Microanalysis real estate market Berlin
Micro market report Marzahn
The district Marzahn-Hellersdorf has undergone an extreme change of structure in the last years. Today it is a diverse, economically strong and family friendly district.
Concrete slab constructions built in the times of the GDR characterize most residential areas in Hellersdorf. In the meantime almost all settlements have been completely reconstructed, modernized and greened and transormed into attractive residential areas. An exact opposite of architecture can be found in the urban districts Kaulsdorf and Mahlsdorf. Both are mainly areas with single-family houses and a far more rural atmosphere.
The residents of Marzahn and 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 Marzahn
The housing stock in Marzahn-Hellersdorf is over 132,000 apartments. The prefab housing blocks in the large housing estates account for at least 100,000 apartments. At nearly 14 percent, the ownership rate is in line with the Berlin average. The vacancy rate is less than 3%.
One of the trends of the coming years will be the shift of housing projects from the centrally located centres to the outskirts of the city and the surrounding area in view of scarce building areas. The outskirts of Berlin, including Marzahn, Hellersdorf and Spandau, will become more important. Marzahn-Hellersdorf is already well ahead in terms of building permits for detached and semi-detached houses. In the districts of Kaulsdorf, Mahlsdorf and Biesdorf there is an upswing. This trend is already reflected in the prices of apartments and houses in Marzahn. From 2017 to the first quarter of 2018, supply prices rose at an unprecedented rate.
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), access to the highway.
Around 2.500 companies are settled at “Berlin eastside”, which is the biggest connected industrial- business park in Berlin (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.
Living in Marzahn- Hellersdorf
Residents 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 Marzahn, including children between 9 and 18 years, the birthrate in the district is also rising again. The cheap 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.