Property Investment Regions in Berlin

Neukölln

Economically Neukölln is still suffering from high unemployment with one of the highest rates in Berlin and one of the lowest income levels.

U8 underground connects Neukölln with the city centre, the ring train (S41/42) with the western and eastern districts; U7 opens up the whole district up to the city border in the South. The northern part of Neukölln is dominated by well-preserved and populous old building quaters and resembles in many ways the neighbouring Kreuzberg. One of Berlin's most vivid squares is Hermannplatz which is adjoined by Karl-Marx-Straße, a popular shopping avenue. Here you also will find Germany's probably most unconventional opera house, the Neuköllner Oper. Just a few steps ahead is Rixdorf, one of the most beautiful and relaxed downtown old-building-quarters. Rixdorf also hosts a gem of urban history: the Böhmisches Dorf (Bohemian village) around Richardplatz. Amidst of the metropolis the character of this village has been preserved in an over 250 years old architecture, crowned by the legendary and still economically successfully run forge in the middle of the square. Neukölln's southside is completely different: canals and waterways, the castle Britz, the beautiful Garden of Britz (Britzer Garten, location of the National Garden Exhibition of 1985) and remote one-family-house settlements can be found here. The Hufeisensiedlung ("horseshoe settlement") of Bruno Taut in Britz is well known by fanciers of architecture.

Overall population levels in the borough are probably stationary or dropping very slightly mainly driven by migration to other boroughs by the upwardly mobile residents of the borough.

The recent increases in property prices while rents have remained static show investors have been steadily buying into the property market here as investors are forced to accept lower rental yield. The owner occupancy rate, which is probably highest in the outlying districts, should help maintain prices in these areas.