Berlin Neukölln: development and life in the district

Neukölln is colorful, Neukölln is multicultural, Neukölln is on the rise. No wonder: nowhere else in Berlin do so many different nationalities come together as here. At the same time, the district is subject to permanent change, which its residents are only too happy to embrace. And not only that. More and more young students, families and Berliners-by-choice are also being drawn to Neukölln from outside. In addition to the peaceful coexistence of over 150 nationalities, it has a lot to offer with its various city centers, the Neukölln Opera House and its many green oases of peace. The Hufeisensiedlung has even been a UNESCO World Heritage Site since 2008. In the following chapters, we will show you how Neukölln is positioned on the real estate market.

Real estate market in Berlin-Neukölln

No other district embodies the ethnic diversity of the capital as much as Neukölln. And this diversity is reflected in the local streetscape. Historic village centers meet modern subway stations, squares steeped in history are brought back to life by hip workspaces, picturesque Wilhelminian-style old buildings nestle up against modern new construction complexes and are complemented by chic family homes. At the same time, Neukölln cannot escape the boom of Berlin's real estate market. In recent years, a large number of municipal and private new construction projects and redevelopments have been implemented. Nevertheless, demand here also exceeds the available supply. Neukölln's potential is far from exhausted. This suggests that the increase in construction activity and real estate prices will continue in the coming years.

Average rental prices

14

EUR / m²

+40.90%

Average purchase prices

5,207

EUR / m²

+11.69%

Rental offers

178

-43.71%

Purchase offers

546

+28.21%

Neukölln: Real estate supply and development

The supply of real estate in Neukölln is also dwindling. To be sure, the diverse real estate market is constantly expanding. However, since Neukölln is enjoying increasing popularity among both old and new Berliners, the excess demand is not expected to decline in the medium term.

Offer of properties for rent and sale in Neukölln

Rental offers
Purchase offers

How are property prices developing in Neukölln?

Property prices are flourishing splendidly, as they are throughout Berlin. The multi-ethnicity, which was considered a disadvantage for many years, is now proving to be a clear bonus and is attracting more and more people from outside to Neukölln. Due to the increasing settlement of companies, the purchasing power of the district is also rising. It can therefore be assumed that the positive development will continue in the years to come.

Purchase price (m²) in Neukölln

Existing building

Average purchase prices

5,207

EUR / m²

+11.69%

New builds

Average purchase prices

7,693

EUR / m²

+11.60%

Average purchase price Neukölln

New build
Existing building

Current rents and development

Neukölln has seen dynamic construction activity in recent years. Many of the privately built properties that have been completed are now on the market as rental apartments. Municipal construction projects supplement the supply. Although prices have risen overall here as well, they are still at a moderate level compared to the rest of Berlin.

Average rental prices in Neukölln

Existing building

Average purchase prices

5,207

EUR / m²

+11.69%

New builds

Average purchase prices

7,693

EUR / m²

+11.60%

The population of the district

Neukölln is home to nearly 330,000 people, the majority of whom live in the Neukölln district with just over 160,000 residents. The remainder is distributed almost evenly among the remaining four districts of Britz, Buckow, Gropiusstadt and Rudow. Incidentally, the proportion of male and female residents is almost balanced in all districts. The population is the most multicultural, with a migration share of 75 percent. 160 nations come together here - you won't find that in any other Berlin district. But that is precisely what makes it so interesting.

Residents Neukölln
The five largest international populations in Neukölln

Migration in Neukölln

Moves in

14,489

Persons

-9.44 %

Moves out

12,700

Persons

+4.59 %

In the year 2021, development compared to the previous year

Life in Berlin-Neukölln

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