Microanalysis real estate market Berlin
Micro market report Schöneberg
Schöneberg is not only popular for its lively pubs and cultural establishments. The short distance to Berlin’s big universities, shopping boulevards like Kurfürstendamm, Tauentzienstraße and Schloßstraße as well as many recreational areas let Schöneberg appear very attractive. The central district is located next to Tempelhof and belongs to the main district Tempelhof-Schöneberg. It is home to more than 149.476 people and has a variety of different neighborhoods from very simple to exclusive. It goes from hip locations around Motzstraße to rummage and life-style neighborhoods around Kleistpark and bourgeois locations in Friedenau. Especially in high demand are the apartments in postwar buildings. The district was already popular during the times of the German Wall and home to the LGBT-scene of Berlin. Apartments were already highly demanded during the 80s and led to high buying and rental prices. About 66 percent of all households in Schöneberg are single-households.
People enjoy visiting the small theaters and cabarets or meeting friends at one of the many bars, restaurants or cafés. The night life in Schöneberg is quite active. The district was like an impulse generator during the times of the Berlin Wall and President J.F. Kennedy held is famous speech in front of the city hall of Schöneberg.
Evolutionary stages of the real estate market in Schöneberg
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 Schöneberg
Reasons for the continuing high demand and risings real estate prices for all apartment types are for example the central location and the international audience around Winterfeldtplatz. Most people are looking for small single apartments. In 2016 the increase of prices was around 14 percent for all apartment types. A slight price drop was noted in 2016 for top floor and penthouse apartments. On average the price for top floor apartments was around 5.650 EUR/sqm and around 6.350 EUR/sqm for penthouse apartments.
Around 2.000 apartments were offered in 2016 and due to rising prices it usually took 14 weeks until the selling. In 2017 real estate prices in Schöneberg continue to increase.
New building projects in Schöneberg
Offering prices for new building projects rose about 31 percent in 2016. Around 240 apartments were offered for an average price of 6.000€/sqm.
Central and diverse – this is Schöneberg!
Not only the district but also its residents are heterogeneous. The facets of the district are colorful and diverse: quiet and lively, alternative and modern, simple and exalted.
Berliner’s and tourists meet at the traditional pubs, bars, restaurants and cafés at Winterfeldtplatz, which was once the stronghold of the squatter scene. People can enjoy Berlin’s biggest farmers market every Wednesday and Saturday here. Center of the gay-lesbian community are the streets around Nollendorfplatz. The neighborhood is hosting Europe’s biggest lesbian and gay street festival every year for two summer days since 1993. Schöneberg stands for diversity, acceptance and tolerance. That fact was also highly valued by David Bowie, who lived at Hauptstraße 155. Also Kurt Tucholsky, Albert Einstein and Marlene Dietrich lived in Schöneberg. Whereas Einstein resided at the elegant quarter “Bayrisches Viertel”, Marlene Dietrich was born at Leberstraße, the so-called “Red Island”. The “Red Island” got its name from the left oriented working class.
Red Island, quarters around Bayrischer Platz, Bautzener Straße and Kaiser-Wilhelm-Platz are all social preserved areas.