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Showing posts with label housing market. Show all posts
Showing posts with label housing market. Show all posts

Saturday, 15 February 2020

Is Steglitz-Zehlendorf getting their first "Milieuschutzgebiet"

The Berlin Senat and not the local administration has instructed an investigation into rent levels and tenant squeeze out in the districts residential areas. The result was quite surprising.

Bierpinsel, Berlin-Steglitz


The residential area around Schlossstrasse is ranking first place in the district displacement hit-list. In the area between Steglitzer Kreisel, "Bierpinsel" and Paulsenstrasse, the experts attest above-average rising rents, rising purchase prices and an above-average increase in conversions from rented to condominiums.
Both the location, the high proportion of old buildings and the fact that so far only 12.9 percent of the residents have owned their apartment there, threaten to change the structure of this neighbourhood. The previously socially mixed residential area could be a place of residence, especially for high-income couples and families.



Schloßstrasse Berlin-Steglitz

The situation in the planning districts Markelstrasse, Feuerbachstrasse and Mittelstrasse looks similar.

A heated discussion within the local district office which has a different political leaning to the Senat,
has started. A vote to establish a protected area will already provide the protection for the tenants. The implications for property owners are summarized here:
https://germanproperties.blogspot.com/2018/03/the-can-do-and-cant-do-renovating.html

Saturday, 21 July 2018

Spandau Joins the Berlin Districts with "Milieuschutz" Areas

The Spandau District Assembly has voted to have a rough screening performed to identify areas where looming rent increases are likely to push out existing tenants, gentrification.

According to the IVD Berlin-Brandenburg Spandau was the district with the highest rent increases lately. The average rent for "simple" neighborhoods is at 7.75 €/m²/month while Spandau remained one of the last three districts without "Milieuschutz".

The rough screening will start in September.

Zitadelle Spandau
Von Benutzer:sec11 - Fotografiert am 16.04.04, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=23985521
Amongst the areas already seen as strong candidates to be included in the protection of "Milieuschutz" are Spandauer Neustadt and Wilhelmstadt to the north and south of the center Altstadt. Another area already discussed is the development "An der Kappe" with ca. 1,100 apartments.

Spandau City Hall
Von A.Savin (Wikimedia Commons · WikiPhotoSpace) - Eigenes Werk, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=22550225
We will keep our readers updated on the developments.

More information about the impact of the "Milieuschutz" on the property owners in the area youu can find here:

The Can Do and Can't Do Renovating Apartments in Certain Areas of Berlin

Sunday, 8 July 2018

Neukölln – the chili pepper in Berlin’s melting pot, by Handelsblatt Global

Thursday, 7 September 2017

The Property Location of Berlin Rudow and Current Market Data



General location

Rudow is one of Brandenburg's oldest settlements. The city quarter is located in the extreme southeast of Berlin's Neukölln district which was also the border to East-Berlin and the East German “Bezirk Potsdam” area. In the north, it borders the districts of Buckow and Britz, in the east the Berlin borough of Treptow, in the south the Brandenburg district of Schönefeld, and in the west, the Brandenburg district of Großziethen.

About Rudow

Center of the former village is to this day the village church from the 13th century. Urban Rudow is very similar to the north Buckow: a lot of green, single and multi-family houses, some residential blocks. There are even a few farms. In the industrial area between Kanalstraße and Teltowkanal, several large industrial branches have also settled.
By means of the subway line U7 (stations: Wutzkyallee, Zwickauer Damm, Rudow) and several bus lines, Rudow is well connected to the Berlin transport network.

Impressions of Rudow

Rudow is the largest residential building project. Since 1994 around 1,200 new apartments, terraced and double houses have been built. A popular excursion destination is the 70-meter high Rudower Höhe on the Glashütter Weg, made of rubble from bombed houses after WW II, with a large toboggan run. From the old village core to the town boundary on the Kleinziethener Weg, the restored Rudower brook flows.

The new development "Rudower Felder" is framed by parking facilities. In the north, a regional green area is defined as a distance zone to the existing building development. In the south, a supra - regional greenway is to connect to Brandenburg. The actual settlement structure is structured by a main road running east to west, which crosses the diagonally guided subway in a central square. The residential blocks stretch north-south between the main road and the respective green line in the north or south.

Anyone who lives in Rudow enjoys the contrast between the cityscape and rural idyll, and finally the transition to the fields of Brandenburg. It would be exaggerated to use the attribute village character when it comes to Rudow, it gives rather a small town impression.

As a historical anecdote: Rudow was also the location where the CIA started "Operation Gold" in 1954 tapping a telecomunications cable of the Red Army from Berlin to their headquarters in Wünsdorf outside Berlin. Read more here if you want to know the outcome: Operation Gold 
 Rudow is part of the Berlin borough of Neukölln.
 
Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE

It is mainly made up by the postcode 12355 at rent level tier 6 of 8:  


Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE
Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE
We currently are offering an investment property in the 12355 post code area. This area will strongly benefit from the eventual opening of the new Berlin Airport BER without being affected by its flight paths. The location is to the north of the airport while the flightpaths are in east-west orientation. Please contact us for more detailed information using http://www.berlin-portfolio.com/InvestmentRequest.html



To download the full Housing Market Report Berlin 2017 please leave your email, you will receive it immediately.

Wednesday, 6 September 2017

Berlin Lichterfelde and Its Property Outlook 2018

Like many boroughs around the centre of Berlin, Lichterfelde only became part of "Greater Berlin" in 1920 to join the district of Steglitz which recently was joined with the district of Zehlendorf to form the new borough of Steglitz-Zehlendorf.

But even Lichterfelde was made up of smaller parts from Dahlem, the home of Berlin's Free University, to Lichterfelde West with Villas and the Klinikum Benjamin Franklin, the Berlin Botanical Garden and the former US Allied McNair Barracks, and to Lichterfelde Ost with more simple residential areas.
All these areas have kept their individuality with distinct local centres for schools, doctors, shopping and services which provide a focal point for identification with the immediate environment, called "Kiez" in German.
Von Alexrk2 - own work, using OpenStreetMap data, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=21950816
 Looking at the housing market for the area it reflects the diversity of its history. It covers many of the various rent levels with Lichterfelde's corner of Dahlem and Lichterfelde-West being in the second tier and the rest in tiers four and five out of eight.

Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE
The rent levels are shown in this table of Housing Market Data provided in the Housing Market Report 2017.
Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE

We currently are offering an investment property in the 12209 post code area. This area will strongly benefit from the eventual opening of the new Berlin Airport BER without being affected by its flight paths. The location is to the north of the airport while the flightpaths are in east-west orientation. Please contact us for more detailed information using http://www.berlin-portfolio.com/InvestmentRequest.html



To download the full Housing Market Report Berlin 2017 please leave your email, you will receive it immediately.

Thursday, 2 February 2017

Berlin Mitte in the Housing Market Report Berlin 2017



The borough or district of “Mitte“ in its current form was shaped by the administrative reform of 2001. It is made up by three former independent districts. “Mitte” which is the historic origin of Berlin, government and cultural centre and part of former East Berlin, Wedding and Tiergarten which were previously part of West Berlin. Especially Berliners will still make this differentiation, especially when looking for a new home. Just comparing the average rents, the old boundaries are still visible but so is the push of higher rents from the centre out (on the right in the map below).

Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE
Mitte has the areas with the highest rents in the city. The basic rent or net rent (excluding utilities and heating) in the top market segment is in the postcode area 10117 around Friedrichstrasse at 20.87 €/m²/month and the highest average rent in the top market segment in the 10178 postcode area at 13.80 €/m²/month.


At the same time the postcode area 10117 around “Unter den Linden” has relatively low rents at 6.02 €/m²/month in the bottom market segment which ranks only at No.119 looking at the entire city.

The table below shows the full coverage of the district. It also provides detailed information of the income structure (purchasing power) of the households in relation to the average housing cost in the area including ancillary costs (heating and utilities etc.) paid to the landlord. Directly paid cost like electricity, telephone etc. are not included.

Source: Housing Market Report Berlin 2017 with Housing Cost Atlas, BerlinHyp + CBRE


To download the full Housing Market Report Berlin 2017 please leave your email, you will receive it immediately.

Friday, 12 February 2016

A Temperature Map of Berlin Property Prices by Postcode

The weekly business magazine Wirtschaftswoche has published a map taking the price "temperature" of differen areas in Berlin. Their article in German highlights where they think it is stil worth while investing.
http://www.wiwo.de/finanzen/immobilien/immobilien-wo-der-kauf-noch-lohnt/12949368.html#
 and at this link they offer interactive maps
http://www.wiwo.de/my/finanzen/immobilien/kaufpreise-und-mieten-alle-wohnlagen-von-berlin-hamburg-muenchen-und-co-im-interaktiven-vergleich/12914428.html

It is part of their premium subscription but a free trial is available.





A Temperature Map of Berlin Property Prices by Postcode

For support in property search and assessment in the Berlin Property Market please contact us directly: Contact form

Tuesday, 3 March 2015

Average asking price for Apartment Buildings in Berlin increased by 11.7 per cent in 2014

For the first time the average offering price exceeded 2,000 Euro per sqm for apartment buildings in Charlottenburg-Wilmersdorf and Steglitz-Zehlendorf.

These were the findings of the Housing Market Report 2015.

Asking Prices for Apartment Buildings in Berlin
Click the table for a bigger view

The city wide increase was 11.7 per cent year-on-year. In some locations the asking prices detached themselves from the development of the rent.This is historically an unsusual development and indicates the catch-up process Berlin is undergoing in comparison to other European capitals.

Analysts are coming up with various explanations: Low interest rates, population growth combined with a lack of sufficient new building activities, lack of low risk investment alternatives.

Detailed information is available in ther Housing Market Report Berlin 2015 which is available for download on our website: www.falkenberg-solutions.com.