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Berlin real estate prices 2025: stagnation or upswing in sight?
Discover the current developments on the Berlin real estate market: prices, trends and forecasts for 2025.
Berlin real estate prices 2025: stagnation or upswing in sight?
How is the real estate market in Berlin? In 2022, the average purchase price for a condominium was an astonishing 5,251 euros per square meter, although prices fell by 1% compared to the previous year, as rbb24 reported. The prices for semi-detached houses also remained anything but cheap, with an average price of 3,583 euros per square meter. The record amount for a condominium was paid in Charlottenburg in 2022: around 8.3 million euros, and a square meter rate of an incredible 22,000 euros changed hands.
In 2023, the market was relatively stable, with no significant price increases. The general conditions remained challenging: high loan interest rates and construction costs are causing uncertainty in Berlin's real estate sector, which was also reflected in a 65% decline in the conversion of rental properties into condominiums. Of the 1,552 residential units converted, most are in Weißensee and Prenzlauer Berg, where 253 and 157 units are affected respectively.
Small differences, big impact
There are also differences in the prices for houses and condominiums, which average 4,500 euros per square meter. Condominiums remain highly popular, with a small price increase of around 0.2% forecast for 2025 homeday.de determines.