Berlin: Prices for used condominiums fall in almost all districts

Berlin: Prices for used condominiums fall in almost all districts

according to a report by www.berliner-zeitung.de Third quarter of 2023 dropped to almost all districts. According to the purchase price mirror of the Institute of Empirica and the Landesbausparkasse (LBS) Northwest, the average offer price for all of Berlin is currently 5380 euros per square meter of living space, which corresponds to a decrease of two percent compared to the same period last year.

The highest apartment prices are required in Mitte, where the standard price is 6345 euros per square meter. In Charlottenburg-Wilmersdorf, the mean square meter price is 6286 euros, while an average price of 6196 euros is required in Friedrichshain-Kreuzberg. In contrast, cheap offers can be found in Marzahn-Hellersdorf and Spandau, where the prices have dropped significantly more than in the Berlin average in the course of a year.

According to the report of Berliner Zeitung According to the purchase price level from Empirica and LBS Investment apartments now vice versa. In ten out of twelve districts, standard prices fell by up to seven percent. Only in Mitte and Charlottenburg-Wilmersdorf there was a slight increase compared to the same period last year.