NRW is a prosperous state, and real estate prices reflect that economic boom. Steeped in its industrial tradition of the Ruhrgebiet, the region is today home to an array of bustling corporate offices, fairs, cultural venues and condominium complexes.
Prices depend on the location, size and supply-demand dynamics in the particular city in which you want to invest or live. For example, downtown Cologne commands higher euros per square metre than, say, Bonn city centre does.
NRW is densely populated, and several cities line the rivers Ruhr and Rhine, all of which become busy during the carnival time. All in all, our team can find you properties across the budget spectrum.
Asking rents continue to rise. The average median of €7.86 per square metre is among the highest of all cities in Germany. However, property prices in most NRW cities are the lowest in Germany and Western Europe. The combination of a high rent and a low property value generates a significantly high yield of 7%-8.5%, which is exceptional in today’s property investment sector.
Here is some information on the property market in Cologne, Düsseldorf and Dortmund, the top three cities in NRW, as of 2015.