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SELL YOUR PROPERTY IN BOXHAGENER KIEZ

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Located east of Friedrichshain, Boxhagener Kiez emerges as one of Berlin’s most sought-after and esteemed micro-districts. Fondly nicknamed “Boxi” by locals, this neighborhood has undergone significant expansion over the past decade, transforming its landscape into a trendy and lively area. Once confronted with various challenges such as Berlin’s division and GDR control, Boxi has undergone a complete makeover through extensive renovations of its buildings, resulting in the creation of vibrant living and leisure spaces.

Today, Boxhagener Kiez boasts remarkable architectural harmony, blending new structures seamlessly into the urban fabric alongside carefully restored authentic altbau buildings, thus enhancing the neighborhood’s unique charm.

As a true center of life, social interaction, and activities, Boxhagener Kiez has established itself as one of the most prominent real estate destinations in the German capital.

If you are considering selling your property in Boxhagener Kiez Friedrichshain, this article provides an overview of the reasons that make this neighborhood an attractive choice for real estate sellers.

Discover how our agency, as an international partner, can expertly guide you through this real estate selling adventure in Friedrichshain. Welcome to exploring the real estate market at the heart of the capital.

The geographical location of Boxhagener Kiez.

Nestled in the east of Berlin, the lively neighborhood of Boxhagener Kiez offers an ideal geographical location, both central and well-connected.

Location in the Heart of Friedrichshain: Boxhagener Kiez, situated in the Friedrichshain district, is renowned for its characteristic charm and rich history. Over the years, it has preserved remnants of its past, with period buildings, a dynamic cultural scene, and green spaces.

Access to Public Transportation: One of Boxhagener Kiez’s major assets is its excellent public transportation network. Among the available transport options are:

  • Subway (U-Bahn): The Samariterstraße station (U5 line) provides quick access to the city center.
  • Tram (Straßenbahn): Several tram lines facilitate travel to different parts of the city. For example, the M10 line easily connects Friedrichshain and Prenzlauer Berg, despite their distance, thus creating a smooth connection between these two urban hubs.
  • Bus: Local bus lines ensure convenient circulation throughout the neighborhood.

Major Roadways: For travel by car, the neighborhood is also well-connected to Berlin’s main roadways. The Frankfurter Allee and Warschauer Straße, two important thoroughfares, are nearby, offering easy access to highways and roadways connecting Berlin to other destinations.

 The Past of Boxhagener Kiez: The Promising Evolution of the Micro-District.

The origins of Boxhagener Kiez can be traced back to the time when Berlin was divided by the wall, with the neighborhood situated on the eastern side of the city. During this period, it developed a unique character influenced by the history of the German Democratic Republic (GDR).

Following the fall of the Berlin Wall in 1989 and the subsequent German reunification in 1990, Boxhagener Kiez underwent significant changes. The neighborhood saw new opportunities for development, underwent substantial renovations, and experienced a cultural revival. Formerly used spaces were reimagined, contributing to the neighborhood’s transformation.

In the past decade, Boxhagener Kiez has experienced a surge in development, attracting investors, artists, and residents seeking a distinctive urban lifestyle. Extensive renovations on buildings have modernized the area while preserving its historical charm. The renovated old altbau buildings seamlessly coexist with modern constructions, and numerous new housing units have been created, fostering the neighborhood’s growth.

Today, Boxhagener Kiez has evolved into more than just a residential area; it has become a vibrant cultural and social hub. From artistic cafes to emerging galleries, the neighborhood appeals to those in search of a lively and diverse social environment. This transformation has elevated Boxhagener Kiez to a prominent real estate destination in the German capital.

The Real Estate Market Trends in Boxhagener Kiez

Real estate sales in Friedrichshain, particularly in the micro-district of Boxhagener Kiez, are increasingly emerging as a top choice, currently holding a privileged position in the market. It is therefore essential to grasp the current trends and opportunities to make informed decisions. This analysis offers an overview of the dynamics at play in this context.

