The Berlin property market 2025/2026 in figures

The Berlin Committee of Valuation Experts for Property Values (Gutachterausschuss für Grundstückswerte) analyses all notarised purchase contracts. Its figures are therefore the most reliable basis for the Berlin market. In addition, we cite official data on new construction and rents.

Sales market 2025: more sales, stable prices

According to the Property Market Report 2025/2026 (press release of 31.07.2026), 22,912 property purchase contracts were concluded in Berlin in 2025 (+10% compared with 2024), with a turnover of around €16.1 billion (+8%).

Freehold flats and partial ownership (Teileigentum) accounted for 18,303 sales (+10%) with a turnover of around €6.8 billion (+14%). The median purchase price for existing freehold flats was €5,511 per m² of living space (+5%), and in new-build developments €8,108 per m² (+2%). A parking space cost €32,639 on average.

The highest price for a freehold flat was around €6.5 million, or approximately €22,350 per m², in the Mitte locality. Rental apartment buildings cost around €2,035 per m² on average (+6%).

First quarter of 2026

In the first quarter of 2026, the total number of purchase contracts fell to 4,811 (−10%) with a turnover of €2.5 billion (−14%). For freehold flats, 3,434 sales (−6%) with a turnover of €1.33 billion (−5%) were recorded; prices remained almost unchanged. The valuation committee cites geopolitical tensions as one reason for the restraint.

Conversions and new freehold flats

In 2025, 4,117 flats were newly created as freehold flats (−2%). Of these, 3,151 resulted from new construction (+18%) and only 966 from the conversion of rental flats (−37%). The conversion ordinance under § 250 of the Federal Building Code (BauGB), which has applied in a new version since 1 January 2026, further limits this number.

Districts: large differences

The valuation committee reports the highest values in central locations (Mitte, Grunewald). Advertised rents also show marked differences: according to the IBB Housing Market Report 2025, the median advertised rent across Berlin was €15.78 per m² net cold rent, in Mitte €20.00, in Spandau €12.50 and in Marzahn-Hellersdorf €11.56.

For purchase prices in individual locations, the standard land values (Bodenrichtwerte; BORIS Berlin, reference date 01.01.2026) and the full market report of the valuation committee provide detailed data.

Rents for existing tenancies

The Berlin rent index (Mietspiegel) 2026 shows an average local comparative rent of €7.71 per m² net cold rent (2024: €7.21, +6.9%). The gap between existing and advertised rents is therefore large; for new lettings, the rent brake limits the scope.

New construction and housing stock

According to the Statistical Office for Berlin-Brandenburg (Amt für Statistik Berlin-Brandenburg), 11,027 flats were completed in Berlin in 2025, after 15,362 in 2024. Of these, 9,524 were in new buildings (around 35% fewer than in the previous year) and 1,503 resulted from construction work on existing buildings. At the end of 2025, there were around 2.07 million flats in Berlin.

Building permits rose to 13,754 flats in 2025 (+40.7%), the first increase after eight years. Whether this will lead to more completions will only become clear in the coming years.

Other market segments and standard land values

In 2025, single-family and two-family houses cost around €3,830 per m² of value-relevant floor area on average (+1%); Grunewald had the highest price level, at an average of €9,650 per m² of living space. Residential and commercial buildings were at around €1,755 per m² (−4%).

In the standard land values as of 01.01.2026, values for building land for individual housing fell by 5% across Berlin, and for office use in secondary locations and yield-oriented commercial locations by 10 to 25%. For multi-storey residential construction, they remained unchanged.

Assessment

The figures describe averages across very different locations, years of construction and conditions. For a specific flat, comparable sales in the same location, the condition of the building and the rental situation are more meaningful than the Berlin average.

Sources

https://www.berlin.de/sen/stadt/presse/pressemeldungen/pressemitteilung.1699073.php
https://www.berlin.de/gutachterausschuss/aktuelles/
https://www.ibb.de/media/dokumente/publikationen/berliner-wohnungsmarkt/wohnungsmarktbericht/2025/ibb-wohnungsmarktbericht-angebotsmieten_2012-2025.pdf
https://www.berliner-mieterverein.de/?p=95465
https://www.statistik-berlin-brandenburg.de/presse/2026/59-baufertigstellungen-2025-berlin
https://www.statistik-berlin-brandenburg.de/presse/2026/50-baugenehmigungen-2025-berlin
https://www.berlin.de/rbmskzl/aktuelles/pressemitteilungen/2025/pressemitteilung.1615174.php

Frequently asked questions

How much does a freehold flat in Berlin cost on average?

According to the valuation committee, the median purchase price in 2025 was €5,511 per m² of living space for existing flats and €8,108 per m² for new builds.

How many flats were sold in 2025?

18,303 sales of residential and partial ownership (+10%).

Did prices fall in 2026?

In the first quarter of 2026, prices for freehold flats were almost unchanged, while the number of sales fell by 6%.

General information, as of October 2026. It does not replace advice from a tax adviser, a lawyer or a notary.