Purchase of studio apartment in Wedding, Berlin
Hi, I have been offered the chance of buying a studio apartment in Wedding, Berlin. It is 23.5 square meters with a patio and small garden. The address is Bornemann strasse, 13357. How much would I expect to pay for an apartment of this size and in this location?
Many thanks for your help,
I am glad to have an interested visitor on Berlin Germany Fanclub website and I wanted to answer your question as I also started to be interested how much could be such a good looking tiny apartment as you described.
Around 10 years ago we also conducted marketing about real estate prices in Pankow and nearby districts. And I remembered very good one very beautiful 105m² 3 rooms apartment and it had 20m² bathroom. And the price was 56 000€. It was in Wedding.
As for the apartment you consider the price for the apartments at that area this year fluctuates from 1500 EUR/m² to 2000 EUR/m². The exact price defines the seller depending on the market prices. If they hurry they can demand lower prices if not higher. The price also depends on how loud and good the surrounding is. You also mentioned a little garden which will also cost you some money. The price is around 370 EUR/m². Previous years prices for land were a bit lower:
per 01.01.2013: 340 EUR/m²;
per 01.01.2012: 340 EUR/m².
The information we offer can be easily found on internet. As we are local and know a bit regulations and special sources which are in German, we can help our readers. But you should realize that every case is different.
Hopefully this information is helpful.
Good luck with your purchase.