Heritage Preservation Area

The Boxhagener neighborhood was designated as a heritage preservation area in 2021. This led to a reassessment of the region, resulting in a steady increase in property prices over the years, with demand remaining high. Consequently, someone looking to sell real estate in the Boxhagener neighborhood can expect higher returns compared to most other micro-districts in Berlin. The exceptional location and excellent condition of the housing justify these price increases and ensure a positive outlook.

The obligation for energy renovation

It concerns all property owners, under the Building Energy Act (GEG) that came into effect in 2020 and has been revised multiple times since. It is crucial that property owners do not take the obligation lightly. In case of non-compliance, a fine of up to 50,000 euros can be imposed.

In the event of a change of ownership, the new owner is obligated to comply with the requirements of the GEG. The new owner has two years from the move-in date to carry out these renovations.

Additional rules regarding the renovation obligation during the replacement of the heating system are scheduled to take effect from 2024.

An Established and Solid Real Estate Market

Over the past decade, real estate prices in Friedrichshain have experienced a steady increase, thereby demonstrating the stability and confidence of both buyers and investors in the market. Indeed, we have seen a transition from approximately 2,800 euros per square meter to around 6,000 euros. This progression has positioned Friedrichshain as one of the most sought-after neighborhoods in Berlin.

A Constant Demand

Friedrichshain continues to experience persistent demand in the real estate market, attracting a diverse range of buyers. Demand, especially for unrented properties, remains strong, with a significant housing shortage in most micro-districts of Friedrichshain. The micro-district of Boxhagener Kiez is particularly affected by this phenomenon, emerging as the most sought-after within the entire neighborhood. The proximity to the city center, modern amenities, and cultural richness of the area all contribute to maintaining this attractiveness. Furthermore, Friedrichshain is drawing interest not only from local buyers but also from foreign investors. This persistent demand clearly indicates the neighborhood’s growing expansion, significantly increasing the chances of quickly finding a buyer for your property.

Architectural Diversity

Urban development projects have introduced notable architectural diversity. Alongside well-preserved historic buildings, new contemporary constructions offer diverse options, catering to the varied preferences of potential buyers.

 Influence of Nightlife

The vibrant neighborhoods and dynamic nightlife of Friedrichshain play a significant role. Buyers, especially the younger generation, are drawn to the constant energy of the area, resulting in increased interest in residential real estate.

The complexity of certain regulations

The regulation of the “Milieuschutzgebiet” in Berlin aims to protect established tenants against the risks of eviction related to abrupt rent increases. Selling real estate in these areas is subject to strict rules, including the municipality’s right of first refusal, which has two months to decide whether to purchase the property.

Potential buyers must adhere to certain conditions, such as municipal approval to convert a rental property into condominiums, which is rarely granted. Renovations also require municipal approval. Selling in these areas requires a thorough understanding of the regulations and the search for suitable clients, often interested in a long-term investment strategy.

Our agency is familiar with the regulations in force in the protected sectors of Berlin. With our in-depth expertise, we have the necessary skills to effectively market your real estate property.

The evolution of prices in Boxhagener Kiez

The Karl-Marx-Allee, an iconic avenue in Berlin, represents an architectural example of Stalinist style. It is often regarded as a symbol of East German socialism.

Over the years, Friedrichshain has undergone significant evolution in the real estate market, reflecting a dynamic shaped by various factors. Analyzing the price evolution in this Berlin neighborhood provides insight into the economic and real estate transformations.

When examining the price evolution specifically in Boxhagener Kiez, it is evident that the neighborhood has experienced a significant increase over the years. To provide a more precise idea of current prices, the average selling price for an unrented apartment in Boxhagener Kiez ranges between €5,500 to €7,500 per square meter (with an average of €6,500 per square meter), compared to €5,300 in Berlin. For a rented apartment in Boxhagener Kiez, the average selling price per square meter ranges between €4,200 and €5,500.

This upward trend can be attributed to several factors, including increasing demand, the strategic location of the neighborhood, and the often well-preserved condition of the apartments.

