Berlin’s real estate market is booming. Prices for condominiums and houses have been rising for years and there seems to be no end in sight. Charlottenburg is at the forefront of this trend, as the district has developed considerably in recent years. But what does the current situation on the real estate market mean for owners who want to sell their apartment or house?
We analyze the current prices per square meter in the Savignyplatz area and identify the factors that have a positive impact on sales.
Selling real estate around Savignyplatz - current real estate situation
Charlottenburg was once the symbol of exciting city life. Kurfürstendamm, KaDeWe and an exciting nightlife made the district in the west of Berlin’s city center a place where everyone wanted to be seen. During the war and post-war period, a gray veil fell over the Kiez, but for several decades now there has been a clear upward trend.
In the last ten years, prices for new builds have risen by as much as 175 percent. The rise in prices for older apartments and houses has also been considerable at 122 percent. But what factors determine how well you can sell your property? And what price can you expect for your condominium on Savignyplatz in Berlin?
The price trend for real estate around Savignyplatz
There is no reliable data available that focuses specifically on the residential area around Savignyplatz. For this reason, this article uses data for Savignyplatz 11 in Berlin. It is representative of the price information for the entire neighborhood.
For several years now, prices for properties on Savignyplatz have been well above the usual sales prices for Berlin as a whole. Even though there was a small slump at the beginning of 2023 due to the unfavorable loan situation, prices are now back at the level at which they started last year. Experts assume that the real estate market in Berlin will remain stable. The high real estate prices are based on a first-class foundation, as the German capital has made a name for itself internationally as a metropolis. Investors from all over the world are drawn to Berlin. They are looking for suitable investment properties and are prepared to pay handsome prices.
Both professional investors and private buyers know that the location around Savignyplatz is privileged. It is centrally located, offers a huge range of leisure activities, shopping facilities, schools, doctors and beautiful architecture. People who live on Savignyplatz go out with friends to one of the trendy restaurants in the evening, go on extensive shopping trips to KaDeWe and take the children to the zoo at the weekend.
The infrastructure should not be underestimated either. You can reach your destination in no time at all by underground or suburban train, bus, private vehicle or bicycle. Many Berliners work right in the center of the capital and are happy about the short distances to work. Others have to leave the big city and appreciate the good connections to highways and country roads.
What prices can the sale of a condominium around Savignyplatz in Berlin achieve?
Sales prices for properties on Savignyplatz are developing in line with prices on the Berlin real estate market as a whole. In the first quarter of 2020, a sales price of around €3,400/m2 could be expected in Berlin. At Savignyplatz, on the other hand, prices were around €5,300/m2 and therefore €1,900/m2 higher. A continuous increase was recorded until 2022. In the fourth quarter of 2023, prices in Berlin as a whole were around € 4,170/m2, while prices around Savignyplatz had risen to € 6,500/m2.
Overall, stagnation was observed in 2023 compared to previous years. According to experts, the current stagnation does not indicate a slump in the real estate market. Rather, it is a period that investors are approaching with caution due to high interest rates. If you want to sell your apartment on Savignyplatz in Berlin at this time for personal reasons, then you will make a profitable deal with the right strategy. However, there is nothing to stop you from waiting for the next rise and making an even higher profit on the sale of your property.
Valuation of properties around Savignyplatz: the most important criteria
Savignyplatz and the residential district that surrounds it are a very well-located area in Berlin. Located right in the center of the city, residents of the neighborhood have the best shopping opportunities right on their doorstep. Bus stops and train stations are just a few minutes away, allowing you to reach your destination via local or long-distance transport. If you want, you can easily cycle to work and in the evening you can go out with family or friends to one of the trendy restaurants just around the corner.
However, there are factors that additionally increase the value of a property and should therefore be the focus of the sales transaction. A professional strategy determines how well a condominium on Savignyplatz in Berlin sells.
Old buildings with decorative stucco façades are very popular
Even though Berlin was at the center of the action during the Second World War, numerous buildings were saved. The stucco façades of Berlin’s old buildings hint at the luxury in which people lived in Charlottenburg at the beginning of the 20th century. Savignyplatz is still a landmark of Berlin culture today. Even today, people stroll from Savignyplatz to KaDeWe at the weekend, look at expensive brand-name products in the shop windows and chat with their friends.
The old buildings around Savignyplatz are sold within a very short space of time. Investors and private buyers know that the stucco facades conceal spacious apartments with wooden floors, high walls and ornate ceilings. The demand is huge, because finding such a gem is the dream of every real estate enthusiast.
If you want to sell your old apartment in the neighborhood around Savignyplatz, you can expect a large number of potential buyers. What sounds very positive at first can quickly turn out to be a challenge. We therefore recommend that you get in touch with your trusted real estate agent.
New-build projects impress with their luxurious interiors
The residential area around Savignyplatz is also constantly being reinvented. It is by no means a district that stands still. The new-build projects blend perfectly into the cityscape and first-class materials are used for the interiors. In addition to high-quality fittings and expensive tiles, these apartments feature underfloor heating, high ceilings and excellent room layouts.
The projects are well thought out and impress with the quality of their building fabric and design. It is no wonder that new-build apartments in the neighborhood around Savignyplatz can be sold within a very short time. The high-quality fixtures and fittings are a plus point that is worth a lot on the real estate market.
Savignyplatz - a privileged location
There are numerous restaurants, bars, cafés and stores around Savignyplatz. Full of life and at the same time a quiet residential area, this is probably the best way to describe Savignyplatz. The residents of the neighborhood are well aware of their privilege. They are happy to live so centrally in one of Berlin’s most sought-after districts.
The location of a property determines its selling price. With the condominiums at Savignyplatz in Charlottenburg, all the details are coordinated. Luxurious living in a privileged location right in the center of the metropolis. If you are looking for a suitable property in this residential area, you know that you have to strike immediately if you see a good offer. This is an advantage for you as a seller, because the list of potential buyers is long. With the professional help of an estate agent, you will be able to select the right buyer and ensure that the sales process runs smoothly.
The outstanding infrastructure increases the price of real estate around Savignyplatz
Berlin is a big city that has to contend with the usual logistical problems. But if you live at Savignyplatz, all options are open to you. Whether by private vehicle, bicycle or public transport – you can reach your destination in no time at all. The residents of the neighborhood really appreciate this feature. Their children go to school in the surrounding educational institutions, and at the weekend there are various activities to switch off and relax.
If you are looking for a nice apartment in the center of Berlin, you will find it at Savignyplatz. And the excellent infrastructure will be a big plus for your condominium. You should definitely address this topic during sales talks. Potential buyers can save a lot of time every day thanks to the good transport links.
Conclusion: Selling apartments around Savignyplatz - is it worth it?
The Berlin real estate market is extremely stable. Even though prices have risen significantly in recent years, no speculative bubble has formed. Real estate prices are based on various criteria that make the Berlin market interesting for private buyers and investors alike.
Charlottenburg is one of the most popular districts in the west of Berlin’s city center. Savignyplatz is characterized by its excellent building fabric, its privileged location and its outstanding infrastructure. Anyone wishing to sell their condominium around Savignyplatz at the present time can expect good to very good profits.
Nevertheless, it cannot be concealed that the real estate market is tense throughout Germany. This is due to the political situation in Eastern Europe and the high interest rates on loans. Anyone who can sell their property without time pressure may therefore be waiting for an even better time in the near future.
In a personal meeting, we can advise you individually, give you sales tips and assess the merits of your property.
