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Berlin Neighborhoods

Posted by admin on 13/06/2014
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The Guide to Berlin’s neighborhoods

Naturally, the location of the property is one of the criteria that have an influence on the final price. Location means a certain street, a neighborhood, proximity to institutions, to public transportation or the city center. Depending on the location the price will vary and its future added value will be predictable, accordingly. Also in Berlin, as anywhere in the world, the location is crucial to the final price of the property and naturally affects the investor’s annual yield. However, the criteria for location in Berlin is different from the Israeli market. Berlin is an extremely large city with historical and cultural characteristics; it has a diverse population among them immigrants. Precisely for this reason, the difference in price for two apartments located in the same street may be hundreds of thousands euros apart. Not to mention the city areas themselves, where price differences are very significant. Before you start looking for investment property in Berlin, it is important to understand the nature of the city and get familiar with its neighborhoods. In general, Berlin consists of large neighborhoods like Berlin Mitte, Charlottenburg, Pankau and Tempelhof, which again split up in smaller neighborhoods and districts. Currently there are about 10,000 properties in Berlin on the market: 59% are private properties and 49% are for rent. The city’s population consists of 5% couples without children, 53% singles and 21% families with children. The most expensive apartments, apart from apartments in new luxury projects, can be found in buildings built between 1940 to 1960. In 2010/11 the average price per sqm in Berlin was EUR 1,400. EUR 1200.- in less popular areas and EUR 1600.- in great demand areas. (according to the German association of real estate brokers). The current prices for rent are about EUR 6.9 per sqm, which is 6% higher compared to last year.
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Friedrichshain

Friedrichshain berlin investors guide This district hosts a few of the most well-known and attractive residential areas of the city. The ´Samariter quarter´, for example, with its period buildings and attractive sometimes quaint shops, is a very much sought after living area for students and more over for young families, who enjoy the good social

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Lichtenberg

Lichtenberg berlin investors guide The district of Lichtenberg has a history which dates back to 1230 – the original village is now Alt-Lichtenberg. The area has borders with both Prenzlauer Berg and Friedrichshain which is why this area has such potential for the property investor! Property prices in both neighboring districts have soared in recent

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Mitte

Mitte berlin – investors guide Anyone who knows Berlin and remembers the Mitte district doesn’t think about a typical city centre. More likely they remember the cosmopolitan mix of the resident Berliners and their passion for fun. Mitte is not your typical city centre and doesn’t compare with other major cities. Looking at Mitte you

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Neukolln

Neukolln berlin investors guide Neukolln, one of the most populated areas of Berlin, actually started life as an independent city (Rixdorf) until it was incorporated into Berlin in 1920. Yet this hugely diverse and cosmopolitan area still offers the investor great value for money as historically the area was considered somewhat working class! The area has

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Pankow

Pankow berlin investors guide This large district within Berlin reaches from the city center near Alexander Platz to the north-east border of Berlin with Brandenburg.Up until recently Pankow was simply ‘not on the radar’ of property investors. However, over the last few years following a significant number of renovation projects Pankow is now attracting a

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Schoneberg

Schoneberg Schoeneberg is a distinct area within the district of Tempelhof – Schöneberg and occupies a central location within the city of Berlin. The prime residential area is located to the south of the city center next to Wilmersdorf and Charlottenburg. To the south of Schoeneberg lies Steglitz and Zehlendorf. Schoeneberg is at the heart

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Spandau

Spandau The Spandau district of Berlin is situated to the west of central Berlin at a location where two major rivers meet – the Havel and the Spree. Due to this the lakes, rivers and forests are a major feature in this attractive area. Waterfront walks, yacht and rowing clubs are very much in evidence.

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Tempelhof

Tempelhof Tempelhof which lies to the south of central Berlin has a crucial place in the history of Berlin. Property in the district is a mix of apartment houses and detached dwellings within a mature residential area complete with parks and lakes. Transport connections are comprehensive with a major auto route (B96) or rail services

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Wedding

Wedding Historically one of Berlin’s districts with a dubious reputation, lots of vacant buildings and unattractive grey tenements – the quarters of the poor? Today Wedding is an area within Mitte which includes the Government district, the zoo and the Alexanderplatz – in fact most of Berlin’s tourist attractions! Wedding is undergoing a major transition

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Prenzlauer Berg

Prenzlauer Berg berlin investors guide Prenzlauer Berg is part of the famous trio of the coolest and most attractive areas of Berlin, consisting of Kreuzberg, Friedrichshain and of course ´Prenzlberg´. Until the early 1990´s, though, this former working class district was, with its characteristic tenements, often still with outhouse, leaden water and broken gas lines

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