Berlin is a city where the most diverse cultures meet and merge into an independent population. An economic center and at the same time a stronghold of the scene.
If you are looking for an investment property in Berlin, it is impossible to get past the Steglitz-Zehlendorf district without taking a closer look at the beautiful, renovated old apartments and the luxurious new-build projects.
In this article, you will find out what makes the Steglitz district so special, what you need to look out for when searching for a suitable condominium and how high the quality of life is in Steglitz.
The location of the Steglitz district in Berlin
How have purchase prices for condominiums in Steglitz developed?
Real estate prices in Berlin have been trending upwards overall for several years now. This is also reflected in the Steglitz district. In 2017, the average price for condominiums was still €3,113/m ²it rose steadily until 2022. Prices for a condominium now average €4,952/m², which is also slightly below the average for Berlin as a whole, which is currently €5,085/m² (as of December 2022). Although there are no major fluctuations overall within the district, prices in Altmarkstrasse and Ahornstrasse are generally slightly higher than in the rest of Steglitz.
The current lowest purchase price is €3,401/m². The most expensive apartments, on the other hand, average €7,104/m².(as at December 2022)
How high is the rent index in Steglitz?
Rents in Berlin have risen continuously in recent decades. A few years ago, a rent cap was introduced, but this has already been lifted. As Berlin is not only popular with its residents, but several thousand new people move in every year, it is becoming increasingly difficult to find an affordable apartment.
The district of Steglitz is characterized by its central location, which is also associated with a high degree of tranquillity. Hardly any other district is as green as Steglitz-Zehlendorf.
The average net cold rent in Steglitz was in the third quarter of 2022 was € 13.90/m². Over the last three years, the price trend has developed practically in parallel with the overall Berlin average (currently €14.90/m²) and has always been slightly below it. Even if the rent level in Steglitz is already considerable, the upward trend is expected to continue in the coming years, which makes the district particularly interesting for investors. Steglitz has great potential, which numerous investors have already recognized.
How high are property prices in Berlin Steglitz?
While the average standard land value in Berlin Steglitz was still around € 295/m² in 2013 it will already amount to €1,105/m² in 2022. There was therefore a significant increase between 2013 and 2021.
The lowest standard land value is currently recorded at Alter Upstall / Freimüllerweg
at €650/m². Haderslebener Strasse continues to have the highest prime land value in Steglitz at €2,000/m². This increased by 17.65 percent compared to the previous year .
It is expected that this trend will continue in the coming years and that the standard land values in Steglitz will continue to rise.
Buying or renting a condominium in Steglitz?
Many people are faced with the question of whether they would rather buy a property or not . should rent or buy. First of all, it must be emphasized that there is no one-size-fits-all answer to this question, because which decision is ultimately the right one depends on various factors.
In most cases, the decision will probably be based on the basic rent due on the one hand and its future increase against the purchase price due on the other, the interest on the loan and the property maintenance to be paid. house allowance to be paid.
One of the crucial questions is also: do you want to use the condominium as your own living space or is it a long-term investment? If the former is the case, you need to analyze your personal situation and your budget in detail. How will you cover your monthly expenses financially? How would you like to organize your family life in the near future and where would you prefer to live based on your personal preferences?
Despite high costs and loan interest, buying a property can bebuying a property can be attractive be. However, if life circumstances change and the recently acquired condominium has to be sold again, the losses can sometimes be very high. A compensation payment is usually due to the bank as the loan is repaid early. In addition, the value of the property has usually not risen sufficiently in the short time between purchase and sale to offset possible costs.
Buying a condominium as a long-term investment is a lucrative deal. Prices for condominiums have been rising continuously for decades and there is currently no end in sight to this trend. Steglitz is a district with extremely high potential, as the apartments that are not used by the owners themselves are always rented out. Of course, it is not possible to predict with one hundred percent certainty how the prices of condominiums in Steglitz will develop in the future. However, the trend is clearly positive and indicates that prices will continue to rise in the coming years. Apartment owners benefit from reliable rental income and the abolition of the rent cap a significant restriction on the structuring of rents was lifted to the benefit of landlords.
