Microanalysis real estate market Berlin
Micro market report Hellersdorf
The district of Marzahn- Hellersdorf has undergone an enourmous development in the last years. The district’s environment is diverse, family- friendly and has a strong economy.
The typical settlements of concrete slab construction go back to the industrial prefabricated construction methods in the GDR after 1980. Today the settlements are almost fully reconstructed, modernized and greened, which abolished the prejudice of Marzahn being nothing else but simple concrete slab constructions.
The district also became more interesting lately due to the apartment shortage in Berlin. Other areas like Kaulsdorf and Mahlsdorf seem to be more suburban than city-like because of the many single-family houses in the area.
The residents of Hellersdorf are proud of their city center “Helle Mitte” built in 1997, which offers many shopping opportunities, cafés, a movie theater and a pedestrian zone. Besides being a nice contrast to the concrete jungle “Helle Mitte” also holds offices of the senate’s administration of urban development, which is responsible for the improvement of the living standards and neighborhood.
The situation in Marzahn is quite similar to Hellersdorf: a heterogeneous mixture of concrete slab construction and single-family houses. Biesdorf and Friedrichsfelde-East represent the character of a garden city. All together Biesdorf, Friedrichsfelde- East, Kaulsdorf and Mahlsdorf are the largest linked area of single-family houses in Berlin.
Real estate prices in Hellersdorf
Around 132.000 apartments are officially recorded in Marzahn-Hellersdorf. Approximately 100.000 of them are apartments in concrete slab construction buildings, in German "Plattenbau". The owner occupancy is around 14 percent, which is equal to the average in Berlin. Less than 3 percent of apartments are vacant.
In the last 3 years mainly single-family houses and houses with two apartments have been built. Whereas the housing market in Hellersdorf is relatively calm, Kaulsdorf, Mahlsdorf and Biesdorf are booming. As a result of smaller building projects, only 17 apartments have been offered in 2016.
The average price was at 3.700 EUR/sqm. Sales of freehold apartments are relatively low because they are hold by building companies and big, institutional owners. The lowest rents of Berlin real estate are achieved in Marzahn-Hellersdorf. Because of small apartment sizes and low rents average basic rent is at 621,96 € (Mahlsdorf, 12623). Kaulsdorf has the strongest households and even compared to all other Berliner districts is part of the upper 10th.
Prices increased around 4 percent from 2015 to 2016.
Technologies of the future, Cleantech Business Park and IGA 2017
Marzahn-Hellersdorf counts as an innovative base for industry and health-research. Companies profit from the location factors thanks to the well-developed infrastructure, public transport system (BVG) and access to the highway.
Around 2.500 companies are settled at “Berlin eastside”, which is the biggest connected industrial- business park in Berlin with 1.200 hectare. The area is shared with the district Lichtenberg.
Next to it the Cleantech Business Park opened in September 2015. With 90 hectare it is the largest industrial park in Berlin. The park has been especially built for manufacturing businesses in the Cleantech sector. Ecological factors have already been considered at the exploitation of the area. The goal is the fusion of economic growth with climate and environment protection.
The “Gärten der Welt” in Marzahn-Hellersdorf, with more than 800.000 visitors a year, are exhibiting Chinese, Japanese, Oriental, Balinese and Europe gardening art. In line with the international gardening exhibit (“IGA”) in 2017 the English Garden will be opened. Around 2,4 Million visitors are estimated for the IGA that year.
Hellersdorf: high quality of life and family friendly
Residents in Helelrsdorf are "happy" and in good health. It has not always been that way: between 1990 and 2009 suffered from high vacancies and an overaged population. The worst year was in 1997, when approximately 28.000 people moved away and only 17.000 moved to the district. Today around 262.000 people are living in the district, with 2.500 “New-Hellersdorfers” moving here every year. Younger people have a positive impact on the district.
With the many families moving to Hellersdorf, including children between 9 and 18 years, the birthrate in the district is also rising again. The low-priced apartments and the well-developed social infrastructure are especially appreciated by young families. Hellersdorf offers a variety of kindergartens and schools close to the houses and apartments.