Berlin real estate prices continue to increase

Berlin Real Estate: Real Estate Federation measures an increase of more than ten percent.

Condominiums in Berlin are becoming more and more expensive. In the standard residential areas, the average prices have climbed by 12.1 percent to 1.850 EUR/sqm. Additionally in the preferred residential areas the prices have increased by 13.6 percent to 2.500 EUR/sqm. The real estate association (IVD) measures a proper "Run" in Mitte. In the standard locations the prices increased by 29.7 percent to now 2.400/sqm. In the preferred residential areas, in which up to 3.300/sqm are paid, an increase of 37.5 percent is recorded – of course the new building is more expensive. Katja Giller, Chairman Member of IVD Valuation Committee, predicts: “Districts like Friedrichshain -Kreuzberg, Steglitz-Zehlendorf and Pankow becoming increasingly popular. The consistent development of these neighborhoods will lead to further price increases in the near future.”

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