Berlin’s most surprising spring 2026 signal? Apartment gross yields fell even though asking sale prices didn’t budge at all. Across weekly snapshots from 22 April to 6 June, the median asking sale price stayed locked at €398,863, while gross yield still slipped from 2.54% to 2.39%.
That decline was driven almost entirely by the rent side. The median asking rent eased from €844/month at the start of the period to €795/month by late May, with the drop happening in steps: €834, then €815, then €795. In other words, the market’s pricing stayed sticky on the buy side, but rental income expectations softened enough to compress returns.
The pattern is pretty clear: Berlin didn’t show a slow, steady decline so much as a stable opening followed by a lower plateau. Yields held at 2.54% for the first three snapshots, then stepped down and settled at 2.39% for the final two weeks. For investors, that’s a useful reminder that short-term yield moves can come from rent weakness alone — even when sale prices look unchanged.
Read the full analysis with interactive charts and district-level data on Realty Pulse
