathematically, 1.94 persons live in one household in Steglitz.

There is comparatively a low construction activity in Steglitz. When and in which quarters (LOR) construction completions were reported, can be seen from the map. (Source: Amt für Statistik Berlin-Brandenburg)

Milieu protection

Currently, Steglitz doesn't have any designated social preservation areas. However, in January 2023, the local district office announced plans to implement such statutes for the Feuerbachstraße, Gritznerstraße Nord, and Mittelstraße residential zones. Additionally, household surveys are in the pipeline for areas surrounding Schloßstraße, as some members of the Borough Assembly are pushing to establish a social preservation zone there too. This could signal the end of Steglitz's status as one of the few remaining districts without these designated areas, although no official announcements have been made to date.

Milieu protection map Steglitz

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

Steglitz has grown. Below we show the top values of the inflows and outflows for Steglitz and for a selected hotspot. For your real estate engagement in Berlin, we are able to map the exact position of migration flows within the framework of our analyses.