Apartments for Sale in Berlin

A vacant apartment you can move into or re-let yourself, and it usually achieves higher prices on resale. A tenanted apartment is cheaper and provides rental income from day one, but ties you to the existing tenancy. Which option fits depends on your goal.

The price per square metre depends heavily on borough, location, year of construction and condition, ranging from simpler outer areas to high-priced inner-city quarters in Berlin. Blanket figures mislead. For every apartment we determine the market-appropriate price from current comparable sales and the specific micro-location.

Purchase costs include land transfer tax, notary and land registry fees, and where applicable the agent's commission. In Berlin they usually total around ten to twelve percent of the purchase price. These costs must generally be covered from equity and should be factored into your financing.

In Berlin the land transfer tax is six percent of the purchase price. It is assessed by the tax office after the notarised purchase contract and is a prerequisite for the transfer of ownership in the land register. For an apartment at 500,000 euros, that is 30,000 euros from equity.

When buying a condominium, the principle of commission sharing has applied since December 2020: buyer and seller each bear half of the broker's commission. In Berlin, the buyer's share is usually 3.57% including VAT — with us, typically 2.97% of the purchase price, for the buyer and the seller respectively. We disclose the exact amount transparently for every property.

As a rule of thumb, you should cover at least the incidental purchase costs of around ten to twelve percent from your own equity. How much equity your bank will require for financing also depends on your personal financial circumstances. More equity lowers both the interest rate and the monthly payment. Clarify your specific requirements with your bank or a financing advisor.