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Real Estate in Berlin

Since the fall of the wall there has been a building boom. were western companies were again encouraged to build, invest and refurbish in Berlin with a number of government subsidies and tax incentives.

Rents and house prices are still relatively cheap in Berlin, particularly compared to Hamburg, Munich and other cities in the West, where rents can be twice or three times as expensive for equal space. With the mass government relocation from Bonn, rises in real estates prices were predicted, but so far the impact has been minimal. (For more information on finding rental property Berlin, see our section on accommodation.)

The property for sale market in Berlin is currently showing signs of recovery, with interest rates on the rise and many foreign real estate funds dumping substantial investments here.

The number of people who own their own houses in Berlin remains however relatively low. This is still a renters market, and renting is not seen as being socially inferior to buying property - people who can easily afford to buy property do not always do so, as renting is a great value.

However, should you wish to buy property in Berlin, there are several factors to consider which may differ from your home country.

1) The size of property is always measured not in bedrooms, but is in square metres (m²), which may at first seem baffling if your idea of how large is a house with 5 bedrooms.

2) The number of rooms quoted generally does not include kitchen and bathroom. Reception rooms and bedrooms are usually all counted as 'rooms'.

3) There is less of a variety of housing in Berlin - as with most European cities, the vast majority of homes are apartments.

View here a list of property for sale and investment in Berlin.