Berlin, Germany
Property prices · 2024 · Europe
Property price trend in Berlin (2024–2026)
Property comparison — cities in Germany (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Berlin |
|---|---|---|---|---|
| Berlin | EUR 6,200 | EUR 4,100 | EUR 1,400 | — |
| Munich | EUR 10,800 | EUR 7,200 | EUR 2,100 | +74.2% |
| Frankfurt | EUR 8,200 | EUR 5,500 | EUR 1,700 | +32.3% |
| Hamburg | EUR 7,800 | EUR 5,200 | EUR 1,600 | +25.8% |
| Stuttgart | EUR 7,200 | EUR 4,800 | EUR 1,550 | +16.1% |
| Cologne | EUR 6,800 | EUR 4,500 | EUR 1,450 | +9.7% |
Other Europe cities (2024)
Frequently asked questions
How much does property cost in Berlin in 2024?
In Berlin, the average price per sqm in the city centre is EUR 6,200, and EUR 4,100 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Berlin in 2024?
A 1-bedroom apartment in Berlin rents for approximately EUR 1,400 per month in 2024. A 3-bedroom apartment costs around EUR 2,200/month.
Is it better to buy or rent in Berlin?
Renting is generally more cost-effective in Berlin. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 3.50%.
What are mortgage rates in Germany in 2024?
The average mortgage rate in Germany is approximately 3.50% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Berlin?
The average property price per square metre in Berlin city centre is EUR 6,200 in 2024. Outside the centre, expect to pay around EUR 4,100/sqm.