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Berlin District: Mitte

INTECO Real Estate > Articles > Berlin Districts > Berlin District: Mitte
Berlin District: Mitte
Район Берлина: Mitte (Митте)

Mitte area: the modern rhythm of historic Berlin

The Mitte District is the historical center of Berlin with a rich thousand-year history and world attractions. Within walking distance are Museum Island, the Brandenburg Gate, the visiting card of the city – Unter den Linden Boulevard, the most beautiful squares of the capital Gendarmenmarkt and Pariser Platz. The cultural part of the city is combined with the complex of the government quarter: the Bundestag and the Bundesrat, with the buildings of ministries and embassies, with large offices of Western and leading German companies. Within minutes are Potsdamer Platz and Sony Center, Alexanderplatz square, Hackesche Höfe and Nikolai quarter.

The quarter stretching along Friedrichstrasse is the prestigious business center of Berlin. For example, in a luxury residential building, the cost per square meter will vary from 5.500 to 7.500 euros.

The architectural landscape in this area is a lush mixture of modernized unique housing stocks of the late XIX – early XX, residential areas of the GDR building – panel high-rise buildings and residential complexes “Stalin”, intended for senior management and the party elite. Foreign investors are rapidly exploring the most central area of the city.

Next to the historical buildings erect the most modern residential complexes, with a guard, a swimming pool, its own gym and panoramic terraces. If a few years ago a large number of new residential buildings were being built in the area, now there are free plots for development worth its weight in gold, and demand is far ahead of supply.

On average, in the Mitte area, the cost per square meter in an old housing stock is about 5.000 euros, in a new building about 6.500 euros. Compared to other European capitals, such as London or Paris, the German capital remains profitable for investors. The price per square meter of rental housing varies from 8 to 24 euros / m², depending on the location and level of comfort.

Cafes, shopping centers, the largest number of Michelin-starred restaurants, educational and medical institutions, sports clubs, pools, green parks for walks are concentrated in the Mitte District.

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