Berlin's market for multi-family homes and residential and commercial properties proved more resilient than projected in the second quarter of 2026. This is according to the "Apartment Building Market Report Berlin QII 2026" published by SCHICK IMMOBILIEN, which is based on data from the Berlin Expert Committee for Property Values. After a subdued start to the year in the first quarter of 2026, a significant recovery in sales and market activity ensued. The market data illustrate that, despite global uncertainties such as the Iran crisis, fluctuating oil prices, and interest rate developments, the market exhibits remarkable stability, signalling a return to a long-term stable trend observed since 2024.
The transaction volume reached a total of 901.6 million EUR in the second quarter of 2026, representing an increase of approximately 47 percent compared to the same quarter of the previous year (613.2 million EUR). The number of transactions rose from 166 in the second quarter of 2025 to 179 in the second quarter of 2026, an increase of about 8 percent. These figures demonstrate a significant revival of investment activity in the Berlin apartment building segment.
The price development in this market environment is particularly noteworthy. An initial analysis of data from the Berlin Expert Committee for Property Values, which covers approximately 27 percent of all transactions, shows that the price level for multi-family homes in the second quarter of 2026, at approximately 2,062 EUR per square metre of living space, was slightly below the 2025 annual average (2,285 EUR per square metre, a reduction of approximately 10 percent). In contrast, residential and commercial properties sold in the same period recorded a significant price increase of about 11 percent. At an average of 2,342 EUR per square metre of living/usable space, they surpassed the average price of the previous year (2,110 EUR per square metre).
Jürgen Michael Schick, Managing Director of SCHICK IMMOBILIEN and editor of the report, commented on the findings: He stated that the current data demonstrate the resilience of the Berlin apartment building market. The figures were remarkable, especially given the ongoing geopolitical and macroeconomic challenges. However, the further development of market activity and price levels in the second half of the year remains to be seen.
Regional Differences within Berlin
Within Berlin's districts, the second quarter of 2026 showed significant deviations in both average property prices and market activity. The highest average property price, at about 10.7 million EUR, was registered in Tempelhof-Schöneberg, while Marzahn-Hellersdorf recorded the lowest values at approximately 0.9 million EUR. Transaction activity was also unevenly distributed. Pankow led the ranking with 26 transactions, while Marzahn-Hellersdorf was at the bottom with only two transactions.
Regarding transaction volume, Pankow also led with approximately 166.9 million EUR, which corresponds to nearly one-fifth of the total Berlin quarterly turnover. Marzahn-Hellersdorf recorded the lowest volume here with 1.8 million EUR. These disparities highlight the heterogeneous market dynamics within the various Berlin districts.
