Anyone observing the Berlin real estate market will quickly notice that prices for condominiums are rising continuously. This was due to low interest rates over a long period of time. However, even now that interest rates on loans have risen significantly, there has been no slump in real estate prices in Berlin. It is also interesting to note that many people are now opting to buy a condominium as an investment. You can read the reasons for this in our magazine article.
Why are real estate prices rising in Berlin?
The German capital is a very popular destination for several reasons. Berlin has developed into a global metropolis in recent years. The people who decide to buy a condominium have long since ceased to come only from the national sphere. International investors have become aware of Berlin and are trying to buy first-class real estate. The high demand is driving prices up. Although new construction projects are being planned and built, the resulting living space is nowhere near enough to meet demand. As a result of these two factors, prices per square meter for condominiums are rising significantly.
But even at high prices, investing in Berlin real estate is very interesting, as no collapse in value is to be expected. You can read our top 6 reasons for buying a condominium in Berlin here.
How do the square meter prices for real estate in Berlin affect the purchase of a condominium?
There are generally people who are interested in a condominium or a house in Berlin, but who shy away from the current prices at first glance. Certainly, a property in Berlin is no bargain, but price and performance should always be put into perspective. On closer inspection, it becomes clear that the real estate market in the German capital is booming despite the current rise in interest rates. Even though prices per square meter for properties in Berlin are higher than in other German cities, the housing market is stable. The properties can compensate for the high investment with their unbeatable value. For this reason, many people continue to decide to buy a condominium in Berlin. You can find out what to look out for when buying a property in our magazine article on this topic.
How will real estate prices develop in Berlin?
Experts monitor every change in the real estate market. Property prices per square meter in Berlin are naturally not spared from the analyses. Forecasts are constantly being drawn up to provide investors and potential buyers of condominiums with reference points. After all, the decision to buy an expensive property cannot be taken lightly. In our magazine, you can find out how the real estate market in Berlin is developing, what forecasts can be made and what the current prices per square meter are for different types of property in the German capital.
