Selling property in Prenzlauer Berg (Berlin): Costs, sale and procedure – Tips

Selling property in Prenzlauer Berg – selling an apartment, apartment building or your own property. In the most populated administrative district of Pankow is the district of Prenzlauer Berg. It is a family-friendly neighborhood where young families can build a cozy and peaceful life. Thus, the cozy place to live is in no way inferior to the nearby districts of Kreuzberg and Charlottenburg. Do you also want to sell your property here? Whether it’s a historic half-timbered house, a comfortable semi-detached house or a spacious granny flat – here you’ll find all the advice and tips you need to sell your property successfully and efficiently. Plus a comparison of prices per square metre, factors for a successful property valuation and the most important documents! Welcome to Berlin-Prenzlauer Berg. Back to Real Estate Berlin.

Prenzlauer Berg: Cosy and family-friendly district

The German capital Berlin is not only a renowned university city, but also the hub of European business. As one of the most international locations in Europe, both German and global companies are at home here. The German metropolis of art and culture is therefore an attractive place to live and enjoys great popularity not only among entrepreneurs and investors, but also among families, couples and students. The diverse cityscape, the cultural variety and the very good infrastructure also make Berlin one of the most popular metropolises in Europe.

Prenzlauer Berg: Facts and figures

The quiet district of Prenzlauer Berg is located between Weißensee and Friedrichshain in the Berlin district of Pankow and was once an independent and autonomous district.

Find here all facts and figures at a glance:

  • State: Berlin
  • Administrative district: Pankow
  • Altitude: 91 m above sea level
  • Area: 10.955 km²
  • Population: 165,003 (Dec 31, 2019).
  • Population density: 15,062 inhabitants/km²
  • Postcode: 10119, 10247, 10249, 10369, 10405, 10407, 10409, 10435, 10437, 10439, 13187, 13189
  • Area code: 0301
  • License plate number: B

District: map and location

While the popular districts of Schöneberg, Kreuzberg and Charlottenburg are in the south of the city, Prenzlauer Berg is in the north. So not only is Berlin Mitte a short drive away, but so are the city’s biggest monuments and hottest hotspots.

With organic and delicatessen shops and high-quality loft apartments, this neighbourhood impresses with its high quality of life and living. In addition, this residential area inspires not only with its historical monuments and convenient coffee shops, but also with the variety of pretty green spaces and parks.

See more on Streetview here:

Sell real estate: Apartment, house, apartment building

So you want to sell your property in Berlin-Prenzlauer Berg? In order to present your property as professionally as possible, it is advisable to call on the expertise of an experienced real estate agent. After all, a property sale always involves a lot of organisation and time, and not only you but also your buyer are interested in a quick and efficient transaction. Especially with regard to the different types of houses and apartments, the respective sales processes differ. Whether villa, maisonette or bungalow – here you will find all the guides and tips at a glance:

The most important step in determining the purchase price is the appraisal of your property:

Real estate valuation: Valuation for the sale of real estate

The property valuation determines the purchase price of the property. If the price is too low, you lose money. If the price is too high, it scares off potential buyers. But how can you value your property correctly? Here it depends not only on the different types of real estate, but especially on one thing:

Location, location, location

The year of construction and the equipment of the property, as well as the infrastructure of the residential area are also important factors in the property valuation. Learn more here:

Real estate sales Prenzlauer Berg: Prices per square meter, city comparison & Co.

Depending on size, location and condition, houses for sale currently fetch between 308,000 euros to 1,602,000 euros – would you have thought? In fact, there are not only beautiful properties to discover in Berlin-Prenzlauer Berg. Artists’ quarters and cosy cafés, those who live in Prenzlauer Berg like the quiet, comfortable life. Accordingly, it is worthwhile for sellers to think about taking advantage of the good location.

Depending on size, location and condition, houses for sale currently fetch between 308,000 euros and 1,602,000 euros.

Many events in life bring change, positive and negative. The new job in the capital and the resulting move for the whole family. But some are also hit by a separation or divorce. For some sellers in Berlin-Prenzlauer Berg, the situation is also extremely unexpected, with the sudden death of a loved one and the subsequent estate.

Statistics: Price per square meter for condominiums – comparison

Here you can see how Berlin has now risen to become the 5th most expensive city. Of course, you as a property owner also benefit from the rising purchase prices in the German capital.

Here are the cities with the highest condo prices per square foot comparing 2015 and 2020:

  • Munich: +59%
  • Stuttgart: +66%
  • Düsseldorf: +61%
  • Hamburg: +60%
  • Berlin: +55%

Statistik: Städte mit den höchsten Quadratmeterpreisen für Eigentumswohnungen im Vergleich der Jahre 2010 und 2018* (in Euro pro Quadratmeter) | Statista

Private sale: sales process & important documents

Selling privately? That means a lot of time, countless documents, appointments and stress with interested parties. Whether it’s a plot of land, an apartment or a multi-family house – if you decide to sell your property privately in Berlin-Prenzlauer Berg, this means investing a lot of time. From the appraisal to the creation of the exposé, to the customer approach and the sales phase, months will pass without any knowledge of the market. Because even before the sale, you must not underestimate the preparation time, for example, with regard to the possible backlog of renovations. In addition to the many works on the condominium or the house, there are all the preparations for the sale.

Do not underestimate the time and organization of a real estate sale

Preparation of the exposé: overview of ancillary costs, extract from the land register & energy certificate

Did you know how many documents you need just to create the exposé? You need not only an overview of the last renovation measures, but also all possible insurance documents, as well as meaningful pictures.

