Helmholtzkiez is located in the middle of the hip Berlin district of Prenzlauer Berg. The district is considered a hidden gem and extends around Helmholtzplatz. To the north, the neighborhood is bordered by Stargarder Straße, to the south it meets Danziger Straße (Bundesstraße 96a). To the east, the Helmholtzkiez extends as far as Prenzlauer Allee, and to the west as far as Schönhauser Allee (also Bundesstraße 96a). A social study revealed that the average age of the residents of Helmholtzkiez has fallen significantly in recent years. Since most of the old apartments have been completely renovated, prices have risen. Wealthy couples and young families in particular have been drawn to the popular neighborhood around Helmholtzplatz.
Over the last two decades, attractive new-build projects have been constructed in the gaps between buildings that date back to the time before German reunification. They blend in perfectly with the style of the surrounding old buildings and some have luxurious interiors.
The Helmholtzkiez is very interesting from a historical perspective. With the administrative reform, Prenzlauer Berg, together with the districts of Weißensee and Pankow, became the district of Pankow in the north-east of the German capital. Today, the neighborhood is known for its organic markets, its extensive gastronomic offerings, the park atmosphere of Helmholtzplatz and its chic apartments.
If you want to sell an apartment or a house in the Helmholtzkiez in Prenzlauer Berg in Berlin, you have a good chance. Read on to find out which value-forming criteria are decisive for the sale of a property. And find out that prices for properties in Helmholtzkiez are continuing to rise due to high demand.
Selling a property in the Helmholtzkiez - an overview of the current situation
The Helmholtzkiez in Prenzlauer Berg in Berlin has been a popular district for people looking for a lively and creative neighborhood for years. In recent years, demand for real estate in the Helmholtzkiez has risen sharply. This demand has had a positive effect on the prices of properties for sale. Selling a property in Helmholtzkiez can therefore be a good way to achieve a high sales price.
It is currently apparent that property prices in the Helmholtzkiez remain at a high level. In particular, apartments in good locations and with attractive fittings are achieving high sales prices.
Competition from other sellers and the availability of properties can have an influence on the selling price. If you want to sell a property in the Helmholtzkiez, you should therefore inform yourself well in advance and make a realistic estimate of the selling price. It can be useful to seek advice from an expert. Professional marketing of your property can also help you achieve a good selling price and find a suitable buyer quickly.
Real estate in the Helmholtzkiez - The price trend
For many years, the Helmholtzkiez in Prenzlauer Berg in Berlin has been a sought-after district for people looking for a lively neighborhood with plenty of culture and leisure opportunities. The popularity of the neighborhood is also reflected in property prices, which have risen steadily in recent years.
An analysis of price trends for properties in the Helmholtzkiez shows that prices have experienced a clear upward trend in recent years.
Currently, prices for properties in the Helmholtzkiez range between €4,521/m2 and €10,855/m2. The price range is very high.
If you look at the price trend for condominiums in recent years, you can see that the price per square meter has risen by 45.4% since the fourth quarter of 2018. If you could still get an average of €3,964/m2 per square meter in 2018, you can now achieve an average of €5,765/m2.
The price of houses in Helmholtzkiez has risen even further since the fourth quarter of 2018. If you sold your home for an average of € 4,355/m2 in 2018, you can now achieve an average of € 6,496/m2. This represents a price increase of 49.1 %.
There are many reasons for the rising prices. The high demand for properties in Helmholtzkiez, which is a result of the popularity of the district, plays an important role. Many people want to live here and are prepared to pay high prices for a property. The good infrastructure and the many leisure opportunities in the area also contribute to the attractiveness of the neighborhood and increase the demand for real estate.
Another factor driving up prices is the limited availability of properties in the Helmholtzkiez. The district is comparatively small and there are only a few new buildings. Many of the properties date back to the Wilhelminian era and are highly sought-after. As a result, property prices in the Helmholtzkiez have risen continuously in recent years.
How will prices develop in the future? Experts assume that property prices in the Helmholtzkiez will continue to rise in the coming years. The high demand and limited availability of properties in the neighborhood will continue to keep prices at a high level. However, it is difficult to predict how much prices will rise and how demand will develop in the future.
What price can be estimated for the sale of a condominium in Helmholtzkiez?
Prices for condominiums have risen significantly in recent years. Most of the apartments are located in beautiful old buildings that date back to the Wilhelminian era. They were spared during the Second World War and extensively renovated after reunification. It is understandable that purchase prices have risen as a result of the renovation work. In addition, Prenzlauer Berg, where the Helmholtzkiez district is located, used to be considered a trendy neighborhood. Berlin’s creative minds, philosophers and people who were critical of the political goals of the time met here.
In recent years, the district has developed into a hip residential area. The streets are extremely well-kept and are home to small stores, nice restaurants and bars in addition to the residential units. This central residential area in the middle of Berlin is highly sought-after, which explains the high prices for real estate. This is an advantage for you as the owner of an apartment in Helmholtzkiez. You can sell your apartment at a very good price and will find the perfect buyer in no time. An average price of €5,765/m2 can be estimated for the sale of a condominium in Helmholtzkiez.
What price can a house in Helmholtzkiez be sold for?
