Not only geographically, but also politically, economically and culturally, Mitte is the center of the capital. As the seat of government, location of embassies and companies, with its numerous shopping opportunities, cultural institutions and a dreamlike location on the Spree, it offers its public everything the heart desires. This is one of the reasons why Berlin is becoming increasingly popular internationally and is on a par with the world's greatest metropolises. In the following chapters, we will take you on a journey through the exclusive real estate market of Berlin-Mitte and show you what it has to offer.
The real estate market in Mitte is exclusive, sophisticated and in demand internationally. Prices for rent and property have more than doubled in recent years. Pure use of real estate as living space is rare here. The properties are home to stores, corporate offices and apartments in equal measure. The streetscape is composed of picturesque old buildings, modern building complexes and nostalgia-spraying GDR slabs, reflecting the melting pot existence of Berlin-Mitte.
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%
Average rental prices
28.82
EUR / m²
+36.38%
Average purchase prices
10,009
EUR / m²
+9.02%
Rental offers
126
-47.16%
Purchase offers
101
-47.06%
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%
Mitte is becoming increasingly important as a real estate location, especially for the international public. Despite dynamic construction activity, however, the supply is very low. Since the potential for new construction sites has almost been exhausted, land prices are rising enormously. New residential and commercial space is mostly being created through the costly additions to, or conversion of, existing properties.
In Mitte, property prices have risen particularly sharply in comparison with the rest of the capital. Its real estate prices therefore put it on a more equal footing with other global metropolitan areas than with the surrounding districts of Berlin. Due to the exclusivity of the residential location and the rarity of the supply, it can be assumed that the price level prevailing here will continue to rise in the future.
Average purchase prices
7,379
EUR / m²
+22.99%
Average purchase prices
10,009
EUR / m²
+9.02%
Rents in Mitte have also skyrocketed in recent years. The end of the rent cap leads us to expect that rents for existing properties and new buildings will sooner or later reach a similarly high level. After all, the international and afflueunt public is more than willing to pay them.
Average purchase prices
7,379
EUR / m²
+22.99%
Average purchase prices
10,009
EUR / m²
+9.02%
With over 380,000 inhabitants, Mitte is the second most populous district in Berlin. In first place is Pankow with over 410,000 inhabitants. The population in Mitte is international and young. The proportion of people over 65 is similarly low as in Friedrichshain-Kreuzberg. At over 70 percent, the proportion of people of working age 18 to 64 is particularly pronounced here, with 20- to 40-year-olds making up the majority.
Moves in
Persons
-24.93 %
Moves out
Persons
-3.78 %
In the year 2021, development compared to the previous year
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