Purchase apartments and properties in Berlin (Germany)

gateberlin.com

About GATE Berlin

Property search advisory services operate with great success

in liquid real estate markets in major cities across the world
but are yet to be widely offered in Germany. GATE Berlin is
first in delivering the concept to buyers of Berlin residential
properties and sourcing investment opportunities across
Germany.
Over the years, GATE Berlins principals have learnt about
effective property search and purchase in cities including New
York, Paris and Sydney, combining this valuable experience
with decades of negotiating the Berlin property market.

Opportunities for property buyers in Berlin

Despite the balance between supply and demand of Berlin
property, it is becoming noticeably more difficult to find wellpriced properties in the best locations. The luxury segment
offers the least number of available properties with top
properties frequently sold during the planning stages of
construction or renovation.

Purchase prices of properties in the lower segment of the

market and peripheral locations range from 1,000-2,500
per square metre.

For properties with good amenities in the better locations,

prices can range from 2,500-3,500 per square metre. In
upmarket locations with better amenities prices go up to
5,500 per square metre.

 At 3,588, the district of Mitte leads price per square metre for
new average constructions, followed by CharlottenburgWilmersdorf at 3,301.
More affordable locations are districts on the periphery, such as
Lichtenberg (1,919), Spandau (1,838) and Marzahn-Hellersdorf
(1,619).
Luxury accommodation in prime locations, whether historic or
new buildings, starts from 5,500 per square metre. Select
properties such as penthouses with luxury amenities can sell for
over 10,000, although their availability is limited.
High-density apartments or residential buildings in peripheral
locations, including those needing renovation fall into a price
range between 12 to 16 times their annual net rent, with a return
of around 6-8%. In prime locations, selling prices are around 20 to
25 times the annual rent with returns of 3-6%

The rental market

Higher purchase prices impact rent levels in the medium term.
Berlin residential rents have risen continuously since 2007, due to an
imbalance between supply and demand during a high demand for
housing.
According to recent figures from the Berlin Tenants Association, the
number of households has increased by 134,800 in the past decade,
but the number of additional flats has risen by just 33,366. Berliners
currently spend a quarter of their income on rent, according to the
map of living costs created by the German Real Estate Association
similar to residential rent spend in Munich. However, Munich
residents pay 13.82 per square metre, almost twice rental prices in
Berlin.
According to Wohnungsboerse Berlin, the net rental price for new
contracts on flats in Berlin averages 7.98 per square metre per
month. The net rental price based on existing contracts, without
operating or heating costs, averages 6.49 per square metre.

Average prices for new rental agreements by

area:

The most expensive Berlin districts are stately

Grunewald (11.71) and Mitte (11.53) followed
by Friedrichshain-Kreuzberg and Prenzlauer Berg
(9.75), Charlottenburg- Wilmersdorf (9.52),
Pankow (8.92) and Steglitz-Zehlendorf (8.50).
Districts with below- average prices include
Neuklln, Lichtenberg and Reinickendorf with
significantly lower prices available in Spandau
(6.25) and Marzahn-Hellersdorf (5.40).

Contact us
GATE Berlin property invest
GmbH
Kurfrstendamm 30
Berlin 10719
Germany
Phone: +49 (0)30 327 66 540
Email: info@gateberlin.com
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