Single-family homes are rare in the Helmholtzkiez. The location is very central in Berlin and is mainly characterized by large Wilhelminian-style residential buildings. If you own one of these gems and would like to sell your home in the popular residential district of Helmholtzkiez, you can achieve a respectable price on the current real estate market. A house in Helmholtzkiez can be sold for an average of €6,496/m2 in 2023. Certain criteria are actually decisive for the price, such as the exact location, the condition of the house and its furnishings.
What net rent can be estimated for an apartment in Helmholtzkiez?
Rents in the Helmholtzkiez around Helmholtzplatz have risen in recent years. In 2020, the average net rent in this neighborhood was still €11.80/m2 and therefore around €2.50 above the average for Berlin as a whole. In the first quarter of 2023, prices were €14.67/m2, which is equivalent to an increase of 3.9% compared to the fourth quarter of 2022. Last year, an increase of over 12% was recorded. The average price for a net rent around Helmholtzplatz is now more than €3/m2 higher than in Berlin as a whole.
If you decide to rent out your property instead of selling it, you will definitely find a suitable tenant quickly in this wonderful location.
Property valuation in the Helmholtzkiez: What criteria are decisive?
We analyze which factors have a major influence on the value of your property. While some of them cannot be influenced directly, you have the opportunity to work directly on other criteria and thereby increase the value of your property in a targeted manner. These aspects are particularly interesting if you want to sell your condominium in Helmholtzkiez, because you naturally want to achieve the highest possible price.
Renovation and refurbishment work enhances the original building fabric
Most of the properties in Helmholtzkiez date back to the Wilhelminian era. They have a solid building fabric that has been exposed to normal environmental conditions over the decades. The buildings in Prenzlauer Berg fell into disrepair in the final years of the GDR. They were renovated very little during this period and fell into disrepair after the Second World War. But that came to an end after reunification. After all, these are buildings steeped in history right in the center of Berlin. At the end of the 1990s, the large residential buildings were modernized and completely renovated. They were given new heating systems, staircases and a modern interior. The beautiful wooden floors, the high ceilings with stucco decorations and the window arches were retained.
Renovation and refurbishment work can have a major impact on the price you achieve for your property on the market. At the same time, however, potential buyers may want to make changes to the property themselves and may not share your taste in interior design. It is also the case, of course, that you are initially making an investment in renovation work. It may well be that you will get back the amount invested when you sell the apartment later, but you will not make a profit.
Basically, it can be said that functional renovations increase the value of your property, while aspects of interior design depend very much on personal taste. A new heating system, perfectly sealed windows and a secure entrance door will increase the value of your property. However, if you want to sell it, you should not necessarily have a new kitchen or bathroom installed. People who can afford a condominium in the highly sought-after Helmholtzkiez want to remodel and renovate the property according to their wishes.
Luxurious furnishings can increase the value of an apartment
You are selling a property that is not only in a luxurious location, but is also equipped to a high standard. One of the most popular, value-enhancing features is energy-saving technology.
In the long term, those items that do not depend on the living situation, age, personal preferences or family size will be successful. This includes, for example, the energy efficiency of a home. In addition, you can achieve an increase in value through the materials used. Instead of thin laminate flooring, opt for high-quality wooden flooring. Many apartments in the Helmholtzkiez still have wooden floors from the Wilhelminian era. However, they should be properly refurbished to restore them to their original splendor. You shouldn’t skimp on the fittings in your condominium either. Don’t go for the cheap models from the DIY store, but instead opt for high-quality fittings, doors or door handles. In this way, you will increase the value of your home and can achieve a higher price when selling. Stay away from high-priced fixtures and fittings, which depend heavily on the buyer’s personal situation or taste.
The Helmholtzkiez is one of the most popular residential areas in Berlin
The German capital is known for the transformation of its real estate market. While many neighborhoods seemed deserted until around 30 years ago and had hardly been renovated after the Second World War, huge investments have been made in recent years. Local and international investors are very interested in Berlin’s real estate market and are prepared to add to the high prices of condominiums in good residential areas. Property prices are not expected to collapse in the coming years, as the building fabric and residential location support the prices demanded.
You can no longer change the location of your property at the time of sale. However, you can decide whether you want to sell now or wait for a further increase in value in the future. The Helmholtzkiez has developed strongly in recent years, but it still has great potential for growth.
What influence does the price trend have on your real estate sale?
One of the value-enhancing criteria when selling a condominium is the price development of the neighborhood. You need to ask yourself what the political climate is like in the location of your property. At the level of Berlin as a whole, demand for condominiums and residential buildings has been high for some time now. This is no different in the Helmholtzkiez. The neighborhood is one of the central residential areas of Prenzlauer Berg and is therefore highly sought after by investors, young families and well-heeled singles. Even in the current relatively uncertain times brought about by the war in Ukraine, the shortage of raw materials and the rise in interest rates, you will have no difficulty in selling your condominium at a handsome price. In a personal meeting, we could advise you in more detail on the most sensible time to sell from a strategic point of view.
Conclusion
Overall, it can be said that the situation for selling properties in the Helmholtzkiez is currently very good. With a realistic asking price and professional marketing, the chances of achieving a good sales price and selling a property quickly are excellent.
The price trend for real estate in the Helmholtzkiez shows a clear upward trend. The high demand and limited availability of properties in the neighborhood are important factors that will keep prices at a high level. Anyone looking to sell a property in the Helmholtzkiez can therefore expect lucrative prices if they make a realistic assessment of the market value.
