Property Investment Regions in Berlin

Charlottenburg - Wilmersdorf

The Charlottenburg District is situated north of the famous Kurfürstendamm, one of Berlin's major shopping areas that developed in the West during the years that Berlin was divided.

The Charlottenburg district has a number of famous landmarks, perhaps the best known being Schloss Charlottenburg, an elegant palace commissioned in 1695 by Queen Sophie Charlotte. This part of Berlin is also home to some fine bookshops, bars and restaurants, mainly around the Savignyplatz.

Wilmersdorf is an area of Berlin, formerly a borough but since 2001 part of Charlottenburg-Wilmersdorf. The Kurfürstendamm runs through the area. Wilmersdorf was a village near Berlin (Deutsch-Wilmersdorf) and was made a part of "Greater Berlin" in 1920. The borough with the name of Wilmersdorf included also the areas of Halensee, Schmargendorf and Grunewald.

Charlottenburg - Wilmersdorf is seen as a very middle class area which due to its location close to town has maintained high rental rates with consistent demand for both rented and owner occupied property. The borough overall has the highest rental rates in Berlin.

As a combination of two mature West Berlin Neighborhoods the borough has probably undergone the least amount of change and development since re-unification. The combined borough is almost entirely residential based without much heavy industry and as a result it did not suffer as much damage during the war as other more industrialised areas. This consistency has meant that gains in the property market have been less than other areas that have undergone total re-newel and turnaround.

Vacancy Rate – 3.7% (Berlin Average 4.5%)

Rental levels – 7.55 -8.10 Eur per Sqm (Berlin Average 6.25 – 6.40 Eur)

Unemployment – 12.9% (Berlin Average 13.6%)

Rental demand for new letting – trend upwards

Afford ability of rent (% of net income) – 33.5% (Berlin average 26.6%)