APARTMENT PRICE GROWTH IN 2016

APARTMENT RENTAL GROWTH IN 2016 5.6%

9.6%

PRICE GROWTH -

NEW HOMES BUILT IN 2015 AGAINST AN ANNUAL DEMAND FOR 20,000

VACANCY RATE

HOUSING PERMITS ISSUED BETWEEN 2009 AND 2015 BUT ONLY 44,000 HOMES COMPLETED

82,000

10,722

1.2%

CHRONIC UNDERSUPPLY -

THE DEMAND FOR APARTMENTS IN BERLIN REMAINS HIGH

PROPERTY MARKET OUTLOOK

#1 Investment & Development Prospects #1 Expected Increase in Amount Invested #1 Expected Increase in Rents #1 Expected Increase in Capital Values

Property prices in Berlin are rising and an undersupply of housing is the main driving force of this growth. Demand is also adding to the momentum, with high job growth and lower unemployment rates likely to put further upward pressure on prices in 2017.

PWC EMERGING TRENDS IN EUROPEAN REAL ESTATE 2017 REPORT - Berlin ranks No.1 in every category

5,000 Apartments

10,000 Apartments

15,000 Apartments

20,000 Apartments

Munich

Berlin

Hamburg

Frankfurt

11,000

6,700

3,400

1,800

Construction activity 2014

Yearly demand 2015-2030

Difference

Sources: Federal Statistical Office Sources: PwC, Urban Land institute, CBRE, ZIA, Secretary of State for Construction and Housing, Berlin Chamber of Commerce