Condo Prices Dip in 2024 Market - Condo prices experienced a minor drop in 2024
In the heart of Germany, Berlin continues to see changes in its real estate market. The Berlin Appraisal Committee recently published their annual report, providing insights into the trends of owner-occupied apartments and semi-detached houses.
The report reveals a steady, moderate growth in the prices of owner-occupied apartments, with citywide prices increasing by around 3.2% year-on-year. The average price for an owner-occupied apartment in Berlin was 5,251 euros per square meter in the past year. Notably, the highest purchase price for an owner-occupied apartment in Berlin was approximately 8.3 million euros. However, the report did not specify whether the prices of other types of residential properties have increased or decreased in the current year.
New-build apartments in Berlin are more expensive but less traded, with prices averaging approximately 8,390 euros per square meter, representing a roughly 5.5% price increase. The apartment with the highest price was located in Charlottenburg, with a square meter price of around 22,000 euros.
Comparatively, semi-detached houses in Berlin command higher total prices due to land value and larger size, but exact figures for 2025 Berlin house prices are not provided in the search results. The average price for a semi-detached house in Berlin was 3,583 euros per square meter in the past year, and prices for these properties also decreased compared to the previous year.
Despite the slight increase in apartment prices, the market remains comparatively affordable. Owner-occupied housing in Berlin costs about 47% less than renting comparable housing, supporting demand for buying apartments.
The report does not provide any new information on the reasons for the overall stability in the Berlin real estate market in the year 2025. High construction costs continue to be a problem, but so far, there is no significant increase in the price of owner-occupied apartments in Berlin. The report also does not specify the exact percentage by which the price of semi-detached houses decreased compared to the previous year.
The Berlin Appraisal Committee's annual report does not include data on the prices of commercial properties or land. Furthermore, the authors of the report do not expect owner-occupied apartments to become much cheaper in Berlin.
In summary, the Berlin real estate market shows a moderate positive growth for owner-occupied apartments, with stagnation in new construction likely constraining house price growth. The report does not provide information on the reasons for the decrease in prices for owner-occupied apartments and semi-detached houses. If more specific semi-detached house pricing is needed, further detailed localized market reports would be required.
Community policy should consider investments in vocational training for construction workers to help address high construction costs, potentially leading to more affordable housing options in the housing-market. To stimulate the growth of the real-estate sector, finance institutions could provide incentives for vocational training programs that focus on the building industry, thereby increasing the supply of new residential properties and contributing to the overall stability of the market.
