2020 Berlin real estate report just released by @GuthmannEstate - for apartment rentals and buyers 1/n
Rental offers have declined by 65% y-o-y. 4k offers as of Sep. This decline coincides with the #Mietendeckel coming into effect as landlords pulled listings.
Historical offers of 12-15k rentals/month. The 5-8€/m range makes up less than 20%, and the 14€+ at 30%+ of offers
There’s a 200k+ shortage of rentals in Berlin. All districts have demand ranging from 2-20% more than supply depending on the district.
75% of Berlin residents rent, 17.5% own, and about 10% of all units appear to be empty - meaning approximately 250k dwellings
For new apartments, anything below 2.5k€/m is non-existent throughout Berlin. Most units being sold between 2.5-7.5k€/m. About 7% of units are priced above 7.5k€.
The number of new units have also declined from the 2009-2016 timeframe, possibly due to more onerous requirements on developers and higher land prices. The >7.5k€/m segment is firmly established, and the <5k€ segment is disappearing.
Net migration to Berlin continues, w >50% international newcomers, 30% from other parts of Germany. People are going to Brandenburg when they leave Berlin.
More than 77% of residents are German. Next largest Nationality groups are Turkish, Polish, Syrians, Italians, Bulgarians, Russians, Romanians, Americans and French.
More details can be found in this great, accesible analysis at:

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More from @BerlinEstate

18 Oct
Insights into the Berlin real estate market by @BLIBerlin -
Prices in Berlin have risen 2-4% in 2020, in spite of the corona crisis.
Many people are choosing to move to the Berlin suburbs for more space and lower rents / prices, encouraged by flexible work policies
Read 6 tweets

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