Property worth around €8.5 billion found new owners in Berlin last year (2010) in fgurest to be confirmed by the City’s Committee on real Estate Assest, the previous year (2009) the sum was 6.5€ billion.
Completion transactions on dewllings saw the biggest rise of 53% to some €2.9 billion, with prices rising from €680 m2 to €730 m2, apartment transactions saw a 30% increase to a total of 16,764 apartments, but that represents less than 1% of the total apartments in Berlin, which is perhaps why prices are rising overall in Berlin.
Prices in Mitte & Prenzlauer Berg saw rises of around 20% and 10% in Kreuzberg.
The UK’s largest property portal for overseas property web ‘Rightmove Overseas’ reported a 50% rise in searches for German property last month, perhaps generated by the increase press coverage on Berlin and it’s property.
