Berlin Steglitz: development and life in the borough

Tranquil and middle-class Berlin suburb? No way! As a transition between a direct inner-city location and affluent villa districts, Steglitz shows: it's the mixture that makes the difference. With Schloßstraße, Steglitz has the second largest shopping mile in Berlin. Cultural institutions such as the Schlosspark Theater, but also the proximity to Grunewald, botanical gardens and Schlachtensee round out the diverse offerings. Students, families and retirees live here in harmonious harmony and are pleased that everything they need for their well-being is right on their doorstep. And if that should not be the case, the excellent public transport connections help them to reach their desired destination quickly. In the following chapters, we will tell you about the real estate market in Steglitz.

Real estate market in Berlin-Steglitz

The Berlin real estate market is booming and this is also evident in Steglitz. The suburban flair and the simultaneous proximity to the city center make this borough an increasingly popular place to live for all age groups. While students enjoy the proximity to the Technical University, families can take advantage of a wide range of daycare centers and educational institutions. For retirees, the shopping facilities, which are easily accessible on foot, are particularly suitable. No wonder, then, that more and more people are moving here. On the other hand, there is little new construction activity and a declining supply on the real estate market. These are ideal conditions for continued positive price development.

Average rental prices

15

EUR / m²

+28.81%

Average purchase prices

5,251

EUR / m²

+7.45%

Rental offers

346

-7.79%

Purchase offers

1,150

+46.08%

Steglitz: Real estate supply and development

The street scene once again enhances the district's appeal: With picturesque Wilhelminian villas, refurbished old buildings and a contingent of newly built apartments and single-family homes, its versatility is impressive. At the same time, the supply is low and construction activities are also rather limited. Investment activities are at a stable level.

Offer of properties for rent and sale in Steglitz-Zehlendorf

Rental offers
Purchase offers

How are real estate prices developing in Steglitz?

As in the other parts of Berlin, property prices in Steglitz have also risen. The location close to the city center and the large selection of educational facilities are attracting young families in particular, who are increasingly emerging as a financially strong group of buyers. It is therefore to be expected that this upward trend will continue in Steglitz in the future.

Purchase price (m²) in Steglitz-Zehlendorf

Existing building

Average purchase prices

5,251

EUR / m²

+7.45%

New builds

Average purchase prices

8,595

EUR / m²

+19.20%

Average purchase price Steglitz-Zehlendorf

New build
Existing building

Current rents and development

Steglitz appeals across all age segments and is attracting more and more residents. Demand for rental apartments is correspondingly high. Although prices have risen overall, they are quite moderate compared to the immediate neighbours Charlottenburg and Schöneberg.

Average rental prices in Steglitz-Zehlendorf

Existing building

Average purchase prices

5,251

EUR / m²

+7.45%

New builds

Average purchase prices

8,595

EUR / m²

+19.20%

The population of the borough

Steglitz-Zehlendorf has a total population of about 203,000, of which 75,000 live in the Steglitz borough, 85,000 in Lichterfelde and 43,000 in Lankwitz. The majority of Steglitz residents are between 40 and 60 years old and have a high monthly income.

Residents Steglitz-Zehlendorf
The five largest international populations in Steglitz-Zehlendorf

Migration in Steglitz-Zehlendorf

Moves in

11,711

Persons

-27.02 %

Moves out

11,673

Persons

-6.94 %

In the year 2021, development compared to the previous year

Life in Berlin-Steglitz

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