Real Estate in Berlin, Germany
Last updated on Mar 16, 2024
Summary: The most desirable neighborhoods in Berlin, Germany are Mitte, Prenzlauer Berg, Kreuzberg, Friedrichshain, and Charlottenburg. The average cost to buy a nice 2 bedroom home in Berlin is around $400,000 USD, and a nice 3 bedroom home is around $500,000 USD. These properties typically include modern amenities such as updated kitchens, bathrooms, and living spaces. There are no restrictions on foreign ownership for properties in Berlin. An expat searching for a home to buy in Berlin should start by researching the different neighborhoods and their amenities. They should also consider their budget and lifestyle needs when selecting a neighborhood. Additionally, they should contact a real estate agent to help them find the right property.
How do I find a place to live in Berlin?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"When looking for a place to live in Berlin, it is important to consider your budget, desired location, and the type of accommodation you are looking for. Start by researching different neighborhoods in Berlin to find one that fits your needs. Once you have narrowed down your search, you can look for apartments or other types of accommodation on websites such as ImmobilienScout24, WG-Gesucht, or Airbnb. Additionally, you can look for rental listings in local newspapers or contact real estate agents in the area. Finally, you can also look for shared apartments or rooms on websites such as WG-Gesucht or Craigslist," said one expat in Berlin.
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What is a typical expat home or apartment like in Berlin?
"Expat homes and apartments in Berlin are typically modern and spacious, with high ceilings and large windows that let in plenty of natural light. Many apartments come with balconies or terraces, and some even have access to a garden. Kitchens are often equipped with modern appliances, and bathrooms are typically modern and well-maintained. Expat homes and apartments in Berlin are usually located in the city center, close to public transportation, shops, restaurants, and other amenities," explained one person living in Berlin, Germany.
What is the average cost of housing in Berlin?
If you are thinking about moving to Berlin, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Berlin varies greatly depending on the area and type of accommodation. Generally, the average cost of renting an apartment in Berlin is around €800-€1,200 per month, while the average cost of buying a property is around €3,000-€4,000 per square meter. Prices can be higher or lower depending on the location and amenities," remarked one member in Berlin.
Should I buy or rent a home in Berlin?
If you have not spent a lot of time in Berlin, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Berlin can be a great investment, as the city is a popular destination for both tourists and expats. However, it is important to consider the cost of living in Berlin, as well as the cost of purchasing a home. Renting a home in Berlin can be a great option for those who are not ready to commit to buying a home, as it allows for more flexibility and can be more affordable in the short-term. Ultimately, the decision to buy or rent a home in Berlin should be based on individual needs and preferences," said one person in Berlin.
What do I need to know when buying property in Berlin?
When we asked expats what advice they would give a foreigner before buying a property in Berlin, they said:
"1. It is important to research the area you are interested in buying property in, to ensure it is the right fit for you. 2. Make sure to get a good understanding of the local market and the current prices of properties in the area. 3. It is important to understand the legal requirements for buying property in Germany, such as the need for a notary to be present at the signing of the contract. 4. Make sure to get a good understanding of the taxes and fees associated with buying property in Germany, such as the transfer tax and the land registry fee. 5. It is important to get a good understanding of the rental market in the area, as this can have an impact on the value of the property. 6. Make sure to get a good understanding of the local infrastructure and amenities, such as public transport, schools, and shops. 7. It is important to get a good understanding of the local laws and regulations, such as the rules for renting out a property. 8. Make sure to get a good understanding of the insurance requirements for owning property in Germany, such as the need for building insurance. 9. It is important to get a good understanding of the financing options available for buying property in Germany, such as mortgages and loans. 10. Make sure to get a good understanding of the process for selling a property in Germany, such as the need for a real estate agent," remarked one foreigner who made the move to Berlin.
Are foreigners allowed to own property in Berlin?
When we asked expats what advice they would give a foreigner before buying a property in Berlin, they said...
"Yes, foreigners are allowed to own property in Berlin. Non-EU citizens must obtain a residence permit in order to purchase property in Germany, while EU citizens are allowed to purchase property without a residence permit. However, non-EU citizens may only purchase property in certain areas, and must obtain permission from the local government before doing so. Additionally, non-EU citizens may only purchase one property in Germany, and must prove that they have sufficient financial resources to purchase and maintain the property," explained one person living in Berlin, Germany.
What appliances are typically included in a rental?
We asked foreigners in Berlin what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Berlin typically include a refrigerator, stove, oven, and washing machine. Some properties may also include a dishwasher, microwave, and/or dryer. Additionally, many properties come with basic furniture such as a bed, couch, and dining table," remarked one foreigner who made the move to Berlin.
Additional Information about Searching for a Home in Berlin:
We asked foreigners in Berlin what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Berlin by looking online for real estate websites that specialize in the Berlin area. They can also search for rental listings on websites such as Craigslist or Immobilienscout24. Additionally, expats can contact local real estate agents who can help them find the perfect home," explained one person living in Berlin, Germany.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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