Berlin-Lichtenberg: development and life in the district

Lichtenberg has really spruced itself up in recent years and has gone from being an outsider to an absolute top contender, especially in terms of residential attractiveness. This is also evidenced by the permanently increasing influx of new residents. Young families, artists and trendy people are increasingly drawn to the east of the capital. In addition, Berlin's largest Vietnamese community calls Lichtenberg home and completes the cityscape characterized by diversity. Furthermore, the good connections to the city center as well as the increased settlement of companies from various industries ensure increasing popularity, especially among employees. Thus, the international and young population is increasingly proving to be a financially strong buyer class and is contributing to the positive value development.

In the following chapters, we will show you the advantages of Lichtenberg, which we will gladly back up with a few meaningful facts and figures.

Real estate market in Berlin-Lichtenberg

Lichtenberg's real estate is as diverse as its residents: In addition to the typical GDR slab, delightful old buildings exude charm. For some years now, this range has been supplemented by modern new construction projects. While the district had to contend with a large vacancy rate until a few years ago, it is now enjoying increasing popularity. This is due not least to the real estate market. While real estate prices in most districts of Berlin have risen rapidly in recent years, a rather moderate increase can be observed in Lichtenberg so far. Opportunity knocks.

Average rental prices

13

EUR / m²

+50.05%

Average purchase prices

4,383

EUR / m²

+1.81%

Rental offers

102

-77.65%

Purchase offers

161

-10.01%

Lichtenberg: Real Estate Supply and Development

Lichtenberg is an attractive district for investors, especially in the long term. The increasing number of companies settling in the area has led to growing interest in Lichtenberg as a place to live. In recent years, dynamic new construction developments and renovations of old buildings have already been recorded here. Sustained demand suggests that construction development and price increases will remain constant in the coming years.

Offer of properties for rent and sale in Lichtenberg

Rental offers
Purchase offers

How are property prices developing in Lichtenberg?

Like everywhere else in Berlin, property prices have risen in recent years. At present, it can be assumed that this development will continue, which speaks for the high attractiveness of the location.

Purchase price (m²) in Lichtenberg

Existing building

Average purchase prices

4,383

EUR / m²

+1.81%

New builds

Average purchase prices

7,303

EUR / m²

+13.03%

Average purchase price Lichtenberg

New build
Existing building

Current rents and development

Lichtenberg is an example of how increased residential construction can put an end to the perpetual rise in rents. Whether this will continue in the long term remains to be seen. After all, other districts have already demonstrated that floods of prospective tenants are not long in coming when rents are low. Especially when the place of residence has such good connections as Lichtenberg.

Average rental prices in Lichtenberg

Existing building

Average purchase prices

4,383

EUR / m²

+1.81%

New builds

Average purchase prices

7,303

EUR / m²

+13.03%

The population of the district

Lichtenberg has almost 300,000 inhabitants. These are spread over an area of 52 square kilometers, most of which is used for residential purposes. In second place are sports and recreational areas, and in third place are transportation areas. About 41 percent of Lichtenberg residents are between 27 and 55 years old, and almost one-fifth are under 18. Male and female residents are almost evenly distributed. Lichtenberg residents have a good income: Over 20 percent of households have a monthly net income of more than 3,200 euros.

Residents Lichtenberg
The five largest international populations in Lichtenberg

Migration in Lichtenberg

Moves in

13,315

Persons

-19.29 %

Moves out

12,888

Persons

+4.98 %

In the year 2021, development compared to the previous year

Living in Berlin-Lichtenberg

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