Microanalysis real estate market Berlin
Micro market report Köpenick
Köpenick, right at Berlin’s boundary, has the most parks, woods and lakes of Berlin. The quality of the micro environment with its accommodations offers a very convincing work-life-balance.
The district has heterogeneous residential areas. Bordering on Müggelsee, Dämeritzsee and the river Dahme in the south and east one will find beautiful settlements of old mansions. One of Köpenick’s most favored residential areas is Friedrichshagen. Part of the area northwest of Müggelsee is characterized by glamorous houses in the Wilhelminian style and art nouveau. Grünau and Wendenschloss are predominated by single-family houses, cottages and mansion on broad sites. Exclusive residential quarters are located right at the east waterfront of the river Dahme and old town.
With more than 800 years of history the old town in North-Köpenick is one out of the three oldest settlement areas in Berlin. The historical city centre of Köpenick was part of an urban redevelopment and monument conversation program that took place between 1991- 2008. Most houses in the historical centre and many industrial buildings were revitalized.
Oberschönweide, which is located in the north-west of the district, has been one of the most important industrial locations in the GDR. It still is a business location today but more and more popular as a residential area.
From small town feeling to urban busyness and from tradition to modern spirits: Köpenick is a district of divergent structures. Recreation is possible almost everywhere thanks to the many neighborhoods close to parks and waters. Social diversity and solidarity are Köpenick’s spirit. The district is home to the famous soccer club 1. FC Union Berlin.
Evolution of the real estate market in Berlin Köpenick
Chart above: The three different price segments show how the price structure in the district has changed between 2007- 2016. It also describes how many apartments have been offered in each price segment. The curve represents the development of the average offering price of all apartment types and their price segment.
Real estate prices in Berlin Köpenick
In 2016 the real estate and apartment market in Köpenick was very calm. In 2016 the rise in prices per square meter was at around 8 percent for offering real estate prices.
Nevertheless in Friedrichshagen the rise in prices per square meter from 2015 to 2016 was at 19 percent and in Grünau at 31 percent. In 2015 the performance of Oberschönweide was quite bad, which explains why there has only been a rise of prices of 1 percent in 2016.
Today there are many new building projects in Köpenick. The increase of prices for new building real estate Berlin of 60-80 sqm was around 30 percent higher than in the previous year (this includes 140 offered apartments).
Center of culture and technology
The “Rathenau-Hallen” in Oberschönweide were once an industrial location for electricity in the 20th century. Today it is a business location center for research and development, service as well as movie and media companies. Buildings around Wilhelminenhofstraße, where a factory of the company AEG was once located, nowadays is a hub for culture, technology and business establishment.
Another base for businesses is the “Wuhlheide”, which is a 50.000² large rentable area in Köpenick. It was originally founded as the center of technology and establishment for the newly-formed German states in 1990. Today around 196 companies have settled here.
Hightech companies settled at the center of establishment and technology “Spreeknie”. Young and creative companies and employees highly value Köpenick for offering such centers.
High quality of living in Köpenick
Berlin’s largest district is also the least populated one. The many lakes and woods and of course the castle “Wasserschloss Köpenick” are good reasons for loving the quiet idyllic district.
The district is also known for the tale “Hauptmann von Köpenick”, which took place in 1906 and is about a shoemaker. He dressed up as a major and together with a brigade arrested the town mayor and stole the city treasury. The story is still part of movies and plays today.
Not only is the statue of the “Hauptmann von Köpenick” an indicator of the past: the castle “Schloss Köpenick” has been preserved from the times of the Hohenzollern and the Friedrich Wilhelm (the “great elector”). The castle is opened for visitors to look at the beautiful architecture influenced by the Netherlands as well as the inside of the historic building.
Köpenick becomes more attractive for families. An indicator is the rising number of children in the district: between 2010- 2015 the number increased by 1.150 young residents between the age of 0 and 15 years. There is a variety of sports and recreation opportunities for all ages. The largest non-profit center for children and families in Europe is located in Köpenick. Besides that a climbing forest in Wuhlheide and a skating area in Karslhorst are great fun. Perfect for sunny summer days are the beach-bathing area in Grünau or rafting tours through Köpenick’s nature. Cafés and restaurants can be found everywhere around the water.