What is the average apartment price in Berlin?

Authored by the expert who managed and guided the team behind the Germany Property Pack

Yes, the analysis of Berlin's property market is included in our pack

Who is the author of this content?

INVESTROPA

A team specialized in real estate investing in European countries (Germany, Netherlands, Austria, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Germany. If you'd like to learn more about us, you can check our presentation page.

How this content was created 🔎📝

At InvestRopa, we explore the German real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers in cities like Berlin, Munich, and Hamburg. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

These observations are originally based on what we've learned through these conversations and our observations. But it was not enough. To back them up, we also needed to rely on trusted resources

We prioritize accuracy and authority. Trends lacking solid data or expert validation were excluded.

Trustworthiness is central to our work. Every source and citation is clearly listed, ensuring transparency. A writing AI-powered tool was used solely to refine readability and engagement.

To make the information accessible, our team designed custom infographics that clarify key points. We hope you will like them! All illustrations and media were created in-house and added manually.

How much does an apartment cost on average in Berlin today?

Berlin apartment prices average €5,400 to €6,500 per square meter as of June 2025.

The median price for existing apartments reaches €4,980 per square meter based on actual sales data, while listing prices average €5,430 per square meter. For a typical 70-square-meter apartment, buyers can expect to pay around €373,000 for existing properties.

New-build apartments command significantly higher prices, with median costs ranging from €7,980 to €8,420 per square meter. These premium prices reflect modern amenities, energy efficiency standards, and lower maintenance requirements that attract Berlin buyers.

It's something we develop in our Germany property pack.

How do average prices vary by apartment size and number of rooms?

Larger apartments typically offer better value per square meter but require higher total investment.

Studio and one-bedroom apartments command premium per-square-meter pricing, especially in central Berlin districts. A 50-square-meter one-bedroom in Mitte costs approximately €400,500, translating to €8,010 per square meter.

Two and three-bedroom apartments benefit from economies of scale, reducing the per-square-meter cost while increasing total purchase prices. A 70-square-meter two-bedroom in Neukölln averages €305,200, or €4,360 per square meter.

The pricing advantage for larger units becomes more pronounced in peripheral districts where space costs less than in central Berlin locations.

What are the differences in average prices between new-build and older apartments?

New-build apartments cost 30% to 80% more than existing properties across Berlin districts.

Existing apartments average €4,980 to €5,430 per square meter, while new construction ranges from €7,980 to €8,420 per square meter. In premium districts like Mitte, new builds can reach €14,560 per square meter compared to €8,010 for existing properties.

The price premium for new construction reflects several factors: modern energy efficiency standards, contemporary amenities, reduced maintenance costs, and warranty protections. New builds also meet current building codes and often include features like underground parking and balconies.

Buyers choosing existing apartments benefit from lower purchase prices but may face renovation costs ranging from €500 to €2,000 per square meter depending on the property's condition.

How do apartment prices differ between central districts like Mitte or Charlottenburg and more peripheral areas like Neukölln or Wedding?

Central Berlin districts command 40% to 70% higher prices than peripheral neighborhoods.

Mitte leads Berlin's pricing with existing apartments at €8,010 per square meter and new builds reaching €14,560 per square meter. Charlottenburg follows closely with existing properties at €6,260 per square meter and new construction at €11,390 per square meter.

Peripheral districts like Neukölln and Wedding offer more affordable options at €4,720 per square meter for existing apartments. New builds in these areas cost €8,740 per square meter in Neukölln and €7,440 per square meter in Wedding.

The price differential reflects location advantages including proximity to business districts, cultural attractions, transportation hubs, and established infrastructure that central districts provide.

What are some concrete example prices for buying a 1-bedroom and a 2-bedroom apartment in popular districts?

Apartment prices vary dramatically between Berlin's most sought-after neighborhoods.

In Mitte, expect to pay €400,000 to €450,000 for a 50-square-meter one-bedroom apartment and €640,000 to €720,000 for an 80-square-meter two-bedroom unit. Charlottenburg offers slightly lower prices with one-bedrooms ranging from €300,000 to €375,000 and two-bedrooms from €500,000 to €600,000.

Friedrichshain provides more moderate pricing with one-bedroom apartments costing €250,000 to €350,000 and two-bedrooms ranging from €400,000 to €560,000. The trendy district attracts young professionals and offers vibrant nightlife alongside reasonable property values.

Budget-conscious buyers find opportunities in Neukölln and Wedding, where one-bedroom apartments cost €190,000 to €285,000 and two-bedrooms range from €300,000 to €450,000.

Which neighborhoods are considered the most expensive, the most budget-friendly, and the most promising for future value growth?

Berlin's real estate market shows clear segmentation between luxury, affordable, and emerging investment zones.

1. **Most Expensive Districts:** Mitte dominates as Berlin's priciest neighborhood, followed by Charlottenburg, Tiergarten, and Wilmersdorf. These areas offer prestige, central locations, and established infrastructure.2. **Budget-Friendly Options:** Neukölln, Wedding, Lichtenberg, Marzahn-Hellersdorf, and Reinickendorf provide affordable entry points into Berlin property ownership with good transportation connections.3. **Growth Potential Areas:** Friedrichshain combines vibrant culture with high rental demand, making it attractive for investors. Moabit offers central location at lower prices with rapid development. Tempelhof-Schöneberg benefits from new construction projects and central positioning.4. **Emerging Neighborhoods:** Wedding and Neukölln show gentrification trends that may drive future appreciation, though buyers should research specific micro-locations carefully.5. **Stable Investment Zones:** Charlottenburg and Wilmersdorf provide steady appreciation with lower volatility than emerging areas.

