Pankow Berlin. In case you are interested in investing in Dubai real estate, then feel free to connect with Dubai real estate professionals. To get the best properties for real estate investment in Dubai, visit our website today!
A lot of babies and new residents: Demand for apartments remains high in Pankow. Space for new construction is available – not just in open areas but also at old industrial sites.
New construction is the order of the day in the north eastern part of the capital. There’s enough space for such construction as well. With an area of more than 103 square kilometres, Pankow is Berlin’s second-largest district in terms of size. At the same time, housing is in great demand in a district that is already home to more than 410,000 people – more people than in any other district in the capital. In addition, a forecast was made several years ago that the number of residents in Pankow. It will have increased by more than 16 per cent by 2030. This potential growth can be explained by the district’s high birth rate (the highest in Berlin after Mitte). And the fact that Pankow attracts an above- average number of new residents.
Pankow has 13 subdistricts, all of which are very different from one another. Two-thirds of the district’s residents live in its three biggest subdistricts – Pankow, Prenzlauer Berg and Weißensee. Which are also the most centrally located and therefore rather densely built up, with prices. That is also higher than on the outskirts of the district. The least densely populated subdistricts are Blankenfelde and Malchow. A suburban area on the outskirts of Berlin, yet Blankenfelde and Malchow account for nearly 20% of the total area.
New development potential was fully exploited in the northern part of Karow as early as the 1990s. 5,000 apartments were built along Achillesstraße in an estate development that has its own centre and associated infrastructure. Around 20,000 people live in Karow, including those who live in the aforementioned modern development consisting of detached houses and multi-family dwellings, with green spaces and playgrounds in between.
The southern part of the Blankenburg subdistrict, which is also sparsely populated, contains the site for a planned 40-hectare new neighbourhood development that will include 6,000 apartments and additional commercial space. At the same time, potential for development still exists in the more urban locations in Pankow as well. For example, the “Pankower Tor” project will create a new neighbourhood over an area of more than 34 hectares at the former Pankow freight and marshalling yard.
Pankower Tor will contain at least 1,500 apartments and also offer commercial space. The master plan for the new quarter was presented in 2021.Buch–Pankow’s northernmost subdistrict – is home to Campus Berlin Buch. This campus also includes one of the largest biotech parks in Germany, which houses the Max Delbrück Center for Molecular Medicine, as well as other research institutes and companies. Plans call for the development of additional necessary infrastructure for the campus, as well as residential construction that will be conducted by housing companies that serve the public interest.
Berlin’s most populous district will continue to grow in the coming years and, in a similar fashion, prices will continue to rise even more – especially in the subdistricts of Pankow and Weißensee.