Berlin Properties Wilmersdorf 2023

Classic, elegant and a bit conservative

Wilmersdorf is an elegant, bourgeois district without any smugness. The exclusive, partly a bit conservative character is definitely appreciated by the residents. Exclusive quarters can be found in the Grunewald districts, urban neighbourhoods in turn in the inner-city locations of the district. In the 1920s, many artists and intellectuals moved to Wilmersdorf. An attractive and lively downtown with cafés and theatres grew up in the west of Berlin. The noble Grunewald quarter was not far away and was an excellent location for the Berlin Bohemians. The Nazis put an abrupt end to the cultural heyday in Wilmersdorf and many Wilmersdorfers were forced into exile for political reasons or because of their Jewish origins. Today, important scientific and cultural institutions and agencies are located in Wilmersdorf. Numerous galleries are located here, as well as the Schaubühne am Lehniner Platz. Some embassies in Grunewald and Schmargendorf are located in the immediate vicinity of the private residences of their ambassadors.

Property prices Wilmersdorf

Purchase prices for apartments in Wilmersdorf are at a high level and in the upper third of the Berlin price range. The median price determined by us from 3,100 offers is currently 6,620 EUR/m², the average is higher at 7,600 EUR/m² but includes some very high priced units which push the value. 

In the current quarter, 6,500 EUR/m² is applied. Years of double-digit growth have gotten a few scratches under the pressure of the interest rate turnaround. However, there are already signs of a recovery. In the three-month period, the difference compared to the same period last year is -2.10 %. 

Real estate in Wilmersdorf is a high-quality, long-term investment. This is also proven by the rates of increase: 12 years ago, the median purchase price for apartments in Wilmersdorf was around 2,850 EUR/m². Compared to today, this corresponds to an increase of around 174.40 %.

New construction real estate costs 10,120 EUR/m² at the median and 12,480 EUR/m² at the mean.

Development of property price segments in Berlin Wilmersdorf

The supply of apartments in the existing segment has been declining in Wilmersdorf since 2016. In the last 12 months 3,100 units where offered. In Schmargendorf 380 , in Dahlem 300 and in Grunewald 360 units. 

Bird's eye view: Property Prices in Berlin Wilmersdorf

Property listings in Wilmersdorf are concentrated at a median of 6,620 EUR/m². At 10,000 EUR/m², however, things are far from over. New construction projects and classic old buildings also go far beyond this range. 

Trend

In a Berlin context, Wilmersdorf has a high level of purchasing power, and the district's good to very good residential locations meet the needs of its residents. Bourgeois, well-kept and lively neighborhoods with a high quality of life, proximity to Kurfürstendamm and Grunewald, popular micro-locations and a good infrastructure are just a few of the factors that create a profitable investment climate in Wilmersdorf. Rents and purchase prices are growing even under circumstances that are less easy in macroeconomic terms. Many investors come from abroad and appreciate the above-mentioned points: Cosmopolitan, well-kept, in strong demand. Wilmersdorf is proverbial "Berlin-West-Power". Real estate prices will continue to rise in the coming decades. The seamless overlaps to Schöneberg, Charlottenburg, Friedenau or Steglitz ensure a constant flow among the neighborhoods, which also gives Wilmersdorf a very international character. 

Apartment blocks in Wilmersdorf

The building structure in Wilmersdorf is typologically diversified. The housing stock amounts to about 8,500 buildings. The district offers very good residential locations in western Grunewald and Schmargendorf and still good residential locations in the Wilmersdorf neighborhoods to the east. In addition to the quality of the excellent residential quarters, the central mixed-use areas of Kurfürstendamm and Wittenbergplatz and Savignyplatz are also reflected in high purchase prices. Anyone wishing to purchase a one- or two-family house in Grunewald, Schmargendorf or Wilmersdorf will have to invest in the seven-digit range in good to very good locations.

Residential and commercial buildings are often used for commercial purposes on the first floors. The condition of the buildings is predominantly good to very good. The very high price level of previous years is 2023 slightly exceeded despite the interest rate situation.

Neighbourhoods in Berlin Wilmersdorf

The reconstruction of the quarters in Wilmersdorf, which were destroyed in the Second World War, was carried out with relatively small means and the town planning was oriented for many years to the concept of the car-friendly town. During this time, little consideration was given to the historical structure of the building. In the 1970s many squares and quarters were upgraded again. The residents of Wilmersdorf feel very close to their surroundings. The quarter around the Bundesplatz is a good middle-class residential area with a mixture of old buildings and properties from the 1950s. A worldwide unique residential project, "The Snake" ("Schlange"), was realised in the 1970s in the district of Schmargendorf with a motorway overpass. Not far away are the Rüdesheimer Platz and the surrounding Rheingauviertel, which was planned and built in the English country house style. The apartments in this quarter - which are in great demand - are spacious and are located in four-storey houses. In 2015, the New York Times voted Rüdesheimer Strasse in Wilmersdorf one of the twelve most scenic streets in Europe. The residential area along Uhlandstrasse is also very popular, where many high-quality new construction projects have been developed in recent years. The apartments in the core region of the Ludwigkirchplatz and Olivaer Platz areas are mostly very large and luxurious. The Wilhelminian style houses impress with their beautiful facades and well-kept front gardens.

Rental Market in Berlin Wilmersdorf

The current quoted rent in Wilmersdorf for existing properties is approximately 21.45 EUR/m². The development in the 12-month period is 14.10 % and refers to about 1,720 offers.

Bird's eye view: Asking rents in Berlin Wilmersdorf

The Bubble Chart shows the supply situation of the last 12 months on the property market in Wilmersdorf. 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.

Development of rental price segments in Berlin Wilmersdorf

The chart shows the changes in the price structure of the district based on four price segments. How many flats were offered in the different price segments? The line shows the development of the average asking price per square metre across all flat types and price segments for existing flats.

Building activity in Wilmersdorf

In Wilmersdorf, the housing stock comes to a total of around 83.000 units distributed over 26 statistical planning spaces LOR (Lebensweltlich orientierte Räume). At an average apartment size of 78.7 m², Wilmersdorf is one among the highest in Berlin. The statistical household size is 1.63 persons per household and the mathematical household size is 1.88 persons per household.

The construction activity in Wilmersdorf remained constant in recent 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

In December 2018, it was decided that the following areas should be designated as milieu protection areas without delay and that sufficient personnel/planning positions in the district budget should be planned or decided.

• Schaperstrasse
• Ludwigskirchplatz
• Prager Platz
• Nikolburger Platz

In the second meeting of the district council in 2019, it was added that the area around the Binger Strasse would be included in the current rough screening procedure and designated as a potential observation area until completion.

Milieu protection map Wilmersdorf

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

On an international and national level there are more inflows than outflows. In terms of suburban and internal migration, on the other hand, migration tendencies can be observed.