Real estate prices in Berlin in 2022
In this article, we look at real estate prices in Berlin (the capital of Germany) in 2022, including a look at the dynamics of price changes from 2007 to the present day.
In 2007, it was possible to buy real estate in the German capital for an average of €1,000 per square meter. Property owners who made deals 10-15 years ago were able to make good money or increase their investments. From 2007 to 2022 apartment prices in Berlin have risen significantly.
As of December 2022, the average price of 1 square meter in Berlin is €5,500 in the secondary market and €8,500 in the primary market.
The picture shows the dynamics of real estate prices in Berlin over the past 15 years (from 2007 to 2022).
Apartment prices in Berlin by area in 2022
|Berlin neighborhoods||Average price per 1 square meter (primary real estate market)||Average price per 1 square meter (secondary real estate market)|
|Spandau||6,120 EUR/m²||4,060 EUR/m²|
|Marzahn-Hellersdorf||5,520 EUR/m²||4,230 EUR/m²|
|Treptow||6,590 EUR/m²||4,330 EUR/m²|
|Reinickendorf||7,190 EUR/m²||4,360 EUR/m²|
|Tempelhof||6,680 EUR/m²||4,460 EUR/m²|
|Wedding||7,780 EUR/m²||4,650 EUR/m²|
|Lichtenberg||6,570 EUR/m²||4,700 EUR/m²|
|Köpenick||7,790 EUR/m²||4,840 EUR/m²|
|Neukölln||8,500 EUR/m²||4,860 EUR/m²|
|Steglitz||8,190 EUR/m²||4,980 EUR/m²|
|Pankow||7,580 EUR/m²||5,070 EUR/m²|
|Weißensee||8,700 EUR/m²||5,090 EUR/m²|
|Moabit||10,560 EUR/m²||5,310 EUR/m²|
|Friedrichshain||9,440 EUR/m²||5,840 EUR/m²|
|Schöneberg||10,500 EUR/m²||5,940 EUR/m²|
|Charlottenburg||11,150 EUR/m²||6,000 EUR/m²|
|Zehlendorf||9,220 EUR/m²||6,110 EUR/m²|
|Wilmersdorf||9,740 EUR/m²||6,760 EUR/m²|
|Prenzlauer Berg||11,440 EUR/m²||6,920 EUR/m²|
|Kreuzberg||10,000 EUR/m²||7,000 EUR/m²|
|Tiergarten||11,960 EUR/m²||7,500 EUR/m²|
|Mitte||12,990 EUR/m²||8,920 EUR/m²|
The prestige of the area affects the rental rates. For example, in areas of Berlin where real estate prices are high, rent is also more expensive. And vice versa.