If you are considering Berlin as an investment location and are analyzing the individual districts and neighborhoods, Steglitz will definitely be on your shortlist. The district is quiet, green and elegant. At the same time, it is family-friendly, diverse and very well connected.
Where are the most beautiful old apartments for sale in Steglitz?
You can find beautiful old buildings in Schönhauser Straße, for example, where renovated condominiums are for sale. In Stephanstraße, you can marvel at imposing buildings that were built at the beginning of the last century and still exude their incomparable charm. Stephanstraße is a quiet street lined with residential buildings and ancient trees. Sometimes you will find large condominiums with up to 6 rooms here, which you should definitely take a closer look at if you are looking for a suitable property for your investment.
On Kniephofstrasse, the traditional, colorfully painted house facades enchant residents and passers-by alike. The street is extremely quiet and has hardly any traffic. It exudes the typical charm of Berlin’s old quarters and, like many other streets, is lined with old trees.
Where are the most beautiful new-build projects in Steglitz?
If you’re wandering around Steglitz looking for the right places to invest, then you should definitely stop off at the new-build project on Albrechtstrasse. This is a large project with numerous condominiums in various sizes. The location is excellent and the design of the new building is extremely elegant.
Poschingerstrasse is home to luxury apartments that have only recently been completed. They are suitable for use as well as an investment property. Due to the quality and location of this property, you must be prepared for high purchase prices. Various new construction projects have recently been or will soon be completed in Steglitz. For prospective buyers It is therefore worth keeping an eye on the real estate market.
Residential areas in Steglitz
In Steglitz you will find both rural idyll and big city flair. Ample green spaces make the district attractive for families with children, who have access to nature on the one hand and only a short distance to the center of the metropolis of Berlin on the other. The architecture of the houses is diverse and ranges from city villas and beautiful old buildings to detached houses and social housing from the 1960s. We present some of the residential areas in more detail below.
The villa district in Steglitz
The villa district in Lichterfelde is known for its extraordinary, stately villas. Here, English country houses meet castles that seem to be from the Middle Ages and villas that exude the unmistakable charm of Tuscany. A stroll through the villa district in Lichterfelde reveals that even 200 years ago, when most of the villas were built, Berlin’s upper middle classes dreamed of living outside the city while still being optimally connected to the center of the capital. Since then, Berlin has expanded rapidly and grown in all directions. Today, the villa district is like an island from a bygone era in the midst of the hustle and bustle of the city. The tour can begin at Lichterfelde West S-Bahn station. From there, you pass the colorful façade of the Emisch House. This is immediately followed by Villa Holzhüter, which was built in the Tuscan style, leading to Kommandantenstraße, which is lined with magnificent villas on both sides. There were architectural specifications for the construction of the villas, which were mixed with the styles of past eras. For this reason, you can find villas in Paulinenstrasse that echo the Tudor style. The façades are decorated with small towers, battlements and even drawbridges. Via Kadettenweg, you return to the S-Bahn station where the tour began. Kadettenweg is also home to magnificent country houses and elegant villas, which give the villa district its unmistakable charm and are well worth a visit.
Thorwaldsenstraße in Steglitz
This street with its old buildings and colorful facades is located not far from the Schöneberger Südgelände nature park. It is dominated by the Vivantes Auguste Viktoria Hospital and has strikingly beautiful residential buildings and old trees. The Thorwaldsen Haus is one of the eye-catching old buildings that have been preserved in their original style. renovated facade immediately catches the eye. The large residential building has a total of 17 apartments with coffered doors, wooden floors and remarkably high ceilings. One part of the building housed a cinema until the mid-20th century, which is why the ceilings here are up to five meters high. The wooden beams have been retained in some of the light-flooded, bright units. The staircase exudes the unmistakable charm of buildings in the reform architectural style, as the building was constructed in 1911. There are commercial units on the first floor and condominiums on the floors above, most of which are still for sale. The apartments have an area of between 65 and 110 square meters, are optimally designed and most have daylight bathrooms as well as spacious kitchens and a balcony.
