Property market Friedrichshain
Central, hip and creative
Much still reminds us of the structures of the former GDR workers' district: for example, the old warehouses and cold stores on the banks of the Spree, the Stalin buildings along Karl-Marx-Alle or the prefabricated buildings in the west of the district in the district on the Platz der Vereinten Nationen. During the Second World War many streets were destroyed by aerial attacks. After the division of Berlin and with affiliation to the Soviet sector, Friedrichshain moved closer to the town centre of East Berlin. Reconstruction did not begin until the beginning of the 1960s, under Soviet paradigms, still present today in the Stalinist boulevards along Karl-Marx- and Frankfurter Allee.Today, the district, which was merged with Kreuzberg as part of the administrative reform of 2001, is home to some of Berlin's most sought-after residential areas.
Property prices in Friedrichshain
The apartment prices in Friedrichshain seamlessly follow the development of the previous year. The average price per square metre in Friedrichshain, as of the 3rd quarter of 2018, is EUR 4,500 for all apartment types; since the beginning of the year, prices have been rising again, especially for high-end attic extensions and penthouses; the small supply surplus from the previous year has been cleared. The percentage increase in the 12-month period declined slightly from 14 to 10 percent. Since the beginning of our records in 2007, there has been a 2.6-fold increase in the prices offered for apartments in Friedrichshain. The number of apartments on offer will increase slightly in 2018.
Price segments in Friedrichshain
In Friedrichshain, entire blocks were in a desolate state after the fall of communism. Living space was correspondingly inexpensive. 2007/2008 brought a massive wave of refurbishment and modernisation. Many apartment buildings changed owners. Very quickly the price segment up to 2000 EUR/m² living space was discontinued. In 2018 the segment of 4,000 - 6,000 EUR/m² already predominates. The price segment over EUR 6,000 for existing apartments is relatively small.
Apartment buildings in Friedrichshain. Know-how is more important than ever.
In 2018, the upswing in prices for apartment buildings has stopped at a high level for the moment. Even if more apartment buildings are being brought to market in 2018, the supply situation remains tight, demand high and prices at a very high level. There is no general downward trend. Sales in the three large milieu protection areas Petersburger Straße, Weberwiese and Boxhagener Platz are accompanied by the pre-emption issues and averting agreements. The success and timing of your sale depends on the appropriate strategy when selling your apartment building in Friedrichshain. We are happy to advise you on this central topic, with which we have been intensively concerned for years. Introductory information on protected areas, conservation statutes and pre-emptive rights can be found in this article.
Friedrichshain: Influx and outflux
Lichtenberg, Prenzlauer Berg, Moabit and Kreuzberg are the districts with whom the people of Friedrichshain mostly interact. While a negative balance can be measured at Lichtenberg (more relocations to Lichtenberg than arrivals from Lichtenberg), more people from Kreuzberg, Prenzlauer Berg and Moabit move to Friedrichshain than vice versa. Click on the legend to show and hide values. Move the mouse over the bars to find out the number of migrations.
Southwestern Europeans love Friedrichshain
The table below shows the movements between the member states of the European Union and Friedrichshain in 2017.
As a "still" member state of the European Union, the United Kingdom marks the head of the EU immigration to Friedrichshain in 2017, with the Italians and French completing the podium. At the same time and even though there is a positive balance at year-end 2017, in Friedrichshain we still have relatively high outward migration numbers among the top 4. Friedrichshain is an important hub for students and a young, international audience with a relatively small local bond.
Friedrichshain: Migration flows European Union 2017
|Denmark and Faroe Islands||102||61||41|
Industry in Friedrichshain: the past vs. today
In 2001, the neighbor district Kreuzberg merged with Friedrichshain, which is why the district is also referred to as “Friedrichshain-Kreuzberg”.
Different characters of residential areas can be found when comparing the western and eastern quarters of the district. The western part is known for concrete slab constructions, whereas the east is characterized by historic buildings of the Wilhelminian time. Apartments in the stalinistic buildings at Karl-Marx-Allee and Frankfurter Allee are highly demanded not only thanks to the central location. The apartments in the huge condos have practicable cuts, an easy access to the public transportation system (BVG), many restaurant and cafés all around and a growing new and young community.
The Boxhagener neighborhood, which is right in the middle of Revaler Straße, Warschauer Straße and Frankfurter Allee, is quite popular among New-Berliners, students and career starters. Many bars, pubs, restaurants and clubs around Simon-Dach-Straße are tempting for locals and tourists. Also very popular: Samariterviertel and locations along Warschauer Straße. High standard Berlin real estate can be found in the quarter of Stralauer peninsula, which has shown a tremendous growth in the past years. Especially during very cold winter days the frozen bay attracts strollers and ice-skaters.
The history of Oberbaum City, which today is one of Berlin’s most popular business locations, goes all the way back to the 19th century. It started with Berlin’s first water works at Stralauer Tor in 1856. The reason why this part of the district is also called “city of lamps” (Lampenstadt) is that the German company Glasglühlicht AG (today: Osram GmbH), which produced light bulbs, bought the area. Today an emblem of the reconstruction of one of the biggest fields of industry is “Narva”, a 63m-high-rise building at Berlin Ostbahnhof. After the German reunification the production of light bulbs by the company stopped. The historical, landmarked buildings have been restored into modern office and industrial real estate, which is used by established but also young and creative companies. More than 3.500 people are employed at companies in Oberbaum City.
Oberbaum City is part of the investor’s project “Mediaspree”, which plans hotels as well as office and media buildings alongside the Spree. The project is controversial and therefore highly discussed. Some realized projects by Mediaspree are the Mercedes-Benz-Arena and the German headquarters of Universal Music.
One of Berlin’s most popular and youngest districts
The population of Friedrichshain is at 130.444 (12.000 less than Kreuzberg) with an average age of 33 years, which is 10 years below the average age in Berlin. 63,82% of all households in Friedrichshain are single households, which again indicates the low average age as well as individual ways of living. Creative crowds and the various cultural events are reasons why so many young people are interested in living here. Simon-Dach neighborhood and Warschauer Straße are almost more visited at night than during the day thanks to the many clubs and bars. Friedrichshain is also known for individual stores, cozy cafés, exotic restaurants and startups.
But Friedrichshain has far more to offer than its lively and diverse characteristics. Students who moved here years ago because of low rental prices in the past now are young professionals, moms and dads. Quarters with many children between the age of 0 – 18 years are: Stralauer peninsula (20,01%) and Samariterviertel (15,28%).
There is a variety of schools in Friedrichshain:
- 13 elementary schools
- 6 integrated secondary schools
- 5 high schools
- 2 schools with focus on special needs education
Many options for kids and teenagers are given thanks to Volkspark Friedrichshain (park): from recreation and sports to playgrounds. Many restaurants, cafés and sights such as the famous “Märchenbrunnen” are located at the urban park.