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Housing market report Berlin 2024: Prices for condominiums in districts in comparison
Development of condominium prices in Berlin: Friedrichshain-Kreuzberg, Mitte and Marzahn-Hellersdorf in focus. Current figures and trends.
Housing market report Berlin 2024: Prices for condominiums in districts in comparison
Prices for condominiums in Berlin fell overall by 1.4 percent last year. However, there are clear differences in the different districts of the city. In Friedrichshain-Kreuzberg, an already expensive district, asking prices rose by 1.5 percent. There was also a slight increase of 0.1 percent in Mitte, another expensive district. In the comparatively cheap Marzahn-Hellersdorf, however, prices rose by 2.5 percent.
This data comes from the recently published Berlin 2024 residential market report, which was presented by Bank Berlin Hyp and the brokerage firm CBRE. The analysis shows that despite the general decline in prices on the Berlin real estate market, certain districts are still experiencing increasing demand and value.
The development of prices for condominiums in Berlin remains an important factor for property buyers and investors. The data from the 2024 Housing Market Report offers valuable insights into the current trends and developments on the Berlin real estate market. It remains to be seen how prices will develop in the various districts in the coming years.