Market report 2008 - Location: Düsseldorf
The provincial capital of North Rhine-Westphalia counts among the leading locations in various areas like advertising, international management consultancies and is the place of residence of numerous major corporations. Thousands of dependencies of foreign enterprises have set up business in Düsseldorf and its surrounding area. Even the high share of Asian corporations, the third-largest airport in Germany as well as the international exhibition make the location so attractive for companies on the "global market".
Well-earning singles, young families and seniors appreciate the urban environment combined with the good infrastructure. Next to the international school and various schools of higher education, Düsseldorf provides a large range of leisure activities as well the flair of the River Rhine. People love living in Düsseldorf!
Condominiums
The demand for living space is continuous, leading to an increase in the price structure to the highest levels. The development of condominiums in good locations, which lead to considerable increases in price in part, is to be especially noted. The areas of Oberkassel, Niederkassel, the zoo area as well as Grafenberg count among the preferential locations.
Condominiums in the middle-class and simple areas are bargained for at discounts, which can be lead back to, among others, the given and future potential of new building estates in the preferential areas of Düsseldorf.
The trend towards 2-3 roomed apartments has remained unaffected; the trend towards 4-6 roomed apartments is even increasing. The same goes for new apartments. A visibly increased development of group-targeted projects can be registered. The trend towards older apartments is also increasing; in very good locations like the zoo area and Oberkassel, collector's prices are even being reached.
Single-family homes and villas
The demand for detached single-family homes, city villas and villas is still high. Counting among the oreferential living areas of Düsseldorf are, as always, Oberkassel, the "zoo area" in Düsseltal, Golzheim, Stockum, Grafenberg as well as areas in Kaiserswerth and Angermund. The known districts of Düsseldorf, like Meerbusch, Ratingen-Hösel, the Duisburger Süden as well as the Mülheimer Uhlenhorst are still favorites for many buyers.
The trend is going up, in very good locations like Oberkassel, collector's prices are being reached. The purchasing prices of investment property have developed in a very positive way.
Investment property
The interest of institutional investors - mainly from abroad - is still continuous. Especially the intrinsic value of the Düsseldorf housing market makes the location interesting for, among others, investment companies.
