Suche
Mein Konto
Increase by almost a fifth: Berlin rents reach record highs
Asking rents in Berlin rose by 18.3 percent - Find out why prices for new rentals in the capital have risen so quickly and which districts are particularly popular. From the Berlin housing market report to the current situation on the rental market - everything you need to know here! 🏠 #Berlin #rental prices #housing market
Increase by almost a fifth: Berlin rents reach record highs
Asking rents in Berlin rose by 18.3 percent last year, which is almost a fifth. This development is the result of a current market analysis that was examined both across Berlin and on a district-by-district basis. Rents rose by almost a quarter, especially in popular districts such as Kreuzberg and Neukölln.
The high influx to Berlin combined with a declining supply of apartments has led to this renewed increase in asking rents. According to the Berlin residential market report, the average rent per square meter was 13.60 euros in 2023. This represents a significant increase compared to the previous year and is the strongest increase among the seven largest cities in Germany.
Despite these rising asking rents, the rental market in Berlin remains extremely tense. The high and constantly growing demand is colliding with the slow pace of new housing construction, which is leading to bottlenecks. The report highlights that sufficient housing cannot be provided to meet demand.
An interesting counter-trend to rising rents is the decline in purchase prices for residential property last year. Across all market segments, the prices per square meter in the offers examined fell by an average of 1.4 percent to 5,750 euros per square meter. This decline is partly attributed to falling demand as a result of high interest rates on purchase loans.
In the coming years, it will be crucial how developments on the Berlin real estate market continue, especially given the ongoing influx into the capital and the ongoing challenges in housing construction. Rising rents present many Berliners with the challenge of finding affordable living space and securing it in the long term.