BerlinRealEstatePrices 🏡

Statistical analysis of Berlin real estate prices for IDS702 class @ Duke University.

Research Question
Which factors influence listing prices of Berlin real estate?

Methodology 🛠️

• Web scraping data from immobilienscout24.de, immowelt.de, and ebay-kleinanzeigen.de
• Data cleaning
• Modeling
  • Linear Regression
  • Hierarchical linear model with random intercepts

Results 🔬

You can download the full report here. It highlights...

The relationship between property attributes and price

🔑 Take aways:

• larger properties are more expensive
• temporary living is overpriced (although you pay for flexibility...)
• houses (compared to apartments, everything else held constant) are significantly more expensive to rent, but cheaper to buy
• offers from private sellers and landlords tend to be cheaper than offers from commercial entities

The importance of location

🔑 Take away: Properties in the city center are more expensive

Zip code areas that are "cheap" considering their proximity to the city center

🔑 Take away: Some zip code areas offer good value for money if you want to be close to the action