Berlin Properties Steglitz 2023

Everything on the doorstep

Steglitz is located in the southwest of Berlin between the densely populated inner city districts of Wilmersdorf and Schöneberg and the villa and single-family house quarters of the Lichterfelde and Dahlem areas. Until not long ago, the image of the district was bourgeois, cosy and very quiet. Those aren't bad qualities at all. All the better that Steglitz preserves his DNA despite a recently almost breathtaking dynamic. Somehow Steglitz is close to everything. Along the castle street, very nice, small and quiet streets are lined up like a string of pearls. The shopping street is the economic centre, crossed by the subway line 9. The average net household income in many quarters is high in comparison to other districts in Berlin. In addition to many small and medium-sized parks and green areas, Steglitz also enjoys an excellent reputation for good schools.

Property prices in Berlin Steglitz

In Steglitz, the property market is segmented according to local submarkets. In the core area of Steglitz the average prices per square metre are currently 4,910 EUR/m². The price correction to the prior-year period amounts to 0.90 %. In the 12-month period we have registered 1,160 offers in inventory.

In the new building segment an average list price of 8,220 EUR/m² is currently asked for. Viewed over the neighbourhoods the offer prices for existing flats are around 4,390 EUR/m² in Lankwitz and around 5,100 EUR/m² in Lichterfelde. 

Development of property price segments in Berlin Steglitz

In Steglitz, very strong mid-range price segments predominate in the existing stock segment. As in all central inner city districts, the lower price segment has virtually disappeared. In the segment above 6,000 EUR/m² the supply is not very pronounced.

Bird's eye view: Property Prices in Berlin Steglitz

The Bubble Chart shows the supply situation over the past 12 months on the property market in Steglitz. The colors mark the year of construction classes, the size of the bubbles the quantity of offers, the location in the grid price radius (square meters) and apartment sizes.

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. 210 houses were offered, at an average price of approx. 6,320 EUR/m². In Lankwitz the average offer price is about 6,130 EUR/m². Higher prices are achieved for city villas. 

Trend

Hard to say why Steglitz was treated so cautiously by investors for a long time, because it was foreseeable that the district would develop excellently in an inner-city context. A residential property in Steglitz has been a guarantor of stable value growth since the Wilhelminian era. This is due to above-average household incomes and highly attractive locations, as well as the diverse building typologies, which allow investments in almost all budget classes. Moreover, Steglitz is a relatively old district in terms of population. In other words, impending generational changes can positively affect your investment if short-term returns are not given priority. When changing from rented to vacant, the increase in value is considerable.

The very good connections, the proximity to the "Freie Universität" and the Charité Campus Benjamin-Franklin, as well as the gravitational pull of one of the largest retail streets in the capital, are almost a guarantee of success. In the population statistics, the district has a high proportion of in-migrants from the USA and classic Western European countries. Internally, the balance of interrelations with other districts is balanced overall. We consider Steglitz an absolute (insider?) tip. Buy now!

Apartment buildings in Steglitz

As of the end of 2022, there are no milieu protection areas in Steglitz. The district in south-west Berlin, which has many fine central and decentralised locations, proves that even "unprotected" locations are not speculation magnets. Overall, both the number of sales and the price trend in Steglitz are running smoothly. Apartment blocks in Steglitz are assessed more by their quality than by their micro-location. In 2022, around 20 MFAs had been notarised by the end of the year. The highest price per square metre documented by the GAA was around 3,800 euros. Please contact us for an individual assessment of the market situation and surrounding area of your apartment building in Steglitz. We do not see any immediate pressure to sell due to the debate on the introduction of preservation statutes in the residential areas of Feuerbachstraße and Mittelstraße. These are excellent preconditions for raising your values in a targeted and sensible way.   

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 1,510 were offered for new letting. Currently there is a demand for 14.50 EUR/m². In the new building the offered rents are at approx. 20.45 EUR/m². This corresponds to a price development of 3.90 % 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

In Steglitz (analogue Zehlendorf) there are currently no milieu preservation areas. Nevertheless, there are efforts on the part of individual residents to designate milieu protection areas. In the BVV (district assembly) of Steglitz, the issue is controversially discussed with regard to cost coverage. The controversial issue is who should bear the costs of the screening, the district or the senate. At the end of 2018, the Senate Department for Urban Development indicated its basic willingness to bear the costs for an overall screening of the district. Currently, it is planned to cover the screening area across all 41 planning areas. The aim of the screening is to identify observation areas for which monitoring is to be commissioned. More detailed investigations are to be assigned for any suspected areas that may have been identified. Even if decisions on the designation of milieu protection areas can only be taken after the final step, owners should consider sharing their properties already now. We will keep you regularly informed about the progress. Ask for our guide on milieu protection. We are happy to advise you.

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.