In Brief: Where do Berlin’s millionaires live? Zehlendorf, Charlottenburg-Wilmersdorf, and increasingly – Friedrichshain-Kreuzberg

The Berliner Zeitung reports the number of millionaires - in this case, people making more than 500,000 euros a year - living in Friedrichshain-Kreuzberg has risen from 11 in 2016 to 51 in 2019.

Photo by Austin Distel, from Unsplash

 

 

The Berliner Zeitung reports the number of millionaires in Berlin has risen since 2016. At the beginning of this year, tax authorities reported 749 millionaires living in Germany’s capital.

In this case, the classification of “millionaire” is determined by income, people who make more than 500,000 euros a year.

The Berliner Zeitung also reports it’s not yet clear whether these individuals actually became millionaires in Berlin or simply moved here. What is known is Friedrichshain-Kreuzberg is increasingly becoming their desired destination.

In the past three years, the number of millionaires rose in that district from 11 to 51.

Still, the majority of these millionaires live in the districts of Zehlendorf and Charlottenburg-Wilmersdorf.

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A new study from the German Economic Institute finds not enough new apartments are being built – not only here in Berlin, but also in many other major German cities.

The discrepancy between how many apartments people need and how many apartments there are is particularly high in Cologne and Stuttgart. From 2016 to 2018, only about half of the apartments needed were built there.

Here in Berlin, just under three-quarters of the apartments needed were built.

The situation is different in several more rural areas. The institute says in fact too much is being built in some cases, so buildings end up being vacant.

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According to an Insa survey for Bild Zeitung, 47 percent of Germans say the heat waves scare them.

The heat can be particularly dangerous for elderly and sick people, especially since relatively few people in Germany have air conditioning in their homes.

In Berlin it’s predicted the temperature will be in the low 30s for the next several days – that’s low 90s in Fahrenheit.

Meanwhile France is bracing this week for another heat wave. Temperatures in Paris are expected to climb to the high 30s, low 40s Celsius – a peak of 108 degrees Fahrenheit is forecast for Thursday.

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