Microanalysis real estate market Berlin
Micro market report Moabit
Moabit is an urban district of Berlin-Mitte and surrounded by water. The district’s potential for development seems to be very high. The location between the waterways of Spree, Berlin-Spandauer Schifffahrtskanal, Weshafenkanal and Charlottenburger Verbindungskanal powered the industrial success of Moabit in the past. With the industrialization workers started moving here, which led to a growth of the population from 10.000 to 93.000 between the years 1858 and 1890. Living conditions were not good at all, leading to an increasing dissatisfaction among the working class population in Moabit. As a result people became politically active: labor unions and parties were founded here. During the Nazi era, Communist, Democratic and Liberal groups from Moabit showed considerable resistance to the oppressors mainly in the neighborhoods of "Rote Beusselkiez" and "Rostocker Kiez".
Residential areas in Moabit are still characterized by the past. Even though the architecture of many buildings is kept very simple, it is today an attractive area for artists, young families and students. A structural change can be noted sine 2006. Moabit is no longer an insider tip an extreme rise in prices could not be registered so far (other than in Kreuzberg and Neukölln). Residents enjoy the central location of Moabit, comparatively cheap rents and dedicated property managements.
Real estate market in Berlin Moabit
Many of the (micro) locations in Moabit with nice old buildings, cafés, restaurants and quiet streets are very popular. Efficient speed limits have been introduced in many familiy areas. Stucco facades of old buildings have been restored and about 90 percent of the historical substance of the buildings has been preserved.
The main Kieze (quarters) in Moabit are: Huttenkiez, Beusselkiez, Westhafen, Emdener Straße, Zwinglistraße, Elberfelder Straße, Stephankiez, Heidestraße, Lübecker Straße, Thomasiusstraße, Zillesiedlung and Lüneburger Straße.
Evolution of the real estate market in Berlin Moabit
Chart above: The three different price segments show how the price structure in the district has changed between 2007- 2017. 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 Moabit
The real estate market in Moabit is relatively "small" and characterized by individual neighborhoods. There are about 39.000 apartments in the quarters mentioned above. Only around 1.000 of them are used by their owners! The rate of owner occupied housing is at 2,5 percent. Pricing and real estate in Berlin-Moabit is heterogeneous and depends very much on the micro locations of the district.
Real estate prices increased about 23 percent between 2015 and 2016 but only about 80 apartments were offered in 2016. The average price increase is thus calculated on a poor data base. In the neighborhood of Stephan-Kiez, around the Main Station (Hauptbahnhof) and in Tiergarten apartment prices showed the strongest increases. Prices of all locations in a radius of 4 km around the Central Station (Hauptbahnhof) are expected to rise in the coming years. Much lower prices can be registered in non-central locations of the district.
“Moabit is awesome!”
People love Moabit because it is very diverse: young and old, low and high-income households, original and new Berliners as well as tourists feel at home in Moabit.
Surrounded by the Spree (river) and several canals, the island position makes living in Moabit very easy. The short distance to Hauptbahnhof and the government district (“Regierungsviertel”) and many nice green areas plus many cafés and beer gardens bring up a kind of holiday feeling in the summer time.
Culture enthusiasts should visit the “Kulturfabrik Moabit”, a former depot base and today a location for concerts, theater, movie theaters, exhibits and political debates.
A young and individual neighborhood is the Stephankiez, which is shaped like a star and quite popular not only amongst the residents of Moabit. In 2015 around 65,73 percent of all households in the neighborhood were single-households. The population is relatively young: 55,12 percent are between the age of 18 and 45 years, whereas only 8,61 percent are older than 65 years. But no matter from which age group, the many pubs, cafés and restaurants open their doors for everyone. Definitely a culinary highlight is the restaurant “Arema” in Birkenstraße.