Berlin in the POTENTIALSPACES Index (PSI)
Berlin – with over 3.5 million residents – is the largest city in Germany. Since its unification in 1990, the city has been attracting more than 100,000 new residents annually. With inhabitants now coming from about 200 nations, the city has become one of the most colorful cities in the country. The diversity of its inhabitants is reflected in a unique urban geography, which resembles the famous mosaic of little worlds that Robert E. Park once described. No district is like another, each neighborhood is unique.
How can this diversity be captured quantitatively? The existing “Indices” and “rankings” of cities in Germany and especially Berlin typically fall short of describing the city at micro-geographic level. Moreover, they assume a universality of taste while URBANCONTEXT argues that what is perceived as a “good” or “bad” place is inherently subjective and depends on a unique match of preferences and location characteristics. The Berlin index as a derivative of the POTENTIALSPACES-Index (PSI) accounts for Berlin´s social and spatial diversity. All rankings are provided by a variety of categories which allow everyone to identify their ideal POTENTIALSPACES according to their own tastes.
UC has also developed the PSI-Prices (Rent) and (Buy), which may reveal over- and undervaluations of areas. The PS indices nature, centrality, urbanity and status show the equipment of the districts. Based on a statistical models a real estate price is estimated, corresponding to the features of the district. Compared with the real rents and purchase offers the PSI-Price can identify to high or to low rents and purchase prices according to an area´s features.
In their entirety, these sub-indices represent the POTENTIALSPACES-Index (PSI).