Housing Market Report 2016 now available, just click this text
Further increase in demand drives up rents and prices in peripheral locations
- Asking rents for apartments increase in 2014 by 6.6 per cent to € 8.55 per square metre
- Demand pressure shifts from established prime locations to inner-city peripheries and the peripheral residential areas
- No price bubble anticipated, but inflated prices in individual locations evident
- Lively financing market with controllable risks for banks - New build volume increasing, but insufficient to satisfy demand.
The peripheral locations on the Berlin housing market are becoming increasingly attractive. Following the particular concentration of rent increases in popular inner-city areas in recent years, pressure of demand is increasingly shifting to inner-city peripheries, areas outside the centre with good transport connections and to modest city outskirts. This is one conclusion of the latest Housing Market Report Berlin, jointly published for the first time this year by Berlin Hyp AG and CBRE GmbH, which presents current developments and background information on the Berlin housing market. It is based on the evaluation of more than 100,000 recorded offers for rental apartments and condominiums as well as apartment buildings in the first three quarters of 2014. All rental apartments have been assigned to the 190 Berlin postcodes, enabling small-scale analyses and trend observations of micro-locations.
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Housing Market Report Berlin 2015
