Berlin-Spandau: development and life in the district

Spandau - the Wild West of Berlin. Even though people from the capital and from Spandau often jokingly do not count this district as part of Berlin, it has a lot to offer. After all, Spandau is older than the capital itself. In the old town, the narrow streets are reminiscent of the former village idyll that is now part of a metropolis of millions. The diverse nature is unparalleled in the capital. The Havel and Spree rivers flow together here. The large forested areas provide relaxation and a high quality of life. With the lowest population density in Berlin, Spandau is especially popular with families. The following chapters will show you what the real estate market is like, and we have included some facts and figures for you.

Real estate market in Berlin-Spandau

The real estate market in the capital is prospering. In addition to the picturesque landscape, the proximity of the former TXL airport site and the technology park being built on it are the main reasons why this boom is also making itself felt in Spandau. The continuously rising prices for rents and property could also have an impact on Spandau's population structure in the future. After all, this is currently relatively heterogeneous with a wide range between high-income and low-income households. But the housing shortage in Berlin is also increasingly pushing the young and financially strong buyer class to the outskirts of the city. For them, the high level of vacant land is of particular interest, as this is where new and attractive residential and commercial units are being built. So far, especially in Spandau, there are well-preserved half-timbered houses in the city center and Gründerzeit villas in waterfront locations. This contrasts with the large housing estates. For some years now, there has been quite a lot of construction activity in Berlin's north, which will soon add numerous new construction projects to the existing stock.

Average rental prices

11

EUR / m²

+31.48%

Average purchase prices

3,977

EUR / m²

+8.43%

Rental offers

158

-60.71%

Purchase offers

264

+13.82%

Spandau: Real estate supply and development

The range of real estate on offer in Spandau is constantly expanding. Even the banks of the Havel have now been opened up to new construction activity to expand the housing stock. However, many projects are being realized by municipal developers. So far, migration has only been observed to a limited extent. However, the completion of new industrial and technology sites in the vicinity could soon change this.

Offer of properties for rent and sale in Spandau

Rental offers
Purchase offers

How are property prices developing in Spandau?

Property prices in Spandau are rising, but are far from being at the level of many other Berlin districts. The future viability as a business location leads us to expect that the positive development in values will continue in the coming years.

Purchase price (m²) in Spandau

Existing building

Average purchase prices

3,977

EUR / m²

+8.43%

New builds

Average purchase prices

6,861

EUR / m²

+10.67%

Average purchase price Spandau

New build
Existing building

Current rents and development

Rents are also rising in Spandau. The increasing attractiveness of the location and the severe housing shortage in the capital suggest that this upward trend will continue in the future.

Average rental prices in Spandau

Existing building

Average purchase prices

3,977

EUR / m²

+8.43%

New builds

Average purchase prices

6,861

EUR / m²

+10.67%

The population of the district

Spandau is home to about 245,000 people spread over an area of nearly 92 square kilometers. The population density, i.e. how many people have to share one square kilometer of space, is rather low in Spandau compared to other Berlin districts. The lowest population density is in Gatow, with about 340 people on about 10 square kilometers. By comparison, the district of Spandau has over 4,900 people living in about 8 square kilometers. And again for comparison, almost 15,000 people share one square kilometer in Kreuzberg. The majority of Spandau residents are over 45 years old, which means that the average age here is higher than in the rest of Berlin.

Residents Spandau
The five largest international populations in Spandau

Migration in Spandau

Moves in

11,285

Persons

-19.63 %

Moves out

9,953

Persons

+6.61 %

In the year 2021, development compared to the previous year

Life in Berlin-Spandau

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