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Tempelhof-Schöneberg

Tempelhof - Schöneberg is probably undergoing the highest combined growth rate for rents and sales prices of any of the boroughs of Berlin.

Schöneberg inhabitants are known for their style, even if non-style is in, and have no trouble bridging the blatant lifestyle gap between Kreuzberg and Wilmersdorf. The whole area is full of places offering the best in modern living. There are lots of stylish bars, cafes and nightclubs in this district. Making it popular with the young and those who perceive themselves to be on the cutting edge of fashion.It's well worth peeping into the side streets and strolling down Akazienstraße towards Hauptstraße - the network of cafés, restaurants and bars is getting more intricate all the time.

The borough has a relative low residential vacancy rate which emphasizes the consistency of the property market within the borough.

With current rates of increases close to their projected highest levels it is anticipated that the current rate of increase may peak in the short term and drift down to more sustainable growth rates in the medium term. Recent buyers into the area are liable to be those that achieve the best capital growth rates.

Vacancy Rate – 3.4% (Berlin Average 4.5%)

Rental levels – 5.85 – 6.15 Eur per Sqm (Berlin Average 6.25 – 6.40 Eur)

Unemployment – 11.5% (Berlin Average 13.6%)

Rental demand for new letting – trend upward

Afford ability of rent (% of net income) – 25.7% (Berlin average 26.6%)

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