Property Investment Regions in Berlin

Steglitz-Zehlendorf

The growing popularity of the southern districts of Berlin has seen good property price growth in this part of Berlin.

U9 underground, S1 and S25 city-trains connect Steglitz to the city centre. Car drivers reach downtown as fast as Berlin's surroundings via Schlossstraße, and on its south-west extension "Unter den Eichen" to Berlin's surroundings. Tempelhof airport is close.

Steglitz' mixture of close-to-centre quarters, exclusive residential areas, suburbs and green is typical for Berlin's South. The district's axis is the Schlossstraße, one of the city's major shopping avenues. Around the clinker building of the old and the tower block of the new townhall there is an independent, vital centre with restaurants, cinemas and the Schlossparktheater; the sightseeings like the pretty Wrangelschloss palace with its small park, nowadays used for cultural events, concentrate here. The Botanical Garden, home of more than 20,000 different species, hosts exotic plants within its big glass greenhouses also in the wintertime. Parts of the bourgeois, urban Friedenau (see also Schöneberg) belong to Steglitz. In the South there is Lichterfelde with its city mansions from the 19th century, whereas the district's West is coined by the Freie Universität.

Zehlendorf, Berlin's classical exclusive residential area, allures the metropolitans to summer resorts like Wannsee lake and Grunewald forest – there's hardly any Berliner who does not dream of a comfortable mansion in Berlin's most genteel district with its scenic landscape on the Havel river. The opportunity to sightsee an especially beautiful villa is provided by a visit to the Literarisches Colloquium Berlin on the Wannsee shore, where writers of international rank are hosted regularly. The glamour of past times can be felt in the Max-Liebermann-Villa at the Wannsee, where the famous painter lived until his death in 1935.

With the borough's bordering Steglitz-Zehlendorf doing particularly well it is expected that this positive bias in the south will also extend into the borough. The "Green" factor also helps make it an attractive area for families and outside of a small area in the Lichterfelde district which has a concentration of high-rise developments the positive local environment enjoyed through most of the borough is a constant positive influence.

As the borough with the highest "Owner Occupancy" rate in Berlin with nearly 25 % it is one of a group of four boroughs (Steglitz-Zehlendorf, Reinickendorf, Treptow-Köpenick and Marzahn-Hellersdorf) which have noticeably higher owner occupancy rates than elsewhere in the city. The common geographic locations of these four boroughs, stretching out to the rural periphery of the city boundaries, is indicative of the tendency for higher owner occupancy rates in more rural neighbourhoods which have higher levels of single family properties.

With a low ratio of property price to income the borough has the potential to increase the rate of owner occupancy and see an increase in the premium on property values that these higher rates generally can lead to in an area.