The current real estate market in Berlin shows a mixed development. While property prices have fallen slightly in some districts, they have remained stable or even risen in others. For example, prices for existing properties in Mitte have fallen by around 3.4%, while prices in Moabit have risen by around 1.8%.

The average purchase price for condominiums in Berlin is currently around €5,848/sqm, with new builds being more expensive on average than existing properties. The average asking price for new builds is €8,540/sqm. In contrast, the average price for existing properties is €5,410/sqm.
The current rent index also shows large differences depending on location, year of construction and size. The average rent in Berlin is currently €14.86 per square meter. The Tiergarten district, for example, is well above the general average at EUR 20.51 per square meter. Compared to the previous quarter, however, rents in Tiergarten have fallen by 1.49%. In Schöneberg, on the other hand, rents have risen by 1.56%, meaning that the average rent there is now EUR 19.49 per square meter. In general, purchase and rental prices for new buildings are almost twice as high as for existing properties. Overall, however, it can be said that rental prices have risen slightly compared to the previous quarter.
The coronavirus pandemic also had a significant impact on the real estate market in Berlin. At the beginning of the pandemic, prices continued to rise as many people invested in real estate as a safe investment. However, the market has since cooled somewhat, partly due to increased construction costs and economic uncertainties.