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Just how inexpensive is real estate in Berlin today?
Here's a quick comparison of world-class cities with noted Neighbourhoods:
| World-class city |
Average property
(prices per square meter) |
Noted neighborhoods |
| LONDON |
€ 15000 to € 18000 |
Notting Hill, Chelsea, Kensington |
| NEW YORK |
€ 9000 to € 11000 |
Manhattan's Upper East Side, Greenwich Village |
| PARIS |
€ 7000 to € 8000 |
6th, 7th, 8th arrondissement |
| BERLIN |
€ 1200 to € 2300 |
Friedrichshain, Prenzlauerberg, Mitte, Charlottenburg |
| BUENOS AIRES |
€ 700 to € 1040 |
Recoleta, Palermo |
Quite a difference! Berlin is closer to a third world city like Buenos Aires then it is to any Western European capital. Even Prague, Warsaw and Budapest are higher priced. It is also the lowest priced major German city.
This will not stay this way for long though.
Note that Berlin has areas where prices are even lower. It is our choice to focus on the up market parts of Berlin for the reason that they provide more security when it comes to rental return and these areas have a much higher capital growth forecast. Let us show you why, contact us for an .
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