Deals & Insights on the Berlin real estate market for residential and commercial properties
Engel & Völkers Commercial Berlin accompanies 100+ real estate sales in 2023
Despite a challenging market environment with rising interest rates and reluctance on the part of many institutional investors, Engel & Völkers Commercial has successfully accompanied over 100 transactions of residential and commercial properties in Berlin. With a market share of around 25 %, we offer deep insights and detailed knowledge of the current dynamics of the Berlin real estate market.
The average purchase price per property in 2023 was around EUR 3.9 million. This enabled us to realize an average price per square meter of € 2,523.00/m². The average yield was around 4.1 percent.
As the No. 1* in the brokerage of residential and commercial properties, we at Engel & Völkers rely on the extensive local market knowledge of our more than 100 real estate experts in the Berlin Commercial office as well as on a global network of over 15,400 consultants worldwide. In this way, we create the best conditions for a quick and successful sale of your property in Berlin.
Selection of recently brokered investment properties in Berlin
Our deal reports inform you about current sales successes in the areas of residential and commercial properties, apartment buildings and investment properties in Berlin and Brandenburg.
Due to our partially exclusive marketing strategies, we can only publish a selection of the deals we have completed.
Well-kept old building not far from Schöneberg town hall
Built around 1894, this apartment building is particularly impressive due to its location in the sought-after neighborhood around Schöneberg town hall and its close proximity to Volkspark Wilmersdorf. The property has 28 apartments spread over five full storeys in a front building, a side wing and a garden house.
The residential units are accessed via two well-kept stairwells, which feature representative old building details such as ornate banisters, historic doors and stucco elements. Some of them have floorboards - some are equipped with French balconies. The entire property has been continuously maintained in recent years. The residential units have been successively renovated and modernized as tenants have changed.
The seller is a private owner from Berlin who acquired the property 25 years ago in the course of a forced sale. The buyer is a southern German client who is now the third generation to operate as a long-term property owner for the upcoming fourth generation.
Fully rented apartment building in the Wrangelkiez in Kreuzberg
The property is a residential building built around 1894 with eleven residential units spread over five full storeys in a front building. The attic areas are not developed. The property is accessed via a staircase and presents itself in a well-kept condition - the same applies to the partially landscaped rear courtyard. Old building details such as stucco elements in the entrance area, but above all the listed façade, lend the property a special charm.
The buyer is using the proceeds from the sale to upgrade the energy efficiency of other properties and to maintain the existing building in the long term. The buyers immediately fell in love with the house and the location and want to keep it for the long term.
Prestigious residential and commercial building in Neukölln
Built around 1908, the residential and commercial building consists of a front building and two side wings with 35 residential and two commercial units. The apartments vary between 34 and 78 m², have numerous old building details and are highly sought-after due to their location and features, such as balconies in the front building. Extensive refurbishment work has been carried out over the past ten years, which means that the property, which is located in a protected neighborhood, is in a well-kept condition.
The seller is a private individual from Berlin who inherited the property around 12 years ago. The buyer intends to make further investments in the region. The property is to be held in the portfolio for the long term and continuously developed, including the attic extension.
Charming building ensembles in the old town of Spandau
The ensemble of three properties is characterized by its charm and desirable location.
The buyer intends to hold the property permanently and develop it further over the coming years. The sellers inherited the property just a few years ago.
Residential and commercial building in the sought-after neighborhood around Tempelhofer Damm
Built around 1910, the property blends seamlessly into the vibrant quarter near Tempelhof harbor. It comprises 28 residential units and two commercial spaces, spread across a front building and a rear building - all of which are 100% let. The attic apartments in the front building, which were built in 1994, offer a special charm, while the attic in the garden house still offers potential for development. Authentic old building details such as elaborately designed banisters, historic doors and stucco lend the apartments a prestigious flair. The furnishings range from classic floorboards to elegant parquet flooring. Some apartments also have a balcony.
The sale was made from a private inheritance with the aim of reinvesting the proceeds. The buyer, a loyal customer and experienced investor, has already made several investments with our support.
Modernized residential and commercial building in Neukölln
Built in 1906, this residential and commercial building consists of a front building, side wing and transverse building. It comprises 32 apartments on five floors with living spaces between 43 m² and 161 m² as well as two commercial spaces. Most of the apartments enjoy a balcony and have been lovingly modernized when tenants changed. The property has been continuously maintained. All the windows have been replaced, the facades thermally insulated and a gas central heating system installed.
The property was sold by a well-known private investor who is actively optimizing his portfolio structure. Congratulations to the institutional buyer, who plans to fully develop the building's energy potential within the next 3-5 years and prepare it for the future market.
