Drop in condo prices observed in the year 2024
Berlin Real Estate Market in 2025: Stable Prices and a Record-Breaking Purchase
The Berlin real estate market in 2025 has shown a remarkable stability, with the average purchase price per square meter for an apartment (condominium) remaining steady at approximately 5,251 euros[1]. This price level represents a slight decrease of 1% compared to the previous year.
The highest purchase price for an apartment in Berlin in 2025 was approximately 8.3 million euros, for a duplex located in Charlottenburg, with a price per square meter of around 22,000 euros[1]. This figure sets a new record for the highest purchase price in the city.
The Berlin Appraisal Committee released their annual report for 2025, providing data on the prices of apartments and duplexes in Berlin for the respective year. The report indicates a slight decrease in prices for both apartments and duplexes compared to the previous year, with the average price per square meter for duplexes standing at 3,583 euros[1].
The report also notes that the conditions for the Berlin real estate market have not significantly improved in 2025. Factors such as high construction costs and expensive mortgages continue to be challenges in the city[1].
Looking ahead to 2026, there is no significant indication of a price increase in the Berlin real estate market. The market has changed only marginally in 2025, with prices per square meter for condominiums slightly falling in 2024 but stabilizing in 2025, with no significant increases or decreases expected[1].
It is important to note that these figures represent citywide averages, and district-level data may vary. For example, in the district of Mitte, median prices for existing apartments are around 8,890 euros per square meter, with new builds being more expensive[3].
In conclusion, the Berlin real estate market in 2025 has shown a remarkable stability, with the average purchase price per square meter for condominiums remaining steady. The highest purchase price for an apartment in Berlin was recorded in Charlottenburg in 2021, setting a new record for the highest purchase price in the city. As we move into 2026, it is unlikely that the market will become much cheaper.
Investing in the housing market of Berlin in 2026 could still prove profitable, given the stable prices observed in the previous year, with average condominium prices per square meter hovering around 5,251 euros. However, the high construction costs and expensive mortgages could remain challenges in the real-estate sector, potentially impacting the investment landscape. On the other hand, those looking to buy high-end properties, such as duplexes, may find attractive opportunities, as their average price per square meter in 2025 was 3,583 euros, a slight decrease from the previous year.
