Microanalysis property market Berlin Mitte
Housing report Berlin-Mitte 2018
“Mitte” stands for literally for “in the middle”, which is exactly what the district is: right in the heart of Berlin. Not only geographically but also in terms of economicial, cultural and political life the district has a central position in Berlin. The parliament, Federal Chancellery (Bundeskanzleramt) and ministries are located in the government district, as well as most of the big embassies. As the district consists of the quarters Tiergarten, Wedding and Mitte since 2001, it is an east-west district.
With its many attractions like the Brandenburg Gate, the Boulevard “Unter den Linden” and Checkpoint-Charly, Mitte is definitely a hotspot for tourists.
Important establishments for culture and education are also located here. Berlin’s heart for culture is beating for the Museumsinsel, Humboldt-University, two operas, theaters, Varieté and libraries.
One of the most expensive addresses in Berlin
Mitte does not only have a high stock of apartments, it is also the base for offices, service and trading companies. It is the district with the most expensive residential areas in Berlin. Mitte is a mega district! The housing stock is accordingly large and it is more difficult to record and compare apartment prices in than in other districts of Berlin as not only very high-priced locations but also simpler locations run under "Mitte".
Of the approximately 1,400 apartments offered in Berlin-Mitte in 2017, nearly 400 units were in the price segment over EUR 6,000/sqm.
For high-end apartments in Berlin's most expensive district, prices beyond the 15,000 Euro mark have been charged and paid for quite some time.
In the 12-month period, the relative price increase was 4.5 percent in the first quarter of 2018. In the portfolio segment for apartments in Mitte, the average offering price at the beginning of 2018 is EUR 5,800/sqm. The mid-range price segment is approaching the 6,000 Euro/m² mark.
For all types of apartments, the average offer price in the predominantly good locations is around EUR 5,750/sqm, around EUR 250/sqm higher than in the same period in 2017.
Price evolution properties Berlin-Mitte 2016-2018
The chart below shows how the price segments in the Berlin-Mitte district have developed since 2006.
All-time Classics: Great Britain, Italy, France.
The table below shows the migratory flows between the district of Mitte and the European Union. In Mitte, the "classic" European countries of origin dominate with high positive balances. England, Italy and France lead the list. The term "Mitte" means "Mitte-Mitte" (mid-center), without the associated districts. Please also see our interactive map below.
Mitte: migration flows with European Union 2017
|Denmark and Faroe Islands||44||45||-1|
Interactive Mitte Map: Everything at a glance.
Learn more about the Berlin district of Mitte. In our interactive map, click on the evaluation you are interested in. Where does my peer group live? How international is my neighbourhood? We green is Mitte? If you click on Berlin 2016, you will get the information for the whole of Berlin.
Numerous historic buildings in the western part of Leipziger Straße are very well preserved. While in this section the Federal Ministry of Finance and the Federal Council reside, the eastern Leipziger Straße is characterized by a line of skyscrapers with between eleven to 25 floors. The residential complexes along Leipziger Straße were built in the late 1960ies. The idea was to have a socialist antagonist to the Axel-Springer skyscraper in the western side of Berlin, just a stones throw away.
The area of Rosenthaler Vorstadt is a mix of neoclassical and Wilhelminian buildings with new apartment complexes. The Brunnenstraße shifted from a suburban style to a business and tourist area with the turn of the century. Many residential buildings from 1860 are well preserved and can easily compete with newer impressive business buildings and tenements with many backyards.
Families are very attracted to the neighborhood around Rosenthaler Vorstadt and often decide to move to Arkonaplatz, which is between Torstraße, Friedrichstraße, Rosa-Luxemburgstraße and Spree.
The oldest preserved town-layout of Berlin is Spandauer Vorstadt. The largest courtyard complex in Germany is an impressive historic monument: Hackesche Höfe. The quarters round Hackscher market and Oranienburger Straße are home to galleries, exclusive designer shops, restaurants and clubs.
The big Synagogue is located in Oranienburger Straße. It was built in 1866 when the growing Jewish population asked for a bigger and more representative House for the community. The Nazi pogrom and subsequent bombings in WW2 destroyed a major part of the street. There were almost no restoration programs during the time of the GDR and most buildings were torn down. Only after the German reunification the quarter started to become livelier again. The Centrum Judaicum in the new Synagogue and the presence of many artists makes it one of Berlin’s top locations of today.
Berlin-Mitte: research, chancelleries, associations and government
Standards for research and medicine are extremely high in Berlin-Mitte. One of Europe’s biggest university hospitals the “Charité” is located here. Nobel prize winners for medicine and physiology like Emil von Behring, Robert Koch and Paul Ehrlich did their research at the Charité.
Mitte is also a popular location for national and international companies, chancelleries and associations.
The most popular district for going out
Berlin-Mitte is the place to be. Nights are usually not that quiet around Rosenthaler Platz. Places like the Odessa Bar at Torstraße and Muschi Obermaier Bar in the style of the 60s are always packed with locals and tourists. A place internationally known for great parties is the Kitty Cheng Bar. Even VIP’s go there like the players of the soccer club FC Bayern München. The Alexanderplatz is another excellent place for clubbing. The Avenue club includes two bars besides the dance floor and the Weekend Club with the rooftop offering a beautiful view over Berlin is the perfect place to spend a summer night at.
It should be noted: Mitte is great for clubbing and we only mentioned a few of the many options. Nevertheless Mitte also has a lot to offer when it comes to food. Excellent restaurants are located all around Friedrichstraße and Gendarmenmarkt. Delicious steaks can be enjoyed at the Steakhouse Grill Royal, which list of champagnes is longer than the one for wines. The Borchardt restaurant serves premium French cuisine to its (sometimes quite famous) visitors. Another first class restaurant, which French cuisine lovers should stop by, is the stylish Bandol sur Mer restaurant at Torstraße. Also located there: the Asian restaurant Dudu. The restaurant offers creative dishes inspired by the Vietnamese and Japanese cuisine.
So many options: going out to a club, bar or restaurant or enjoying the cultural sites like theaters, galleries and museums. Mitte is the center of politics, economy and culture in Berlin.