Berlin Neighbourhoods and Real Estate

The city of Berlin has twelve Bezirke or boroughs, and each of them is subdivided into a number of Stadtteile or neighborhoods. They do not have administrative functions, but this division makes it easier for residents to identify with them. The boroughs were 23 in number until 2001, but they were merged in order to reduce administrative costs.

The Western Berlin neighborhoods are Charlottenburg, Dahlem, Grunewald, Kreuzberg, Spandau, Tiergarten, Schoeneberg, Ku’Damm, and Hansaviertel. The richest and most commercial neighborhood in the German capital is Charlottenburg. At its core lies Charlottenburg Palace, one of the most popular attractions of the city. The most popular residential area within this neighborhood is Savignyplatz. There are many bars, shops, and restaurants in the area.

Dahlem is the university neighborhood. There is a wide variety of Berlin properties to choose from here. The area is very well-connected to other parts of the city.

Grunewald translates as “green forest”. Germans place nature and environmental protection among their top priorities, which is why places like Grunewald exist at the heart of the city, something you will not observe anywhere else. This area extends over an amazing 49 sq. km., as big as a town on its own.

Kreuzberg translates as “cross town”. The German word “Kreuzung” means “crossroads” and the name is very fitting because this district is largely populated by immigrants, who have come from all parts of the world. If you are looking for Berlin condos here, you can find studio flats for about 140,000 Euro. What you get is a 1-bathroom condo with a balcony, equipped with hot-water system, central heating, parquet flooring, and partially half baths. Kitchens are fitted with dishwasher, electric stove, and built-in kitchen cabinets. Looking for Berlin rentals in this area? You will pay anywhere between 200 and 900 Euros, excluding utility payments.

Ku'Damm used to be home to the “new money” crowd back in the 1950s and 1960s. Today neighborhoods around the Mitte have assumed this function, and Ku’Damm has acquired the sense of old and established money. Needless to say, Berlin properties here are rather steep where the price is concerned.

Hansaviertel is located to the northwest of Tiergarten park. Its residential properties feature wondrous and fascinating architecture.

Notable districts and attractions in the Eastern part of the city include Alexanderplatz, the Mitte (city center), Museum Island, Hackesche Höfe, Potsdamer Platz, and the exclusive Prenzlauerberg. The last one is notable in that it once was a working-class neighborhood, whereas today it is a hub of commerce and creativity. It boasts a thriving night-life, trendy shops, art galleries, restaurants, and bars.

Looking for Berlin hotels? There is a great variety to choose from – from Radisson Blu Hotel and Hotel Adlon Kempinski to budget options. Radisson Blu, for example, offers standard rooms, guest rooms, and suites, fitted with high-speed internet, well-equipped bathrooms, international television stations, and other amenities.

It is a very good idea to invest in Berlin real estate because the purchase prices are attractive, and you can get high returns. Renting out a property is also a good idea because a lot of people want to live here on a long-term basis and, you will have stable tenants. There is a vast capital growth potential, and the mortgage rates are lower than in the United Kingdom. Germany’s economy was a bastion of stability during the global downturn, and this is reflected in the Berlin property market. The legal system is well-regulated. Amazingly, the property prices in Berlin are lower compared to Budapest, Prague, and Warsaw and much lower than those in London and Paris.