Microanalysis real estate market Berlin
Housing report Tempelhof
Until recently the district was not really considered as hip. It felt like the neighborhoods of Tempelhof had not woken up yet. Geographically the district goes all the way to the city border and is surrounded by Kreuzberg, Schöneberg, Steglitz and Neukölln. Young families have always enjoyed living here and right now the real estate market of Tempelhof is booming. Row houses from the 20s and 30s, quiet and green streets, little traffic and good locations westwards of Tempelhofer Damm are attractive factors. Even the prices for the beautiful, central locations did not go up dramatically for years because there was almost no fluctuation. Who once owns real estate at the family friendly neighborhood “Fliegerviertel” around Adolf-Scheidt-Platz will usually not try to sell it that easily. With the rising popularity of the recreation area on the former airfield “Tempelhofer Feld” the just so quiet times were over. Houses and classic old apartments right across from one of Berlin’s largest inner-city recreation areas became really interesting. A fashion fair is held at Tempelhofer Feld twice a year and brings some glamour to the district.
Also the area around the train station “Südkreuz” is uprising at the moment. The well-kept residential areas around Südkreuz are definitely an insider tip for those, who like living close to the city- center but still enjoy a quiet and comparatively cheap neighborhood. Besides that the access to the public transportation system (BVG) is excellent.
Real estate prices in Tempelhof
Tempelhof is booming. In the first quarter of 2018, multi-storey apartments were offered on the market at an average price per square metre of EUR 3,550. This corresponds to a price increase of about 11 percent over the same period last year. The real estate market in Tempelhof continues to catch up with the overall development in Berlin. Attics follow the Berlin-wide trend and are dropping in price. In the case of rented units, a deduction of approx. 15 percent must be expected. In total, Tempelhof will offer even fewer properties in 2018. In the first quarter there were less than 120 units, including very few attics and virtually no penthouses. The middle price segment dominates in Tempelhof. It can also be observed that the main segment in the lower price spectrum has been declining rapidly since 2013. There still seems to be little demand on the market for the upper price segment.
Evolution of the real estate market in Tempelhof
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.
Tempelhof: Influx and outflux European Union 2017
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Interactive Tempelhof Map: Everything at a glance.
Learn more about the Berlin district of Tempelhof. 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 Tempelhof? If you click on Berlin 2016, you will get the information for the whole of Berlin.
Real estate market in Tempelhof
The district benefits from the easy access to public transportation, its neighboring district Kreuzberg and Schöneberg and the beautiful residential areas. Only 700 apartments were offered in 2016. One reason for the low number of offered apartments is a high quote of owner occupied housing of 25 percent in Tempelhof and its urban districts Mariendorf, Marienfelde and Lichtenrade. Another reason is that owners are still counting on a catch-up effect of the price development. In 2017 real estate prices continue to increase.
Population in Tempelhof
Many residential areas started becoming more interesting with the closing of the airport in Tempelhof almost 10 years ago. Visitors and residents enjoy their free time at the large greened area, which is also an important natural site for birds and insects.
It is quite obvious how popular the neighborhood of “Neu-Tempelhof” has become since about 600 new residents moved here in 2015. The garden city in Neu-Tempelhof is also called “Fliegerviertel”. Streets are dominated by twin and row houses as well as four- to five- apartment buildings. Life is happening in the northern part of the quarter at Manfred-von-Richthofen-Straße, which is characterized by reconstructed old buildings. Even though the “Fliegerviertel” is right in the middle of the city, it is possible to feel comfortable and to get away from the everyday stress to the many green areas. The population here is a heterogeneous mixture of old and new residents.
People with many different nationalities and cultures are coming together in Tempelhof. More than 50 percent of the residents under 18 years of the area of Tempelhof have a migration background. At the neighborhood “Rathaus Tempelhof” 39,61 percent of the residents have a migration background.