THE MARKET PRICE TREND IN BRANDENBURG & POTSDAM

A detached house in Brandenburg currently costs around 400,000 euros. For houses in Potsdam, the price per square meter is 6,150 euros, which would amount to a whopping 1 million euros for a detached house. You can find out how prices on the Brandenburg and Potsdam real estate markets have developed in recent years here.

How has the market developed in recent years?

In both real estate markets, prices for properties – apartments and houses – have risen. With a price per square meter of €2,746, Brandenburg recorded an increase of 18% in 2022 compared to the previous year. In 2021 it was 16% and in 2020 12%. In Potsdam, the average price per square meter for houses is €6,150, also an increase of 18% compared to 2021. A look at neighboring Berlin (€5,580/sqm: as of 2022) and the surrounding area shows that All real estate markets are seeing price increases, although these are rather moderate in Brandenburg compared to other areas of Germany. Initial forecasts suggest that prices will stagnate.

Has the coronavirus pandemic had an impact on property prices?

The coronavirus pandemic has not had any noticeable impact on the real estate market. Nor has the price bubble burst, as initially suspected. On the contrary: property prices have risen in recent years and the coronavirus pandemic has actually boosted demand for residential property. For most people, investing in concrete gold is still considered the safest form of investment. In addition, the biggest price driver remains: high demand, few offers.

Are there advantages for owners?

Sellers are currently benefiting from the high property prices and high demand. Depending on the location and property, they don’t have to worry about potential buyers or fear that the sale price will be too low. Demand for affordable housing remains high, particularly in Berlin, Potsdam and some regions of Brandenburg.

What are the advantages for prospective buyers?

Owners who were unable or unwilling to sell their property during the corona period are now offering it, which can lead to an increased supply on the market. The market could also improve for prospective buyers in the long term if, for example, owners have to sell their property as a result of job losses during the coronavirus crisis.

Whether you are selling a property in Berlin or buying a property in Brandenburg, good advice is always useful. Our team of estate agents will be happy to advise you personally and provide professional support for your project. Get in touch with us!