The Albrechtstraße in Steglitz
If you’re looking for the best residential areas in Steglitz, you can’t go past Albrechtstrasse. The Albrechts-Park residential complex was built around 1910 and was designed by the architect Hermann Buchholz. The residential complex is now a listed building, but this in no way prevents it from being modernized. Most of the apartments in the unmistakable old building style have wooden floors and conservatories. Balconies are planned and, as the windows either face the street with little traffic or the inner courtyard, the noise of the city remains a distant memory.
What makes Steglitz special?
The district of Steglitz is located in the south-west of Berlin and is considered a very idyllic residential area that has much more to offer than charming old buildings and ancient trees.
It is probably the unique combination of extensive green spaces, an excellent infrastructure and a very good building fabric that can be seen in both the old buildings and the new construction projects. Steglitz is a great place to visit for tourists. Those who want to feel like they are in the countryside in the middle of the city can visit the Botanical Gardens or the Steglitz City Park, for example. If you want to go shopping, you can do so on Berlin’s second largest shopping street, Schloßstraße. It is second only to Kurfürstendamm in terms of diversity and size and is extremely popular with tourists and residents alike. The town hall, one of the many emblematic buildings of the Steglitz-Zehlendorf district, can be seen in the immediate vicinity. Nature, retail, tourism and wide-ranging employment opportunities are complemented by a diverse cultural offering. Theaters, cinemas and art exhibitions invite tourists and residents to immerse themselves in the extremely diverse art scene and take advantage of the variety that Steglitz has to offer.
The large district of Steglitz-Zehlendorf radiates a high quality of life and transfers the unbeatable residential ambience to its more than 310,000 inhabitants(as of 30.06.2022).
What is life like in Steglitz?
Buying an apartment in Steglitz gives you access to an idyll in the middle of the city. The district is an excellent place to live, as hardly any other residential area in Berlin is able to guarantee such a high quality of life. Steglitz is a place where you instantly feel at home and are drawn out into the streets to explore the area. Children grow up here in a very relaxed atmosphere and can play in the parks or go to the playground at the weekends. It’s hard to describe how diverse Steglitz is. People live here who want to surround themselves with a green idyll in their everyday lives. At the same time, Steglitz is also relatively centrally located and has excellent connections to the city center and the surrounding districts and boroughs. In Steglitz you will find everything your heart desires. Sports facilities, jobs, culture and green nature – right on your doorstep. Steglitz-Zehlendorf is also the second Berlin district with the most water areas.
How big is Steglitz?
The former borough and current district of Steglitz covers a total area of around 32 square kilometers and consists of the districts of Steglitz, Lichterfelde and Lankwitz. A total of just under 206,000 inhabitants live in Steglitz. (as at 30.06.2022)
Lichterfelde borders on the state of Brandenburg and, together with Lankwitz, has a rather small-town feel, while Steglitz is more reminiscent of a larger city, not least because of the higher rents.
There are several recreational areas very close to Steglitz, such as Grunewald and Wannsee, as well as Schlachtensee and Krumme Lanke.
Land use in the Steglitz-Zehlendorf district (31.12.2021)
How good is the infrastructure in Steglitz?
As already mentioned, the district of Steglitz is far ahead of the rest of Berlin in terms of infrastructure. The main traffic axis is the A103, a city highway that leads to the A100. The most important streets in the district include Grunewaldstraße, Albrechtstraße, Siemensstraße, Steglitzer Damm, Münsterdamm, Ostpreußendamm, Rheinstraße and Schloßstraße.
The S-Bahn line S1 and the U-Bahn line U9 run through Steglitz and connect the idyllic district with the center of Berlin. Due to its importance as a shopping street, Schloßstraße is particularly well connected. From other parts of Steglitz, buses will take you to the nearest S-Bahn or U-Bahn station. Lankwitz and Lichterfelde are also connected to the transport network by the S26 and several bus lines.
