In the first half of 2025, the market for residential and commercial buildings in Berlin experienced a further revival in terms of numbers. According to the latest evaluation by the Berlin Valuation Committee, 318 properties were sold – an increase of 10 percent compared to the same period last year. At the same time, the total transaction volume remained almost stable at EUR 1.77 billion, due to the continued low supply of large-volume individual properties (volume above EUR 20 million).
Much of the market momentum is in the stable, yield-oriented mid-price segment with an increasing investor presence. “While private buyers and family offices have remained loyal to the market throughout, international investors and investment managers are now also back – supported by the positive assessment of Berlin and the residential asset class in particular,” says Benjamin Rogmans, Managing Director of Engel & Völkers Commercial Berlin and Head of the Residential and Commercial Buildings division. “The fact that large individual deals are still rare is not due to demand, but to the lack of a product. Interest from institutional buyers is particularly high in the segment over 50 million euros – but suitable properties are hardly available,” he adds.
Market momentum intensifies in the mid-range segment
The figures show a clear concentration on properties between EUR 2.5 million and EUR 7.5 million: In this segment, the transaction volume rose by up to 63 percent. The growing proportion of international investors is also striking. At Engel & Völkers Commercial Berlin, around one in three completed deals went to buyers from abroad in the first half of the year – a clear sign that Berlin is once again coming into focus in an international comparison.
Package sales prove institutional demand for large-volume investments
A particularly positive signal: The volume of parcel sales increased sevenfold to 538.6 million euros in the first half of 2025. Although the number of deals remained manageable, the high volume clearly shows that the demand for large tickets is there – especially among institutional buyers.
Development in the course of 2025: Continuity confirms trend reversal
A comparison with the 1st half of 2024 underlines the positive market development: The number of transactions is higher in the 1st half of 2025, as is investor interest, not only in the middle segment. While restraint and wait-and-see still dominated in the first half of 2024, there is now a sustained market activation. The transaction activity is more widely distributed across different buyer groups – from institutional investors to private portfolio holders. It is particularly pleasing that this momentum is not based on speculative price movements, but on sound valuations and economic resilience.
Outlook: Favourable starting position for the second half of the year
Despite continuing challenging macroeconomic and regulatory conditions, the market is developing continuously and structurally healthy. Buyers and sellers meet at eye level, price realities are now accepted, and investors act with a clear focus. “We are looking forward to an active second half of 2025 – supported by investors who specifically identify opportunities and sellers who act with realistic ideas. Those who act professionally benefit from clear framework conditions and predictable market processes,” Rogmans sums up.
Development and change in transaction volume and number of WGHs Berlin (half-year)
|
Old districts |
1st half of 2024 |
1st half of 2025 |
Change |
|||
|
|
Number |
Money million € |
Number |
Money million € |
Number |
Money million € |
| Middle |
6 |
78,5 |
7 |
82,9 |
17% |
6% |
| Zoo |
9 |
25,2 |
5 |
12,5 |
-44% |
-51% |
| Wedding |
18 |
43,8 |
15 |
42,0 |
-17% |
-4% |
| Prenzlauer Berg |
7 |
264,5 |
10 |
58,6 |
43% |
-78% |
| Friedrichshain |
5 |
21,4 |
8 |
29,1 |
60% |
36% |
| Kreuzberg |
19 |
46,0 |
20 |
81,3 |
5% |
77% |
| Charlottenburg |
13 |
92,4 |
19 |
164,8 |
46% |
78% |
| Spandau |
14 |
55,6 |
20 |
42,8 |
43% |
-23% |
| Wilmersdorf |
11 |
63,0 |
18 |
86,6 |
64% |
37% |
| Zehlendorf |
8 |
15,6 |
10 |
85,1 |
25% |
444% |
| Schöneberg |
7 |
19,9 |
15 |
48,2 |
114% |
142% |
| Steglitz |
36 |
97,6 |
27 |
48,6 |
-25% |
-50% |
| Tempelhof |
11 |
47,0 |
17 |
25,2 |
55% |
-46% |
| Neukölln |
28 |
303,5 |
28 |
123,5 |
0% |
-59% |
| Treptow |
13 |
39,2 |
14 |
34,4 |
8% |
-12% |
| Köpenick |
11 |
28,1 |
14 |
22,5 |
27% |
-20% |
| Lichtenberg |
10 |
35,1 |
12 |
44,3 |
20% |
26% |
| Weissensee |
6 |
14,5 |
11 |
56,8 |
83% |
293% |
| Pankow |
15 |
103,3 |
10 |
68,2 |
-33% |
-34% |
| Reinickendorf |
20 |
29,9 |
24 |
67,1 |
20% |
125% |
| Marzahn |
3 |
3,1 |
2 |
4,6 |
-33% |
50% |
| Hohenschönhausen |
5 |
203,0 |
3 |
4,3 |
-40% |
-98% |
| Hellersdorf |
5 |
86,0 |
4 |
2,0 |
-20% |
-98% |
| Sum |
280 |
1.716,3 |
313 |
1.235,3 |
11,79% |
-28,03% |
| plus in packages |
9 |
77,0 |
5 |
538,6 |
-44,44% |
599,53% |
| Total total |
289 |
1.793,3 |
318 |
1.773,9 |
10,03% |
-1,08% |
Source: Expert Committee Berlin, 17.07.2025
