Berlin’s luxury apartments hit €22K per square metre as market cools elsewhere
Berlin’s property market showed mixed trends last year, with luxury apartments reaching record prices while average costs dipped slightly. The most expensive condominium sold for around 8.3 million euros in Charlottenburg, highlighting the city’s stark price differences between districts.
The highest recorded sale was a Charlottenburg apartment at roughly 8.3 million euros, equating to about 22,000 euros per square metre. This stood in sharp contrast to the city’s overall average of 5,251 euros per square metre for condominiums in 2024.
Prices varied widely across Berlin’s districts in 2025. In Pankow, existing apartments averaged 4,680 euros per square metre, while new builds climbed to 7,140 euros. Steglitz-Zehlendorf saw averages of 5,717 euros in Steglitz and 5,241 euros in Zehlendorf. Lichtenberg remained more affordable at 4,358 euros, and Spandau ranged from 4,050 euros for existing properties to 6,160 euros for new builds. The city-wide average settled at 4,808 euros per square metre. The condominium market experienced a slight decline, with average prices dropping by one percent compared to the previous year. Semi-detached houses also saw a small decrease, averaging 3,583 euros per square metre.
The data reveals a market where top-tier properties command extreme premiums, yet overall prices have softened. While Charlottenburg’s luxury segment thrives, most districts show modest adjustments, reflecting a cooling trend in Berlin’s real estate landscape.
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