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The 5 most popular neighborhoods to buy property in Berlin
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The 5 most popular neighborhoods to buy property in Berlin
Berlin always was and will be one of the most attractive places in Europe for abroad investment. A lot of people invest money in new construction properties in Berlin, its popular neighborhoods and private houses. So how to choose the best area of the city, to invest for?
I will share with you some tips and hope it will help you to do the right decision.
Charlottenburg – Wilmersdorf
Popular Neighborhoods in Berlin
Charlottenburg is considered one of the most expensive and fashionable areas of the city. Here are the Berlin Stock Exchange, business center Neues Kranzler Eck, offices of large companies, retail outlets. The central street of the district is the lively and famous Kurfürstendamm boulevard with buildings of the Kaiser era. Although the apartments in the center of most German cities are small, Berlin, its popular neighborhoods and the Charlottenburg district in particular are exceptions in this regard. The average size of apartments on the boulevard is 101 m², which, together with the high price per square meter, affects the total cost of apartments.
Charlottenburg occupies about 10% of the total area of Berlin. The contingent of the population is mainly people from 40 to 65 years. Foreigners here are less than 18%, the unemployment rate is 13.2%, which is the lowest in the city. Demand for housing in the high price segment and popular neighborhoods outstrips supply.
Grunewald: the pride of the district
The most prestigious district of the district is Grunewald. It received this name due to the forest, which, together with the lakes, occupies most of the territory.
Luxurious villas are present on the banks of the Havel River, as well as the local Wannsee and Nicholassee lakes. Wealthy Germans live here, who prefer peace and quiet, clean air and amazing landscapes. The infrastructure of the area is quite developed: there are places for recreation, shopping centers and social institutions. Real estate purchase and rental prices are among the highest in Berlin.
Reinickendorf
Berlin's Popular Neighborhoods
Tegel: the famous airport of the same name and a beautiful lake
Tegel is located in the northern part of Berlin. This area is famous for a beautiful lake, a palace, in addition to a large airport of the same name. The former port in the industrial area has become the cultural center “Tegel Port”. The popularity of the area in the near future may grow due to the closure of Berlin-Tegel airport. A large aviation corridor located in Tegel made the place not the most attractive place to live, but interesting for businessmen and business people.
Near the lake, as well as on the small island of Humboldt, several residential complexes are under-construction. The cost of housing in Tegel tends to increase.
Pankow: a respectable and quiet life
Pankow is a fairly densely populated area. The population is comparable with the number of inhabitants in the German cities of Wuppertal or Bielefeld (about 360 thousand). In addition to ethnic Germans, only a small number of Russians are available in Pankow. Moreover, other immigrants practically do not move here. During the GDR, the seat of government was located here.Pankov attracts real estate buyers with its many green spaces, silence and prestige.
There are spacious squares, parks, and recreation areas near residential areas. The infrastructure includes all the necessary shopping, social and entertainment facilities, transport links at a high level.
The cost of real estate in Pankow is lower than in the areas of Mitte and Prenzlauer Berg, but still high. Near Lake Wilhelmsruher (Wilhelmsruher See), the quietest part of the area, 26 new apartments were built.
Real estate here focuses mainly on the elderly. Prices for secondary housing in reconstructed buildings are slightly lower.
Mitte district: the new heart of the capital
Popular Neighborhoods in germany
After the reunification of the two parts of the city, the central district of Mitte is developing dynamically. In addition to residential buildings, the headquarters of many international and national companies, as well as the Bundestag and the Bundesrat, embassies and the federal government are located here. In addition, the Mitte district is the cultural center of Berlin: within walking distance are Alexanderplatz and Postdamer Platz, Hack courtyards, the famous Unter den Linden street.
The quarter around Friedrichstrasse is famous as the prestigious business center of the capital. The infrastructure of the area is highly developed: cafes, shopping centers, educational and medical institutions, sports clubs, swimming pools, etc. New residential complexes with a high level of comfort and service are in great demand. Apartments in the secondary housing stock are quite expensive.