CBRE Berlin Hyp Housing Market Report Berlin 2024

Inflation, higher construction costs and high interest rates have shattered many dreams of home ownership. As a result, purchase prices have fallen, slightly in the case of condominiums and more sharply in the case of apartment blocks. Meanwhile, pressure on the rental market is steadily increasing. As a result, rental prices continue to rise sharply and there is a continuing trend to move to the surrounding area, even though prices there are also rising.

These are the key findings of the Housing Market Report Berlin 2024, which is published annually in collaboration with Berlin Hyp, the property finance company. Around 23,300 rental offers, around 28,400 purchase price offers for condominiums and apartment buildings, as well as 220 new construction projects with around 34,900 apartments in Berlin were analysed and evaluated for the year 2023. The report is available for download here.