Expensive flats in Berlin: supply exceeds demand for the first time

A survey of Berlin's housing market published on October 1, 2026 shows a striking shift at the top end: for the first time, the supply of expensive apartments in the capital exceeds the demand. According to the data cited by Tagesspiegel, flats offered above roughly 20 euros per square metre cold rent are increasingly staying on the market, as potential tenants cannot or will not pay the asking prices. In the lower and middle segments, however, the picture is unchanged. Demand for affordable apartments still massively outstrips supply, with hundreds of applications for every advertisement under 10 euros per square metre. Analysts attribute the imbalance to high construction costs, elevated interest rates and a slow-down in new builds, which have pushed developers to focus on luxury segments that the local population cannot afford. Housing experts warn that without targeted public construction and stricter rent regulation, the capital's social mix will continue to erode.