Where Berlin's economic, cultural and political heart beats
Property market Berlin-Mitte
“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 is a mega district with a large housing stock consisting of several sub-districts. Real estate prices in Mitte therefore have to be viewed in a differentiated way, since in both very high-priced locations and simpler locations run under "Mitte". Related to the classic centre, the average offer price as of September 2018 is approx. EUR 5,850/sqm living space. It is anticipated that slightly more apartments will be marketed in 2018 than in the previous year. For Berlin-Mitte we are adding a fourth price segment, from EUR 6,000/sqm living space. Approximately 50 percent of the apartments offered in Mitte are already in this segment. For high-end apartments in Berlin's most expensive district, prices beyond the 15,000 Euro mark have long been demanded and paid. In the 12-month period, the price increase was around 7.2 percent in the third quarter of 2018.
Price evolution properties Berlin-Mitte 2006-2018
The chart below shows how the price segments in the Berlin-Mitte district have developed since 2006.
Market for apartment buildings in Berlin-Mitte
It is hard to believe that 12 years ago, apartment buildings in Berlin-Mitte were still offered at an average price per square metre of around 1,050 euros. In the border regions to Kreuzberg, Prenzlauer Berg, Wedding and Friedrichshain in particular, investors were still not very confident in 2006. Since the late 1990s, prices have been at a low level. It was not before 2011 that prices began to rise continuously. The development initially affected the classic city centre districts before gradually expanding, driven by increasing new construction activity, to the boundaries of the Kreuzberg, Wedding and Friedrichshain districts. As of 2018, the SPD-run Central District has five areas subject to the conservation statutes according to § 172 BauGB: Sparrplatz, Leopoldplatz, Waldstraße, Birkenstraße and Seestraße. The Oranienburger Straße and the Alexanderplatzviertel are research areas. It is to be expected that both areas will receive a decision on the establishment as "Milieuschutz" area in the foreseeable future. Even if the milieu protection areas have a dampening effect on the property market, the performance of apartment buildings in Mitte cannot be halted. As of quarter 3 2018, the average offer price of a mid-range apartment building is around EUR 4,150/m².
Migration flows Berlin-Mitte
Mitte has lively exchange relations with other districts. In 2017, 1,186 people moved from Mitte to Prenzlauer Berg, 941 people moved in the opposite direction to Mitte. Friedrichshain and Wedding also had negative balances, while more people moved to Mitte from Kreuzberg than vice versa.
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|
Classic city silhouette
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.