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


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.

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