Residential and commercial building in Gesundbrunnen
Built around 1900 as a front building with a left-hand side wing, a transverse building and a small coach house, the property has a total of 33 apartments and one commercial unit on its six floors, which are accessed via three stairwells. The property has been continuously maintained. The majority of the apartments were modernized when tenants changed. This generally involved stripping the wooden floors, filling the walls, modernizing the bathrooms and renewing the electrical sub-distribution.
The property was sold by a private real estate investor who is seeking to restructure his portfolio. The buyer is an institutional client whose concept is to make properties in need of energy-efficient refurbishment fit for purpose over the next 3-5 years.
Residential and commercial building in Akazienkiez
The imposing four-storey residential and commercial building, built in 1884 as a front building with a side wing, extends over a total usable area of approx. 1,299 m². Listed as an ensemble monument, the property houses 17 residential units as well as an office on the first floor of the front building. The apartment sizes vary predominantly between approx. 40 and 70 m², while five units have an impressive 100 to a maximum of 108 m² - sizes that are extremely sought-after on the residential market. Historic double-glazed windows adorn the front building, while modern plastic and wooden windows with insulating glazing ensure comfort in the rest of the building. Charming old building details such as stucco decorations, historic windows and doors lend the house a unique character and testify to its good state of preservation.
The buyer is an owner who specializes in old buildings and is very understanding when it comes to the transaction. The seller is a community of heirs from Munich, who have placed the property in trustworthy hands.
Well-kept residential and commercial building in Neukölln
The property is a residential and commercial building built around 1906 with eight residential and two commercial units spread over four full storeys as a pure front building. The property is in a solid and well-kept condition, both technically and visually. Some old building details, such as historic doors, some stucco elements and corresponding ceiling heights are present.
The private vendor is planning a new real estate investment with the proceeds. The buyers are a newly founded investment manager who has acquired the property for a Hamburg family office and intends to gradually develop it further, thereby starting to build up a value-add portfolio for itself.
Residential and commercial building in a central location in Wilmersdorf
The property is a residential and commercial building built around 1992 and divided up in the land register, with eleven apartments and four commercial units spread over six full floors and the converted attic. The units are well laid out and have balconies to the rear of the property. The two top-floor units have spacious, landscaped roof terraces. The property also has an underground garage with 14 parking spaces. The property has been continuously maintained in recent years and the units have been successively renovated or refurbished as tenants have changed. The parquet floors have been refurbished, the walls plastered and filled, fitted kitchens installed and some of the bathrooms modernized.
The sellers from Hamburg would like to restructure their real estate portfolio. The buyer is an experienced real estate investor who acquires properties both privately and for his group of companies through our company.
Charming residential and commercial building in Wrangelkiez in Kreuzberg
Built around 1900, this residential and commercial building houses 30 apartments and two commercial units. The apartments are spread over a main building, a side wing and a transverse building. Two well-kept stairwells and an elegant entrance area provide access to the units. The property features numerous old building elements such as marble in the entrance area, historic doors and high ceilings, which lend it a special charm.
The sellers are two private individuals who inherited the building from their parents. The buyer is a family that acquires real estate for its own portfolio. They attach great importance to a pleasant living environment and fair treatment of the tenants.
Fully let residential and commercial building in Karlshorst
The property is a residential and commercial building built around 1890 with twelve apartments and four commercial units spread over three full storeys and the partially converted attic in the front building as a corner development. The property is accessed via two well-kept stairwells and presents itself in a well-kept condition, both technically and visually. Numerous old building details, such as decorative stucco façades, historic doors and corresponding ceiling heights, are present in both the apartments and the stairwells.
The sellers are two brothers who wanted to part with the property after a decade. The buyer is an experienced private investor from Vienna who is expanding his portfolio in Karlshorst with this purchase.
Classic old Berlin residential and commercial building in Westend
The property is a residential and commercial building constructed in 1909. It comprises 25 residential units and three commercial units spread over five floors and a partially converted attic. The building is divided into a front building, side wing and transverse building and is accessible via three excellently maintained stairwells. Both technically and aesthetically, the property is in excellent condition. Authentic old building elements such as artistically designed wooden doors, generous ceiling heights and detailed stucco lend the property its unique charm.
The seller is a long-standing private investor from Berlin, while the buyer is an experienced professional from the real estate sector who has been active in Berlin for many years. The entire sales process ran efficiently and smoothly.
