{"id":107958,"date":"2022-05-24T21:28:00","date_gmt":"2022-05-24T19:28:00","guid":{"rendered":"https:\/\/www.stonehedge-immobilien.de\/buying-a-condominium-in-berlin-neukoelln-prices-trends-neighborhoods-info-more\/"},"modified":"2025-03-14T15:52:45","modified_gmt":"2025-03-14T14:52:45","slug":"buying-a-condominium-in-berlin-neukoelln-prices-trends-neighborhoods-info-more","status":"publish","type":"post","link":"https:\/\/iw-067-vabe-immo.intoweb.net\/en\/buying-a-condominium-in-berlin-neukoelln-prices-trends-neighborhoods-info-more\/","title":{"rendered":"Buying a condominium in Berlin-Neuk\u00f6lln: Prices, trends, neighborhoods, info & more"},"content":{"rendered":"\t\t
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The district of Neuk\u00f6lln is part of the inner city area of Berlin. It borders Friedrichshain-Kreuzberg to the north, Tempelhof-Sch\u00f6nenberg to the west and Treptow-K\u00f6penick to the east. Neuk\u00f6lln covers an area of just under 45 square kilometers <\/span> and currently has around 329,000 inhabitants<\/a>. This makes Berlin’s 8th administrative district one of the inner city areas with the highest population density in Germany. There are around 7,300 inhabitants per square kilometer. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The location of the Neuk\u00f6lln district in Berlin<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Neuk\u00f6lln was first mentioned in documents in 1360. At that time the village was still called Richardsdorp, later it was renamed Rieksdorf and finally Rixdorf. The center of the village was located on Richardplatz, which is still the center of Neuk\u00f6lln today. Neuk\u00f6lln was incorporated into Greater Berlin in 1920. In the post-war period, this district was in the American sector of West Berlin. In 2008, Neuk\u00f6lln was named a “place of diversity” by the German government. In the past, however, Neuk\u00f6lln has also repeatedly made negative headlines. The crime rate is conspicuously high in some of Neuk\u00f6lln’s neighborhoods, which has been actively tackled over the last 10 years. <\/p>

But Neuk\u00f6lln also has many positive things to offer. The Hotel Estrel, which is located on Sonnenallee, is the largest and highest-turnover hotel in Germany. It has 1,125 rooms and recorded a turnover of 77.2 million euros in 2019. Although revenue slumped significantly during the coronavirus pandemic in 2020 and 2021, the Estrel is still one of the most important hotels in Germany. <\/span><\/p>

In this article, we examine the housing market in Neuk\u00f6lln. We will look at price trends in recent years, inform you about the purchase prices for apartments and houses and the differences between old buildings and new-build projects in Neuk\u00f6lln. We will also look at the ownership rate in Neuk\u00f6lln, which is why we will also be interested in rental prices in the district. <\/span><\/p>

We would like to provide you with important data, but also give you a feel for the district. What is life like in Neuk\u00f6lln? What is the gastronomic and cultural offer in the district for residents and tourists? Which sights should you definitely not miss when you are in Neuk\u00f6lln? These are some of the questions we will address in the second part of this article<\/a>. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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The purchase price trend for real estate in Neuk\u00f6lln<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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As in<\/span> Berlin as a whole, there is also a clear upward trend in purchase prices in the Neuk\u00f6lln district over the 4-year period. The price increase for condominiums amounted to 46%<\/a> between the fourth quarter of 2018 and the fourth quarter of 2022. While the average price per square meter was around \u20ac 3,461\/m\u00b2<\/a> at the beginning of the period, it is currently around \u20ac 5,045\/m\u00b2<\/a>. In recent years, the average apartment purchase price in Neuk\u00f6lln has been consistently higher than that of Berlin as a whole, which was \u20ac4,320\/m\u00b2<\/a> in the fourth quarter of 2022. <\/span>Nevertheless, most apartments on offer in Neuk\u00f6lln are likely to be significantly cheaper than those in Tiergarten, Mitte and Prenzlauer Berg, for example.<\/span><\/p>

The situation is somewhat different for <\/span> houseprices<\/span>. <\/span>Here, the increase between the fourth quarter of 2018 and the fourth quarter of 2022<\/span>is also significant<\/span> at 50% <\/a><\/span>but the price level is generally below that of Berlin as a whole. Specifically, the average purchase price for a house in Neuk\u00f6lln in the fourth quarter of 2022 is around \u20ac 4,133\/m\u00b2<\/a>, while the average for Berlin as a whole is around \u20ac 5,061\/m\u00b2<\/a>. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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