In 2024, real estate prices in Berlin are indeed undergoing a correction due to economic recession and rising interest rates. The average price for housing is between 5,000 and 6,000 euros per square meter, with expectations of further declines. Analysts forecast a drop of 10-30% in the coming years, depending on the district and type of property. In prestigious areas such as Mitte and Charlottenburg, the price of a 70–80 square meter apartment can reach 500,000–700,000 euros, while in more remote areas like Köpenick, a similar apartment costs around 300,000–400,000 euros.
The difficulty in accessing loans also affects the rental market: higher mortgage rates keep many renters from buying, which drives demand and raises rental rates. This makes the current conditions more favorable for rental investors.