Residential and commercial building on Tempelhofer Feld in Neukölln
The corner building is a residential and commercial building built around 1910 with 36 apartments and two commercial units spread over five full floors and an unfinished attic. Old building details such as decorative stucco in the entrance areas and corresponding ceiling heights are present and lend the property a special charm. The apartments were refurbished when the tenants changed and fitted with fitted kitchens and modern bathrooms. The 24 balconies have an unobstructed view to the west over Tempelhofer Feld.
The buyer is an institutional client that specializes in the energy-efficient refurbishment of its properties. The seller is a fund from Hamburg.
Seepassage residential complex in Erkner near Berlin
The "Seepassage" residential complex with a direct waterfront location, built in 1998, comprises: 135 residential units, 22 commercial units and 147 underground parking spaces. Each residential unit is equipped with a loggia or balcony and all units benefit from district heating as well as elevator and stairwell access. The complex is not only technically but also visually in excellent condition. Another highlight is its central location, including its proximity to the Tesla Gigafactory and excellent public transport connections.
The sellers were four private individuals, while the buyer was a global investment company from the private equity sector headquartered in Switzerland. The buyer has thus strategically expanded its real estate portfolio in Germany.
Well-maintained residential and commercial building in sought-after residential area of Neukölln
The property is a residential and commercial building built around 1900 with 31 apartments and three commercial units spread over five full storeys in the front building, side wing and transverse building. Numerous old building details, such as historic doors, representative banisters and stucco decorations, are present and lend the property its special charm.
The buyer is an institutional client who has focused on properties in need of energy-efficient refurbishment. The seller is a fund from Hamburg that acquired the property ten years ago via Engel & Völkers.
Well-kept old building in a central location in Lichtenrade
Built around 1907, this residential and commercial building offers two commercial units and seven residential units. All units are equipped with gas heating and some have loggias or balconies. The property stands out thanks to its central location, excellent public transport connections and outstanding infrastructure. The property has been partially renovated and is very well maintained.
The vendor has owned the property for over half a century. The buyers, two brothers with an existing real estate portfolio in Berlin, plan to hold the property for the long term.
Apartment building in sought-after location in Karlshorst
The property is an apartment building built around 1930 with five residential units. The property is in good condition both technically and visually. The property was completely renovated in 1994, including the electrics and the supply and sewage pipes. In 2009/2010, the property was finally converted into classic apartments.
The property was sold by a family from Munich. The buyer comes from the direct neighborhood of the property.
Apartment building in Neukölln
The property was built around 1911 as a south-facing front building with a right-hand side wing. Its five floors house a total of 18 apartments, all of which have balconies except for the first floor units. The property is in a simple but well-kept condition.
The seller is a renowned retired doctor from Potsdam who acquired the apartment building through us back in 2010. The buyer, an institutional player, specializes in the energy-efficient refurbishment of properties. This is an exciting topic that is becoming increasingly important.
Residential and commercial building in Alt-Treptow
The property is a residential and commercial building built around 1910 with 23 residential and three commercial units. The property consists of a front building, a transverse building and a side wing and is accessed via three central stairwells. Extensive refurbishment work has been carried out over the past four years (e.g. refurbishment of the apartments and sanitary facilities, replacement of the heating system, installation of new windows).
The buyer is an entrepreneurial family from Lower Saxony, who would like to expand their Berlin real estate portfolio due to the attractive prices. The seller is a community of heirs who wanted to part with the property together.
Real estate investments in Berlin will remain attractive in 2024
The market for residential and commercial properties, which combines tradition and modernity and combines local charm with international flair, offers both long-term investment opportunities and dynamic development potential.
The real estate agency Engel & Völkers Commercial is forecasting a very positive development for the Berlin market for residential and commercial properties in the current year. "Thanks to increasing ESG requirements, attractive returns on alternative investments and tax advantages, owners are showing great interest in selling. At the same time, low entry prices and stabilizing capital markets offer investors good opportunities," explains Benjamin Rogmans, Managing Director at Engel & Völkers Commercial in Berlin. He sees the combination of stagnating new construction and growing demand for residential space as a long-term increase in the value of existing properties.
Whether private investors, family offices or professional investors - over 5,000 prospective buyers are currently looking for an investment in all locations of the capital.
Do you know the potential of your property in Berlin?
We will get in touch with you as soon as possible.
Discover top investment opportunities in Berlin
Berlin, the vibrant capital, offers a wide range of attractive investment opportunities. Whether modern residential complexes, historic buildings or high-yield commercial properties - you are guaranteed to find the right property for your investment strategy in our selection of current investment options. Immerse yourself in the world of Berlin real estate and be inspired by the wide range of opportunities.