Berlin: Prices for construction sites up 36 % to €946/sqm

05/08/2019

The average price for vacant construction sites in Berlin was €946/sqm last year, 36 % more than in 2017. According to figures compiled by the Berlin-Brandenburg statistical office, the year saw 908 sales (+2.6 %) totaling 1.7 million sqm construction land (-21.4 %) for €1.3bn (+12 %). In the Mitte district there were 19 such transactions for 21,000 sqm, which went for an average of €2,750/sqm. The square meter price in the 28 land sales of 59,000 sqm in Charlottenburg-Wilmersdorf was nearly as high. The priciest land deals were recorded in Friedrichshain-Kreuzberg: €4,482/sqm was the average price of the twelve sales of 56,000 sqm in that district. At the lower end of the scale is Treptow-Köpenick with €208/sqm, where 109 building sites with a total of 211,000sqm were sold.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 510,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany’s leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.