Relaxed parking situation in Steglitz thanks to resident parking
As a resident of Steglitz, you also have the option of applying for a resident parking permit for your car (or permanent rental car). Provided you are properly registered there and can present your registration certificate.
Parking permits for residents can be applied for in three ways:
- You can complete the application conveniently online
- To apply by e-mail, please complete, sign and send your documents to the e-mail address of the Steglitz-Zehlendorf district office: parkausweise@ba-sz.berlin.de
- You can send applications by post to this address:
Bezirksamt Steglitz-Zehlendorf von Berlin
Bürgeramt Steglitz
14160 Berlin
The cost of a resident parking permit in Steglitz is 20.40 euros and it is valid for two years. After the two years have expired, you can apply for a new parking permit at any time. The processing time is around four weeks. (as of December 2022)
More detailed information on further requirements and necessary documents can be found on the website of the Service Portal Berlin.
Demographic facts about the Steglitz district
Overall, all age groups are represented in Steglitz. Young families choose the district in particular because of the remarkably good educational opportunities. They want their children to grow up in the immediate vicinity of the city and still be able to play in the countryside. Young adults who are moving out of their parents’ home and looking for a place to train or study, on the other hand, usually move away from Steglitz. The prices exceed their budget and they want to look around in other parts and districts of Berlin.
Steglitz itself is home to 75,893 people. Lichterfelde adds 86,188 residents and Lankwitz has 43,879 inhabitants. The Steglitz district thus has a total of 205,960 inhabitants. (as at 30.06.2022)
Population structure in the Steglitz district (as at 30.06.2022)
The group of 18 to under 45-year-olds makes up the largest proportion of the population in the Steglitz district at just under a third. The proportion of 45 to under 65-year-olds is just over a quarter, while the proportion of those aged 65 and over is just under a quarter. The smallest share of around 16 percent is accounted for by the group of children and young people up to the age of 18. Although the age structure in Steglitz is therefore quite balanced overall, it is also clear to see that those born since the early 2000s are only almost half as numerous as those born between the end of the 1970s and the beginning of the 2000s. ( as at 30.06.2022)
Residents of the Steglitz-Zehlendorf district by marital status (January to June 2022)
Which parties are elected in Steglitz-Zehlendorf?
The Steglitz district is combined with Zehlendorf as a constituency. In the 2021 Bundestag election, the CDU came out on top in the Steglitz-Zehlendorf district. However, it was followed relatively closely by the SPD and the Greens. In the second votes, the SPD was able to collect the most votes, but the gap to the CDU and the Greens is only small.
The FDP, AfD and DIE LINKE each received less than 10% of the first votes, far fewer than the three leading parties. The difference is also evident in the second votes. DIE LINKE even remained below the 5 percent mark. (as at 18.10.2021)
What cultural offerings does Steglitz have to offer?
If you are interested in culture, you should definitely attend an event at the Schloßpark Theater. The offer is varied and includes readings, cabaret performances, musical theater performances, spoken theater performances and concerts. Be sure to visit one of the numerous art exhibitions that take place in Steglitz in the beautiful small and large studios.
The range of sports on offer is at least as diverse as the cultural offerings in Steglitz. Sports courses are offered for all age groups and the district invites its athletes to train daily and find like-minded people with gyms and running clubs.
Steglitz is close to the Charité Benjamin Franklin campus and the Free University. Although the cost of living in Steglitz is too high for many students, numerous academics and professors appreciate the high quality of living in Steglitz. district.
Conclusion
Steglitz is a districtwhich you should definitely take a closer look at in your search for the right property. Hardly any other District Berlin is able to offer its residents such cultural diversity and combine this with an excellent infrastructure and attractive job opportunities. Steglitz is a place where you instantly feel at home. As you stroll through the residential areas with their stately old buildings, you will notice that the District also has a great deal of rural charm. It’s hard to believe that this can be found so close to Berlin’s bustling city center.
