Berlin-Wedding: development and life in the borough

There is a lot going on in Wedding. For some years now, the old industrial site has been maturing into a place of the future that is attracting more and more people. The former working-class district accommodates all age groups and is considered a cultural melting pot. In addition to its proximity to the city center, Berlin-Wedding shines with its many green spaces, water areas and small cafés. The diversity of nationalities ensures a correspondingly extensive gastronomic offering. Despite rising prices, Wedding is particularly attractive for young investors. Why this is so and what else the real estate market in Wedding has to offer, we would like to introduce to you in the following chapters.

Real estate market in Berlin-Wedding

Even though the supply of real estate is significantly higher than in other parts of Berlin, this does not detract from the excess demand. For in Wedding, what is also commonplace in the rest of the capital applies: there is too little living space for too many people. It is hardly surprising that rising real estate prices have become established here as well. The streetscape is dominated by apartment buildings with the charm of old buildings, which are gradually being renovated.

Average rental prices

21

EUR / m²

+44.45%

Average purchase prices

7,379

EUR / m²

+22.99%

Rental offers

397

-41.99%

Purchase offers

937

-17.39%

Wedding: Real estate supply and development

There is hardly any other district in which so many new construction projects are being planned as in Wedding. Many existing properties are being renovated and are thus experiencing a significant increase in value. Until a few years ago, there was no high-priced real estate segment in Wedding. Here, too, a change is currently taking place. With its proximity to the future TXL Urban Tech Republic, which is being built on the site of the former Tegel city airport, Berlin-Wedding is becoming increasingly popular, particularly among students and employees in the technology sector. Likewise, the nearby BND headquarters serves as a draw for new residents. No wonder, then, that despite rising prices, it is primarily young investors who are active in the local real estate market.

Offer of properties for rent and sale in Mitte

Rental offers
Purchase offers

How are real estate prices developing in Wedding?

Contrary to the usual Berlin pattern, the positive price trend has started relatively late. And the number of properties on offer is also at a comparatively high level. Nevertheless, there has been a considerable increase in prices in recent years, and supply is also clearly outstripped by demand.

Purchase price (m²) in Mitte

Existing building

Average purchase prices

7,379

EUR / m²

+22.99%

New builds

Average purchase prices

10,009

EUR / m²

+9.02%

Average purchase price Mitte

New build
Existing building

Current rents and development

While rents for existing properties in Wedding are currently declining slightly, they have developed positively across the board in previous years. Prices for new-build properties, on the other hand, are increasingly rising and are thus in line with the general trend for rents in the capital.

Average rental prices in Mitte

Existing building

Average purchase prices

7,379

EUR / m²

+22.99%

New builds

Average purchase prices

10,009

EUR / m²

+9.02%

The population of the borough

Wedding is as colorful as the capital itself. A total of about 85,000 people from different cultures meet here. Diverse, loud, underestimated and lovable - this is how residents describe their district, which is currently well on its way to becoming a trendy neighborhood. Many students, artists and young families are drawn here because the rents are still quite affordable compared to other central districts. A strong art scene has developed here, which meets in the Uferhallen, for example, and many innovative companies have also settled here. In addition, Wedding is child-friendly - there are a proud 22 elementary schools here.

Residents Mitte
The five largest international populations in Mitte

Migration in Mitte

Moves in

27,679

Persons

-24.93 %

Moves out

20,534

Persons

-3.78 %

In the year 2021, development compared to the previous year

Life in Berlin-Wedding

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