Introduction to the Berlin rental market
Berlin, the vibrant capital of Germany, is known for its lively culture, history and unique lifestyle. In recent years, Berlin has become a hotspot for property investment, which has led to a significant change in rental prices. Currently, the average price per square metre for rental flats is €18.25/m². This development has influenced both locals and immigrants looking to rent a flat in Berlin. In this article, we take a look at the current rental prices in Berlin and analyse what this means for tenants and investors.
Current trends in rental prices in Berlin
Berlin has a variety of residential areas, ranging from historic old neighbourhoods to modern new-build complexes. Rents vary greatly depending on the location, facilities and size of the flat. On average, however, rents in Berlin are lower than in other European capitals.
A popular option for individuals and small families is the "2-room flat" in Berlin. These flats offer sufficient space and comfort and can be found in many neighbourhoods. Rents for such flats have increased in recent years, but remain affordable for many.
Prices per square metre are particularly high in districts such as Mitte, Friedrichshain, Prenzlauer-Berg and Moabit, averaging over €20/m².Neighbourhoods such as Kreuzberg, Schöneberg and Charlottenburg are cheaper, with an average price per square metre of between €18 and €20.If you are looking for a price per square metre below €18, you are in good hands in districts such as Wedding, Neukölln, Treptow or Spandau. Overall, most flats are available in the districts of Mitte, Friedrichshain, Prenzlauer-Berg, Charlottenburg and Neukölln.So if you are looking there, you will find what you are looking for more quickly.
Renting a flat in Berlin: factors that influence rental prices in Berlin
Various factors influence rental prices in Berlin. These include the city's economic development, the demand for housing and the political framework conditions. The growing population and Berlin's popularity as a place to live are driving up demand and therefore prices.
In addition, political decisions such as the rent cap have had a temporary influence on the market. Although this was later declared unconstitutional, it has contributed to a temporary stabilisation of rents.
Overall, however, there are also general factors such as the number of rooms that have an influence on the price per square metre. If you are only looking for a 1-room flat, you have to be prepared to pay an average of €2/m² - €3/m² more per square metre. Even for a 2-room flat, you still pay a slight premium. This is due to the high demand for such flats. From three rooms upwards, there is no longer any influence on the average price per square metre.
The challenges and opportunities of the housing market in Berlin
With rents rising, many Berliners are facing challenges in finding affordable housing. This is particularly true for students, low-income earners and new Berliners. Nevertheless, the Berlin housing market also offers opportunities. The continuing demand for housing makes investing in property attractive. The city also promotes the construction of social housing and is committed to a diversified residential landscape.
Tips for finding accommodation in Berlin
When looking for a flat in Berlin, it is important to be well informed and prepared. Online platforms offer a wide range of offers and it is worth researching regularly. Networking can also be helpful, as many flats are found through personal recommendations. It is advisable to have all the necessary documents ready and to react quickly when an opportunity arises.
Future forecast for rents in Berlin
Experts predict that rents in Berlin will continue to rise, albeit at a more moderate pace than in previous years. The city administration is working on measures to make the housing market more accessible and fairer. In the long term, this could lead to a stabilisation of rents.
What influence does the degree of energy efficiency have on the price per square metre in Berlin?
Overall, it can be said that you pay a very high premium for a flat with a high efficiency standard in Berlin. Buildings with energy efficiency class A+ cost an average of €22.50/m² in Berlin. However, this is also due to the fact that these are mostly new buildings with modern fixtures and fittings.
On average, you pay significantly less for flats with a lower energy efficiency rating. On average, you only pay €18/m² for an A rating and just €12.50/m² for a C rating. It is therefore generally not worthwhile for tenants to look for a flat with a high energy efficiency rating, as the savings in energy costs are generally offset by the rent.