What additional costs should I expect on top of the purchase price, including notary fees, taxes, agent commissions, and renovation work?

Additional purchase costs typically add 11% to 13% to Berlin apartment prices.

Cost Category	Percentage	Amount (€400k property)
Land Transfer Tax	6.0%	€24,000
Agent Commission	3.57%	€14,280
Notary Fees	1.5-2.0%	€6,000-€8,000
Registration Fees	0.5%	€2,000
Basic Renovation	Variable	€25,000-€140,000
Total (excl. renovation)	11.6-12.1%	€46,280-€48,280

Renovation costs vary significantly based on property condition, ranging from €500 per square meter for basic updates to €2,000 per square meter for complete modernization.

If I finance the purchase, what does a typical mortgage look like today, including interest rates, down payment, and monthly payments?

Berlin mortgage conditions in June 2025 reflect current European interest rate environments.

Interest rates range from 4.2% to 4.8% for 10 to 15-year fixed-rate mortgages. Banks typically require down payments of 10% to 20% of the purchase price, with international buyers sometimes facing higher requirements.

For a €400,000 apartment with 20% down payment (€320,000 loan) at 4.5% interest with 2% annual repayment, monthly payments include €1,200 to €1,400 for interest and principal. Adding property taxes, insurance, and maintenance reserves brings total monthly costs to €1,500 to €1,800.

German mortgages favor stability with fixed rates and predictable payments, making financial planning easier for Berlin property buyers.

It's something we develop in our Germany property pack.

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Germany versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.

What are the smartest areas or types of apartments to buy right now depending on whether I want to live in it, rent it short term, long term, or resell later?

Investment strategy determines optimal Berlin neighborhood and property type selection.

**For Personal Residence:**- Central districts like Mitte, Charlottenburg, and Friedrichshain offer lifestyle advantages and convenience- Upcoming areas like Moabit and Tempelhof-Schöneberg provide value with growth potential- Consider proximity to work, transport links, and personal preferences for neighborhood character**For Short-Term Rentals:**- Mitte, Friedrichshain, and Kreuzberg attract tourists and business travelers- Check local Airbnb regulations as Berlin has restrictions on short-term rentals- Properties near major attractions and transport hubs perform best**For Long-Term Rentals:**- Neukölln, Wedding, and Lichtenberg offer affordable prices with steady rental demand- Student-friendly areas near universities provide consistent tenant pools- Two-bedroom apartments often yield better returns than studios**For Future Resale:**- Emerging neighborhoods with development projects offer appreciation potential- Moabit, Reinickendorf, and Tempelhof-Schöneberg show promise- New construction in peripheral areas may outperform existing central properties

How have apartment prices in Berlin changed compared to 1 year ago and 5 years ago?

Berlin apartment prices show moderate growth over recent periods after dramatic increases in the previous decade.

Year-over-year growth from 2024 to 2025 reached 1.5% to 2.2% for existing apartments, while new builds appreciated 4.9%. This moderate pace reflects market stabilization after years of rapid increases.

Five-year price evolution from 2020 to 2025 shows apartments rising from approximately €5,100 per square meter to current levels of €5,400 to €6,500 per square meter. New construction experienced stronger appreciation during this period.

The dramatic price surge occurred between 2015 and 2020 when Berlin apartment prices more than doubled, driven by international investment, population growth, and limited housing supply. Recent growth rates represent a more sustainable pace.

What are the expert forecasts for Berlin apartment prices over the next 1, 5, and 10 years?

Real estate experts predict continued but moderate appreciation for Berlin apartments through the next decade.

One-year forecasts suggest 1% to 3% price growth as the market absorbs current interest rate levels and new housing supply. Central districts may outperform peripheral areas during this adjustment period.

Five-year projections indicate steady growth of 3% to 5% annually, assuming stable economic conditions and continued population growth. Berlin's status as Germany's political and cultural capital supports long-term demand.

Ten-year outlooks anticipate continued appreciation but at slower rates than the previous decade's dramatic increases. Infrastructure improvements, new district developments, and Berlin's international appeal should drive sustainable growth while avoiding bubble conditions.

It's something we develop in our Germany property pack.

How do Berlin apartment prices compare to those in other similar cities like Munich, Hamburg, Vienna, or Amsterdam?

Berlin remains more affordable than most comparable European capitals while offering similar amenities and opportunities.

City	Existing Apartments (€/m²)	New Build (€/m²)	Relative to Berlin
Munich	€8,476	€11,454	+55% higher
Amsterdam	€7,500	€10,000	+38% higher
Hamburg	€5,560	€8,589	+2% higher
Berlin	€5,451	€8,300	Baseline
Vienna	€4,500	€7,000	-17% lower

Berlin's competitive positioning makes it attractive for international buyers seeking European capital city exposure without Munich or Amsterdam premium pricing. The city offers cultural richness, economic opportunities, and growth potential at accessible price points.

Conclusion

This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.

Sources

1. Guthmann Estate Berlin Real Estate Market 2025 Update
2. InvestRopa Berlin Average Apartment Prices
3. InvestRopa Germany Price Forecasts
4. Guthmann Estate Berlin Market Report
5. Tranio Berlin Districts Real Estate Guide
6. Beroomie Affordable Berlin Neighborhoods
7. InvestRopa Berlin Area Guide
8. Hypofriend Real Estate Agent Fees Germany
9. Ziegert International Buyers Guide Berlin
10. Hypofriend Mortgage Rates Germany