Berlin property market 2025/2026 in figures
The Berlin Committee of Valuation Experts (Gutachterausschuss für Grundstückswerte) analyses all notarised purchase contracts. Its figures are therefore the most reliable basis for the Berlin market. In addition, we provide 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 monetary turnover of around €16.1 bn (+8 %).
Freehold flats and partial ownership accounted for 18,303 sales (+10 %) with a turnover of around €6.8 bn (+14 %). The median purchase price for existing freehold flats was 5,511 € per m² of living space (+5 %), and 8,108 € per m² in new-build developments (+2 %). A parking space cost 32,639 € on average.
The highest price for a freehold flat was around €6.5 m, or about 22,350 € per m², in the locality of Mitte. 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 bn (−14 %). For freehold flats, 3,434 sales (−6 %) with a turnover of €1.33 bn (−5 %) were recorded; prices remained almost unchanged. The Committee of Valuation Experts 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 (Wohnungseigentum) (−2 %). Of these, 3,151 came from new construction (+18 %) and only 966 from the conversion of rented flats (−37 %). The conversion ordinance (Umwandlungsverordnung) under § 250 BauGB, in force in a new version since 1 January 2026, further limits this number.
Districts: large differences
The Committee of Valuation Experts reports the highest values in central locations (Mitte, Grunewald). Asking rents also show marked differences: according to the IBB Housing Market Report 2025, the median asking rent across Berlin was 15.78 € per m² net cold, 20.00 € in Mitte, 12.50 € in Spandau and 11.56 € in Marzahn-Hellersdorf.
For purchase prices in individual locations, the standard land values (BORIS Berlin, reference date 01.01.2026) and the full market report of the Committee of Valuation Experts provide detailed data.
Rents in existing tenancies
The Berlin rent index (Mietspiegel) 2026 shows an average local comparative rent (ortsübliche Vergleichsmiete) of 7.71 € per m² net cold (2024: 7.21 €, +6.9 %). The gap between existing rents and asking rents is therefore large; for new lettings, the rent cap (Mietpreisbremse) limits the scope.
New construction and housing stock
According to the Statistical Office for 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 m flats in Berlin.
Building permits rose to 13,754 flats in 2025 (+40.7 %), the first increase after eight years. Whether this leads to more completions will only become apparent in the coming years.
Other market segments and standard land values
In 2025, detached and two-family houses cost on average around 3,830 € per m² of value-relevant floor area (+1 %); Grunewald had the highest price level, averaging 9,650 € per m² of living space. Residential and commercial buildings were at around 1,755 € per m² (−4 %).
In the standard land values (Bodenrichtwerte) as at 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
What does a freehold flat in Berlin cost on average?
According to the Committee of Valuation Experts, 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 units (+10 %).
Have prices fallen 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 at October 2026. It does not replace advice from a tax adviser, solicitor or notary.