  • Persistent demand: The growing popularity of Boxhagener Kiez has led to consistent demand in the real estate market. Residents and investors, attracted by the bohemian charm, dynamic cultural life, and proximity to the city center, contribute to maintaining upward pressure on prices.
  • Strategic location: Boxhagener Kiez’s central location in Berlin makes it a preferred choice. Proximity to public transportation, parks, and urban amenities enhances the neighborhood’s appeal, positively impacting property prices.`
  • Apartment condition and historical character: Well-preserved buildings and the historical character of some residences in Boxhagener Kiez add extra value. Thoughtful renovations and respect for the original architecture help maintain high prices.
  • Housing shortage: The persistent shortage of housing in the neighborhood is a key factor in price dynamics. With demand outpacing supply, sellers have an advantage, influencing prices upward.

However, it is important to keep in mind that property purchase prices can vary considerably depending on various factors such as property size, condition, precise location, energy certification, rented or not, among others. For instance, there may be older but renovated apartments with modern features selling at higher prices, just as there may be modern apartments at more affordable prices.

One of the key features that can significantly influence the selling price of an apartment in Germany lies in its rental status, namely whether it is currently rented or not. The German real estate market is heavily influenced by some of the most tenant-friendly rental laws in Europe.

These regulations typically entail long-term lease agreements, thus ensuring strong rights for tenants. In practice, if the apartment is already rented, this can create uncertainty about when the current tenant will vacate the premises. This uncertainty can potentially lead to a decrease in the selling price, as the buyer cannot be guaranteed a precise date of occupancy of the apartment.

Finally, the choice of neighborhood, or even micro-district, represents one of the most determining criteria in terms of real estate value. Regarding Friedrichshain, Boxhagener Platz stands out as one of the most sought-after micro-districts in the entire Friedrichshain area. It is one of the most dynamic places in Berlin, notably due to its multitude of bars and restaurants, small shops, markets, as well as its wave of renovation over the past decades.

Consistent appreciation in the medium and long term: Data indicates a consistent appreciation of real estate in Friedrichshain over the medium and long term. This reflects a significant appreciation of real estate investments over the years for property owners.

Price variation depending on property characteristics: Depending on the specific nature of your property, there is a notable variation in prices. Indeed, the average asking price stands at €6,000 per square meter for existing properties, while it reaches €9,000 per square meter for new constructions in Friedrichshain. This disparity reflects the diversity of the real estate market in the neighborhood, offering different prospects depending on the specific characteristics of each property.

Kiez/Micro-districtsMain streetsPostal Codes
Boxhagener KiezKrosseren Strasse
Gärtnerstrasse
Boxhagener Strasse
Gabriel-Marx-Strasse
Wühlischestrasse
Seumerstrasse
Wühlischstrasse
Knorrpromenade
Gryphiusstrasse
10245
10245
10245
10245
10245
10245
10245
10245
10245

Key figures about Friedrichshain

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The Advantages of Selling in Boxhagener Kiez

In Boxhagener Kiez, it’s like living in a charming enclave. The neighborhood flea market adds a special touch, making the place even cozier.

– Interview with a local resident.

Boxi, the most coveted neighborhood in Berlin, offers distinctive advantages for those considering selling their property. Here are some key points to consider:

 

Green areas

Boxhagener Platz, Grünberger Str.

Boxhagener Platz, Grünberger Str.

A vibrant square favored by both locals and tourists alike. This area hosts two weekly markets: one on Saturdays for fruits, vegetables, and local goods, and another on Sundays for a flea market. Boxhagener Platz is a popular gathering spot, offering seating areas and a relaxed atmosphere. Its diverse surroundings feature cafes, shops, and cultural venues, adding to its allure as a dynamic destination within Friedrichshain.

Culinary Discovery

At Boxhagener Platz, culinary discovery awaits around every corner. Local eateries, reflecting the neighborhood’s diversity, provide options for every taste, from international flavors to more traditional dishes. The cafes and brunch spots scattered around the square offer cozy spaces to relax with friends.

Among them is Neumanns Café, for example, which offers a calm and welcoming brunch atmosphere. The products are fresh and delicious.

