Flats in Berlin, the capital of Germany, are high-yield investments that have steady in demand among tenants as only one in every six city resident owns property. Berlin apartment prices are about €2,500/sq m, which is lower than those in Munich or Frankfurt. Germany’s capital is ranked 27th among the most expensive cities of the world.
Apartments in Berlin's central borough of Mitte cost from €4,500,000. Prenzlauer Berg is the second most popular borough and construction projects are growing here. Pre-owned apartments sell for €2,500 per square metre or more and new developments cost from €3,500/sq m.
Three-bedroom flats in Berlin can cost €200,000–250,000 in Steglitz and sell for €1,500/sq m or more in Spandau. The Köpenick district takes up 15% of city's area, yet only 3% people reside here. For €70,000-80,000 you can buy a studio here. The most expensive districts are Grünewald and Schmargendorf where prices of flats start at €300,000.