This time around, we would like to introduce to you a short real estate market analysis check of the district Berlin Charlottenburg based on the data of Immoscout24.
While the vast majority, about 64% of the offers, has an area between 26 m² and 95 m² of living space, it tends to be that 58% of flats with an area of 56m² to 110m² are in demand. Of course, the 20-fold amount of requests can not be satisfied.
Here the requests and offers were divided according to the rooms. With 28% and more than 5,000 applications, the most popular are the 3-3.5-room apartments, closely followed by 2-2.5-room and 4-room housing applications, each with 21% and approx. 3,900 applications.
61% of the offers consist of 2-3.5-room apartments, but are represented with the total of about 460 apartments offered at just under one-twentieth of demand.
The market for 1-1.5-room apartments looks there with 16-fold demand with only about 110 apartments offered, relatively relaxed.
All in all, there has been a continuous demand for real estate in Berlin-Charlottenburg for years, if one considers the price increase between the quarters, then in 2017 and 2018 the average was about 3-4%.
Extrapolated to the years, this results in a price increase of 161% since 2007 to an average of about 3874 € / m².
In the development, around one-quarter of the multi-family houses and the industrial buildings, and 15% of the single-family homes are represented.
14% of the residents of Charlottenburg had less than € 1,500 per month, the majority with about 62% a monthly income between € 1,500 and € 3,600 and about a quarter a higher income than € 3,600.
All data and graphics were provided by Immoscout24.