Neumanns Café, Gabriel-Max-Str. 18, 10245 Berlin.

Neighborhood and Environment: The quality of life in Boxhagener Kiez

Ideal Location

Ideally located in the eastern part of Berlin, Friedrichshain offers quick and easy access to the city’s main attractions. Exceptional transportation connections, including subway, tram, and bus networks, facilitate travel to other neighborhoods for both work and leisure.

This centrality is also reflected in the proximity to iconic landmarks such as Alexanderplatz and the East Side Gallery. Residents of Friedrichshain thus enjoy a vibrant urban life, with shopping, entertainment, and dining options right at their doorstep.

Changing Demographics

Boxhagener Kiez boasts a dynamic demographic diversity that contributes to its cosmopolitan character. It attracts a varied population in terms of age. Despite its reputation as a young and trendy neighborhood, Boxhagener Kiez also appeals to families. The green spaces, quality schools, and friendly atmosphere make it an attractive choice for those looking to balance urban and family life. Lastly, Boxhagener Kiez has experienced some gentrification, with the arrival of higher-income residents and a gradual transformation of commercial and residential spaces.

Renovation and Development

Over the past 15 years, Boxhagener Kiez has seen dynamic development and renovation projects, contributing to redefining the aesthetics and attractiveness of the neighborhood.

Simultaneously, the local economy is expected to continue diversifying, with the emergence of new shops, restaurants, and coworking spaces. Several residential buildings have undergone renovation projects, both internally and externally. These efforts aim to preserve the historical character of certain buildings while offering modernized interiors that meet contemporary standards.

A sample of successful sales

boxhagener apartment
  • Area: 73m²
  • Price: €395,000
  • Street: Boxhagener Straße
gabriel marx strasse
  • Area : 42m2
  • Price : € 265.000
  • Street : Gabriel-Marx- Strasse 1
sorauer strasse
  • Area : 134m2
  • Price : € 710.000
  • Street : Sorauer Straße
karl marx allee
  • Area : 57m2
  • Price : € 349.000
  • Street : Karl-Marx-Allee 113
oppelner strasse
  • Area : 73m2
  • Price : € 450.000
  • Street : Oppelner Str 32
krossener
  • Area : 61m2
  • Price : € 309.000
  • Street : Krossener Strasse 22

Choose your micro-district in Friedrichshain

YOUR PROFESSIONAL ESTATE AGENCY

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You will be competently and comprehensively advised for selling your property. We quickly organize a personal meeting. You will receive a free real estate evaluation after our viewing of the property.

Expertise & Efficiency

We create a meaningful presentation for your property in German, French and English. The property is professionally staged by an experienced real estate photographer. We market these nationally and through our international real estate network in order to find the buyers and to achieve the best price for you.

Sale process & international clients

We have a broad network of experts. Whether you need a lawyer, notary, architect, appraiser or craftsman, we have the right contact for you.

Through our international clients and agents, we promote your property to find the best buyer at the highest price.

The best price

In our valuation, we deliver a deep analysis and present you all the aspects that will matter for selling your property. With that, we  suggest you the highest sale price for your property in Berlin and in Germany.

Agency Fee

By law the agency fee in Germany is spitted equally between the buyer and the seller.

Why to trust us?

Everything we do, we believe in going the step further in services and customers relationship. We believe in thinking differently and in going beyond the borders to deliver premium services.

Our services offer 360° consultancy, professional advises and a personal relation at every levels for owners selling their properties. The goal is to ease the process and to deliver our expertises at your need.

Berlin is a city we chose to live in and to work for, to share to others the passion we have for Berlin. Our passion is Berlin, our motto is service. Contact us today to learn how we can help you.

Contact us via the formula to arrange a personal meeting

Your personal real estate agent: Sarra Saddek +49 30 40 633 051 – contact@invest-ab.com

Our agency delivers a premium service for sellers and buyers. We provide a free valuation of your property in Berlin and in Germany. Our team will be at your side through all the steps of the selling process, from valuation till the signatures by the notary as well as for the the handover of the keys.

Take contact with us today. We are looking forward to helping you in your project.

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