Berlin Residential Market Report
Covid 19 remains front of mind for investors and occupiers despite the recovery in global economic activity that began in may.
Berlin residential market report. Housing stock in berlin at the end of 2018 there were almost 327 000 residential buildings in berlin with about 1 95 million apartments the majority of them in multi storey buildings with 3 or more units. Average price per square metre for a berlin apartment comes in at about 5000 euros yet rents are down from 2017. Welcome to the best online market report on the berlin real estate market. Prices for newly built and existing homes in düsseldorf diverge sharply.
Jll prime residential market report germany october 2016 5. Berlin insight 2019 knight frank s berlin insight report assesses current conditions across berlin s prime residential markets. In hamburg price momentum looks set to slow led by its less dynamic labour market. Average rents increased 11 to 11 8 according to two sources.
All relevant parameters for the market analysis are presented in detail and are broken down into the individual districts. We are not only able to provide you with information on the prices advertised but we can also give you an accurate picture of the transactions that have taken place. More than 40 of all residential units are post war constructions from the 1950s to 1970s while a further 13 are of slab construction section 3 4. It highlights recent market performance demand and supply trends and provides our outlook for the market.
Real estate activity remains subdued because investors need more certainty about the sustainability of economic growth and occupiers need a safe way of returning workers to the workplace. In berlin the labour market argues for a long super cycle. Introduction prime residential real estate in germany. Residential buy to let investment market in europe.
The socio demographic conditions for the german residential market are on the whole challenging. We have access to over three million data records from 15 years of working with berlin real estate. Residential units built from the year 2000 onwards is around just 2 of the total stock. Germany is the largest european economy and by far the largest.
Home prices went up almost 15 from march 2017 to march 2018 according to knight frank s 2018 berlin insight report. A safe and stable. Check out the latest market reports regardings berlin s commercial real estate market.