Germany · Europe · Population: 3,700,000
Berlin is moderately affordable compared to major global cities, with significant price corrections underway. The city has moderate rental prices. At $350,000 average home price in Germany, buyers should consider the 8.5x price-to-income ratio when planning a purchase.
| Average Home Price | $350,000 |
| Price per sqm | $5,800 |
| Price-to-Income Ratio | 8.5x |
| Mortgage Rate | 3.5% |
| 1-Year Price Change | -3.2% |
| 1-Bedroom Apartment | $1,200/mo |
| 3-Bedroom Apartment | $2,000/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $41,000/year |
| Years to Buy (at median income) | 8.5 years |
| Local Currency | EUR |
With a price-to-income ratio of 8.5x, Berlin requires significant savings to purchase property. At a mortgage rate of 3.5%, monthly payments could consume a large share of income. Home prices have decreased 3.2% in the past year.
Cities worldwide with home prices closest to Berlin
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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