Here are all the important documents at a glance:

  1. Documents relating to the property (site plan, building plan, etc.)
  2. Other plans (building encumbrance register, cadastral plan, waste water plan)
  3. Overview of the latest renovation and modernization measures
  4. Insurance documents (fire insurance)
  5. Overview of ancillary costs
  6. Land register excerpt
  7. Energy certificate
  8. Pictures of the object

A reliable real estate agent takes care of your concerns and wishes. If you are also affected by a spontaneous sale, by moving and new job, separation and divorce or even by the death of a loved one. Good real estate agents take you the organization, support through a good network and achieve a quick sale with a good selling price.

Professional house sale in Berlin: Advantages of the real estate agent

The district of Prenzlauer Berg is not only popular with native Berliners. Formerly a trendy district, today a place where families settle. If you sell your property professionally, you will save a lot of time and benefit from the possibility to achieve the best sales price and find new owners for your apartment or house in a short time. At the same time, you can decide without a change and stress in your daily life, because all the preparations and the sales transaction itself will be done directly by our online real estate agents.

Real estate agent takes over all preparations and sales handling for you

Mistakes when selling a house: Lack of know-how & poor preparation

Whether Friedrichshain-Kreuzberg, Wannsee, Wilmersdorf or Prenzlauer Berg – the error rate is high in private sales and does not manifest itself solely in the over- or undervaluation of the property. Potential buyers are always interested in lowering the price and entering into negotiations with you. Only with a lot of know-how and expertise you can lead these discussions in your sense and exclude that you go in for an offer that gives you a headache afterwards.

The procurement of documents and the organisation of viewing appointments alone is time-consuming and expensive. Once you decide to sell your property through an agent, you will receive some advantages in Berlin and can sit back and relax while the sale takes place professionally and on your behalf.

Read more here: Selling property in Berlin

The biggest mistakes private real estate sellers make:

  • Overpricing
  • Undervaluation of the property
  • Too little time
  • Poor organization
  • Missing documents

Frequently asked questions for sellers

Here are 9 questions you need to ask yourself as an owner before selling:

  1. Do you have a follow-on property in mind?
  2. Is there a need for renovation / refurbishment of the apartment?
  3. Are all records and documents available?
  4. Are early repayment penalties payable?
  5. Are the declaration of partition, building insurance, minutes of the owners’ meeting, utility bills, list of rents, etc. available?
  6. Are there lists of the maintenance of the condominium (maintenance costs)?
  7. Should inventory be sold?
  8. Is there a right of first refusal?
  9. Value of the apartment?

Tasks of the real estate agent: Valuation of land, apartment & apartment building

You know how much money you invested in the purchase of your condominium or house in Berlin at the time. Times have changed and land prices and prices per square metre have risen. If you rely on the original purchase price and perhaps include modernizations that have taken place, you are still offering the property below its actual value. A professional market value appraisal eliminates this faux pas and prevents you from losing money and selling a property below the achievable price.

Don’t sell your property for less than it’s worth!

Incorrect pricing & incomplete documents

It is equally risky if you use emotion to determine the price and estimate a higher sales price. Even if the demand for property in Berlin-Prenzlauer Berg is high, your property will wait a long time for a buyer if the price is too high. Another mistake is based on incomplete documents, which pose major problems in handling the sale. When hiring a real estate agent, you also do not have to worry about obtaining the important documents on your own.

Sale of real estate on behalf of the owner

Whether condominium or apartment building – due to the high demand and the tightening supply, you benefit from a high market value, which we determine for you based on all concise facts and take as a basis for the offer price. Nothing stands in the way of a quick sale if you trust in our expertise and decide to offer your property professionally. We would be happy to advise you in detail on the opportunities we offer you as an online real estate agent with the sale of properties in Berlin-Prenzlauer Berg.

Sell property in Berlin

Selling real estate in the capital? For years, the number of inhabitants in the federal capital has been steadily increasing. More and more people from distant counties and federal states decide to move to Berlin. What do you have to consider? Costs, sales value and handling? We offer all the necessary information in the following article:

Do you already know? Berlin-Pankow

Prenzlauer Berg is in the direct vicinity of the Berlin district of Pankow. What is the situation like there when it comes to selling real estate? What characteristics and special qualities does the district have to offer? More information on the topic of real estate sales in Berlin-Pankow, you will find in the following article:

Berlin: Real estate in the capital

Capital, university city, historical stronghold and as an international location an attractive place to live for families, couples, singles and students. Accordingly, Berlin faces a continuously growing population due to immigration.

Living in Berlin

In Berlin, city districts are called Kiez. We present the most beautiful neighborhoods of the German capital and tell you where you can buy the best, highest quality and most exclusive properties to set up your new home, or which neighborhoods are best suited to invest in a property as an investment. We present you here the most popular residential areas.

Sell, buy and live in Berlin

Berlin offers everything from fashion, art, finance, start-ups, and the list goes on. There is hardly a person who would not find their passion in this city of 3.75 million. This is also evident in the sprawl of the city and the different districts. For this reason it is often described as’ many cities in one’. A walk through Berlin-Mitte is very different from Kreuzberg and Prenzlauer Berg is not often confused with Zehlendorf.

Buy, rent and sell real estate in Berlin – Berlin is not only in Germany the “place to be” when it comes to real estate, in all of Europe and worldwide Berlin is known. Next to London and Paris, Berlin is the hotspot in Europe for Europeans themselves, tourists and real estate investors. Here you will find the big overview, on the subject of buying, selling, renting, investment and everything else you need to know about the Berlin real estate market.