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