Dusseldorf real estate prices rise to record levels
Anyone who is currently taking a longer look at the numbers of the expert committee, recognizes quite quickly the fast-moving price spiral in Dusseldorf. There are increasing opinions that this development will end soon, especially in prime locations, the situation will slow significantly. In some submarkets, one can already speak of overheating. But the pure numbers make a completely different impression. The volume of 2017 was over 4.5 billion euros. The increase in purchase price sales until June 2018 compared to 2017 suggests a new record year.
Dusseldorf ranks fourth in real estate prices in Germany.
Especially in the premium sector, the Rhine metropolis Dusseldorf has firmly established itself as the fourth largest city in Germany. In Dusseldorf, almost 230 properties with well over one million euros were sold in 2017 - considerably more than in Frankfurt, Cologne or Stuttgart. The largest share of this is the one- and two-family houses with 147 sales. Most of them changed hands in Oberkasseler's neighboring district Heerdt. This makes it clear that many interested parties are looking for new locations.
Düsseldorf is absolutely full and the market is really empty. Nevertheless, neither immigration nor demand break off. Favored by the low interest rate situation, the demand for urbanity is unbroken. The generational change already taking place in the city and the surrounding area creates a very ambitious and strong market. Price reductions are not expected in the foreseeable future.
The price development for condominiums in Dusseldorf in the period from 1995 to today is not very violent. Only the prices for new buildings are in the same period at well over 100 percent. In view of these developments, the price increases of the past eight to ten years approximate.
The current market situation is very explosive. Many interested parties are therefore looking for a stock that further reduces the difference to the new building. Especially alternative and peripheral locations are experiencing growth. The already mentioned Heerdt and also Hamm are best examples.
From the price development so far not benefiting districts such as Eller, Wersten or Garath are history. Here, too, the demand is increasing. This will be beneficial for urban development. There is gradually increasing demand throughout the southwest of the city. There is the trend development, not only to look in Dusseldorf, but right in the surrounding area. Families, the city is often no longer priced.
The Dusseldorf real estate market is extremely strong and volatile. Utopian price expectations are rarely enforceable here. Only exceptions from the lovers and luxury real estate confirm the rule. These can be found primarily in the segment of houses and land. The stamina of many owners who continue to set higher prices is having an impact. Who does not have to sell, this is usually not. The Rhine metropolis has a great appeal. Many of the potential buyers, however, do not carry the high prices.
In the west Meerbusch.
A traditional surrounding area does not exist in Dusseldorf. Behind the city limits are usually no rural idyll. As a rule, you are in another city without a noticeable transition. So Duisburg, Ratingen, Langenfeld and Neuss. The coveted hinterland locations of the Rhine metropolis are usually located directly behind the city sign of Düsseldorf.
The traditionally very popular Düsseldorfer West is despite the enormous aircraft noise for many property seekers the left bank of the 55,000-inhabitant city of Meerbusch. Priced is the residential area Alt-Meererbusch in the popular district Büderich on Dusseldorf level. The villa colony with garden city character was built at the beginning of the 20th century and is still one of the most expensive residential areas in Germany today. If you can afford it, your luck is just a few stone's throw away from the top location Oberkassel.
Overall, the location is especially interesting for young families. Meerbusch has everything you need to live on - except for a balanced range of properties under 500,000 euros. No wonder, if one concludes the conclusion of an expert that Meerbusch actually belong to Dusseldorf. And yet the completion of the A44 motorway and the associated even better connection to Dusseldorf has ensured a further surge in demand.
In the south Neuss.
A little higher, the prices are a little further south, in Neuss. The center of the city, which has over 150,000 inhabitants, has almost the same level as Dusseldorf. In general, it is reported, the Neusser see by no means as a commuter location of the Rhine metropolis. After all, the city offers everything you need - except perhaps the direct Rheinlagen.
Neuss has a vital economy, great real estates from Art Nouveau buildings in the city center to country mansions in Gnadental, Ponoma or Grimlinghausen or Uedesheim as well as a good connection to the other side of the Rhine - whether you use them or not. Up to just under 4,500 euros per square meter (apartments), but sometimes also over one million euros for houses in the traditional city in the top demanded and paid.
In the southeast Monheim, Langenfeld, Hilden
This is increasingly different south and southeast. Here, Monheim, Langenfeld and Hilden "fight" for the favor of the commuters. In terms of price, these three locations can be seen in the order of priority, if only separated by nuances. While Hilden scores as compact city center with good infrastructure and a top connection to Dusseldorf by road and rail, it is with Langenfeld and Monheim the innovative city superiors, who made their communities debt-free and thus for real estate seekers highly attractive.
In the northeast Ratingen.
In the northeast of Dusseldorf is Ratingen, a classically sought-after surrounding area with quite "sporty" prices. Directly adjacent to the Dusseldorf East, one is on the car and S-Bahn in no time at the Kö. The location also makes the location very close to Düsseldorf Airport. Ratingen's most sought-after residential areas are Hösel and Ratingen-Ost.
The resurgent city of Krefeld for a long time an unnoticed existence. Years ago, the market started to move again. Krefeld, the city of 225,000 inhabitants, has some very attractive residential areas.
Stadtwald, Musiker- and Bismarckviertel are to name as priority here. In addition, a lot of green, a compact city, plenty of infrastructure and at least on the road a good connection to Dusseldorf. No wonder that Krefeld is back in the buyer's favor. In terms of price, however, one can no longer expect bargains in many places today. For the price increases were in the good and very good locations last too fast. Up to 25 percent has been talked about in the recent past, with an upward trend.