Berlin’s real estate market is one of the hottest in the world. Prices have increased dramatically over the last decade, so much so that many are asking if the ‘boom’ is over. But what’s the best area to buy in Berlin? Or is it too late?
Is it still a good time to buy property in Berlin?
Yes! There’s no doubt about it. Berlin is still a fantastic place to buy real estate. Although much higher than before, prices are still rising, even during a pandemic! This proves the Berlin property market is untouchable. And if you want to live in your property, you’ll be a homeowner in one of the coolest cities in the world. What more could you want?
So which area should I buy property in Berlin?
That depends on your preferences. But rest assured, this is such a fantastic city, there is an exhaustive list of awesome places to live. Let’s take a look at the options you have.
Berlin neighbourhoods for upscale, city-living
If you’re looking for luxury, the best neighbourhoods are Mitte and Charlottenburg. Mitte, meaning ‘middle’ in German, is the heart of the city. It’s crammed full of museums, restaurants and shops. If you’re a history buff, you’ll love the contrast of East & West in this district, which was divided for nearly 30 years.
Charlottenburg is also known as ‘City-West’ and is full of stunning Alt-Bau architecture. Yet it’s also the place to be for international retail. You’ll find everything from boutique pop-ups in Bikini Berlin, to old and new world luxuries in the legendary KaDeWe (Berlin’s answer to Harrods).
Berlin neighbourhoods for the best return on your investment
- Anywhere just outside ‘the ring’
If you’re looking for the maximum return on your investment, but still want to stay central, have a look at Moabit and Wedding. These working-class neighbourhoods are centrally located and offer great transport connections around the city. The prices are lower than in many other areas and are sure to increase over the next ten years, as these areas are undergoing massive transformation.
Berlin is surrounded by the Ringbahn. ‘The ring’ is a circular train line surrounding the city centre (a bit like London’s Overground Line). If you venture out of the ring, you’ll find lovely residential areas that are well connected to the city and offer great value for money. Take a look at Reinickendorf, Weissensee, Pankow, Lichtenberg or Köpenick. You’ll be pleasantly surprised!
Berlin neighbourhoods for expats
It’s well known that learning German is bloody difficult! Luckily, Berlin is an international hub and you can get by speaking English in some neighbourhoods (at least until you finish your B1 class at the Volkshochschule). Expats flock to the former East, particularly bougie Prenzlauerberg and lively Friedrichshain. On the West side check out Schöneberg. The former home of David Bowie and Iggy Pop is a cosmopolitan district and home to Berlin’s notorious gay neighbourhoods.
Fun fact – Iggy Pop’s hit ‘The Passenger’ is about him riding the Ringbahn around Berlin!
Berlin neighbourhoods for cool hunters
It’s no secret that Kreuzkölln is the district of choice for Berlin’s coolest. Kreuzberg is the creative epicentre of Berlin. It’s a melting pot of artists, immigrants, and a booming startup community. In the last 20 years, it has become one of Berlin’s most sought after residential areas, thus making its properties some of the most valuable. Neukölln, whilst still gritty, is an extension of this, connected to the south side of Kreuzberg.
Berlin neighbourhoods for nature lovers
Berlin is one of the greenest cities in Europe. The city is full of tree-lined streets and almost every neighbourhood has a huge park. But, if you venture outside the ring, it’s not long before you are completely immersed in nature. Located to the north of Wedding, Reinickendorf offers the Tegler Forst, a huge forest with a big lake. To the west, near the old Olympic Stadium, Pichelsberg is the choice for boat enthusiasts and feels like a fishing village. To the South of Pichelsberg is the Grünewald (the green woods). It’s a massive forest running alongside the Havel, a beautiful lake surrounded by mansions. Visit the Havel in Summer and you might think you’re on holiday in Lake Como.
Berlin neighbourhoods for families
Steglitz is close to everything. Located in the southwest of Berlin, it sits between densely populated inner-city districts and leafy suburbs full of villas and detached houses. It has its own bustling high street, Schlossstrasse, which is surrounded by quaint sidestreets. In addition to many green areas, Steglitz also has many excellent schools. Pankow is a large district in the north of Berlin and offers housing stock of all segments and typologies, from houses and villas to factory lofts.
How to start viewing properties in Berlin
Too much information? Don’t worry! Berlin offers a fantastic quality of life, no matter where you end up buying. Take a look at the properties available on Govesta. We connect you to the best, English speaking real estate agents in the city.