Increasing rents and shortage of residential space are noticeable on Berlin’s real estate market. However, the rent prices per square meter have increased slower since 2013 than in previous years. Among Germany’s largest cities, Berlin has by far the lowest rent prices and the largest real estate portfolio in proportion to the demand.
Urban variety, vibrant scene districts, busy strip malls or placid village idyll – every borough has its own charm with a characteristic living atmosphere. Berlin’s boroughs have all sorts of residential areas, ranging from lavish quarters with old buildings to extensive single-family home districts to refurbished prefabricated buildings.